Market research

Men's knitted shirts market in Latvia

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The market for men's knitted shirts in Latvia increased from $1.8 million in 2018 to $1.9 million in 2020. During this period, the local textile and clothing industry, supported by small and medium enterprises producing knitwear and promoting natural and eco-friendly garments, contributed to the market's foundation.

By 2024, the market volume had risen to $2.7 million. This expansion was influenced by geopolitical changes, including Russia's invasion of Ukraine and the ensuing sanctions, which reshaped trade flows and affected Latvia's fashion and textile sector. Concurrently, a shift in consumer behavior reduced the emphasis on prestige brands among men, altering market segmentation preferences.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators
1. 4.1. In value
  1. 4.1.1. Production, 2018, 2020, 2024
  2. 4.1.2. Imports, 2018-2025
  3. 4.1.3. Exports, 2018-2025
  4. 4.1.4. Market size, 2018, 2020, 2024
5. Production
1. 5.1. Production in Latvia
  1. 5.1.1. In value, 2018, 2020, 2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In value, 2018-2024, K $ US
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K unit
    1. 6.1.2.1. Annual dynamics of product's imports to Latvia in kind, 2018-2025, K unit
    2. 6.1.2.2. Dynamics of product's imports in kind to Latvia by countries, 2018-2025, K unit
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Latvia in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Latvia by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's imports, $ US/unit
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Latvia, 2018-2025, $ US/unit
    2. 6.1.4.2. Dynamics of average price of product's imports to Latvia by countries, 2018-2025, $ US/unit
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K unit
    1. 6.2.2.1. Annual dynamics of product's imports to Latvia in kind, 2018-2025, K unit
    2. 6.2.2.2. Dynamics of product's imports in kind to Latvia by countries, 2018-2025, K unit
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Latvia in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Latvia by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's imports, $ US/unit
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Latvia, 2018-2025, $ US/unit
    2. 6.2.4.2. Dynamics of average price of product's imports to Latvia by countries, 2018-2025, $ US/unit
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K unit
    1. 7.1.2.1. Annual dynamics of product's exports from Latvia in kind, 2018-2025, K unit
    2. 7.1.2.2. Dynamics of product's exports in kind from Latvia by countries, 2018-2025, K unit
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Latvia in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Latvia by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's exports, $ US/unit
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Latvia, 2018-2025, $ US/unit
    2. 7.1.4.2. Dynamics of average price of product's exports from Latvia by countries, 2018-2025, $ US/unit
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K unit
    1. 7.2.2.1. Annual dynamics of product's exports from Latvia in kind, 2018-2025, K unit
    2. 7.2.2.2. Dynamics of product's exports in kind from Latvia by countries, 2018-2025, K unit
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Latvia in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Latvia by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's exports, $ US/unit
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Latvia, 2018-2025, $ US/unit
    2. 7.2.4.2. Dynamics of average price of product's exports from Latvia by countries, 2018-2025, $ US/unit
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K unit
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K unit
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production men's knitted shirts in Latvia

In value, 2018-2021, K $ US

In 2020, the output of men's knitted shirts in Latvia was valued at 648.1 K $ US, showing minimal change compared to the previous year. Between 2018 and 2020, production increased by 7.2%, which translates to an annualized growth rate of 2.4%.

Annual dynamics of production in Latvia in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

Exports men's knitted shirts from Latvia

Exports in kind, K unit

The data reveals irregular changes, indicating a volatile market environment. Exports bottomed in 2018 and peaked in 2020, with a 2.2-fold difference between these years. In 2021, Latvia exported 176.0 K units of men's knitted shirts, marking a decrease of 20.7% compared to 2020. The maximum value was recorded in 2020 at 221.9 K units, with the largest increase of 74.1% also occurring that year.

Annual dynamics of product's exports from Latvia in kind, 2018-2021, K unit

Parameter		2019	2020	2021	CAGR
1	Change from last year	27.8%	74.1%	(20.7%)	20.8%

Source: SHEV.io

From 2018 to 2021, the country structure of exports in kind was highly concentrated, with Sweden and Russia together accounting for 82.5% of total flows, while other partners formed a residual share.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Latvia in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

Men's knitted shirt exports in Latvia increased for the third consecutive year. In 2021, Latvia exported 2 683 K $ US of men's knitted shirts, representing a slight increase of 0.8% compared to 2020. Between 2018 and 2021, exports surged by 136.7%, equating to an annualized growth rate of 33.3%.

Annual dynamics of product's exports from Latvia in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	20.3%	95.3%	0.8%	33.3%

Source: SHEV.io

From 2018 to 2021, Russia and Sweden served as the dominant destinations for exports in value terms, jointly capturing 80.7% of total flows, with the remaining share distributed among other markets.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Latvia in value, 2018-2021

Source: SHEV.io

Imports men's knitted shirts to Latvia

Imports in kind, K unit

After a two-year increase, foreign supplies of men's knitted shirts to Latvia declined. In 2021, Latvia imported approximately 219.4 K units of men's knitted shirts, resulting in a loss of 37.0% compared to 2020. Between 2018 and 2021, imports decreased by 10.9%, which corresponds to an annualized decline of 3.8%. The maximum value was recorded in 2020 at 348.2 K units, with the largest increase of 23.7% also occurring that year.

Annual dynamics of product's imports to Latvia in kind, 2018-2021, K unit

Parameter		2019	2020	2021	CAGR
1	Change from last year	14.3%	23.7%	(37.0%)	(3.8%)

Source: SHEV.io

From 2018 to 2021, Poland (26.6% of imports in kind), Italy (15.7% of imports in kind), and Germany (14.2% of imports in kind) led the structure of imports in kind, together representing 56.5% of total flows.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Latvia in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

After a two-year increase, shipments of men's knitted shirts to Latvia from abroad declined. In 2021, imports stood at 3 449 K $ US, down by 12.7% compared to 2020. Between 2018 and 2021, imports increased by 46.9%, equating to an annualized growth rate of 13.7%. The maximum value was recorded in 2020 at 3 949 K $ US, with the largest increase of 44.8% occurring in 2019.

Annual dynamics of product's imports to Latvia in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	44.8%	16.2%	(12.7%)	13.7%

Source: SHEV.io

Throughout 2018 to 2021, Italy (22.3% of imports in value terms), Germany (16.1% of imports in value terms), and Poland (14.8% of imports in value terms) remained the main markets for imports in value terms of men's knitted shirts to Latvia, jointly accounting for 53.2% of total flows.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Latvia in value, 2018-2021

Source: SHEV.io