Women's knitted dresses market in Latvia

Earlier Report Observations

The market for women's knitted dresses in Latvia showed significant volatility from 2018 to 2024. It opened at 691.7 thousand units in 2018, then edged down to 664.4 thousand units in 2019 before a sharp contraction to 533 thousand units in 2020. This downturn coincided with a pronounced decline in both domestic production and import volumes during that year.

A strong recovery began in 2021, lifting the market to 679 thousand units, and growth accelerated to a peak of 845 thousand units in 2022. This expansion was paired with a substantial rise in imports, which exceeded 854 thousand units at the high point. After the peak, the market volume fell back to 659.4 thousand units in 2023 before showing signs of stabilization at 676.2 thousand units in 2024.

Across the entire period, imports consistently formed the bulk of market supply, while local production followed a generally declining trend from its 2019 high, and export volumes varied without a sustained directional shift.

Production women's knitted dresses in Latvia

In value, 2018-2021, K $ US

Latvia's production of women's knitted dresses has declined for the second year in a row. In 2021, output was valued at 2 171 K $ US, marking a significant drop of 14.4% compared to the previous year. From 2018 to 2021, production fell by 43.6%, which translates to an average annual decrease of 17.4%. The highest production value was recorded in 2019 at 4 022 K $ US, with the largest annual increase that year at 4.5%. The sharpest decline occurred in 2020, when production dropped by 36.9%.

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

In kind, 2018-2021, K unit

Women's knitted dresses production in Latvia has decreased for the second consecutive year. In 2021, Latvia produced 79.5 K units, reflecting a decline of 25.4% from the year before. Over the period from 2018 to 2021, production fell by 49.4%, with an average annual rate of decrease of 20.3%. The peak was in 2019, with 175.4 K units produced, and the largest annual increase that year was 11.6%. The most substantial drop occurred in 2020, when production decreased by 39.3%.

Annual dynamics of production in Latvia in kind, 2018-2021, K unit

Exports women's knitted dresses from Latvia

Exports in kind, K unit

The market for exports in kind showed notable volatility during these years. Latvia exported 131.1 K units of women's knitted dresses in 2021, down by 11.5% from the previous year. The highest export volume was recorded in 2019 at 196.8 K units, with the largest annual increase that year at 90.9%. The lowest point was in 2018, and the largest decline occurred in 2020, when exports fell by 24.7%. Overall, exports varied by 1.9 times between the peak in 2019 and the trough in 2018.

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

From 2018 to 2021, Russia, Denmark, and Estonia were the top buyers of women's knitted dresses from Latvia, accounting for 78.6% of total exports in kind. Russia led with 44.3% of exports, followed by Denmark at 19.1%, and Estonia at 15.2%.

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

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

Exports in value, K $ US

The export market in value terms exhibited volatility over the observed period. In 2021, women's knitted dresses exports from Latvia amounted to 3 831 K $ US, indicating a modest decrease of 4.9% compared to the previous year. The peak was in 2019 at 4 900 K $ US, with the largest annual increase that year at 82.7%. The lowest point was in 2018, and the largest decline occurred in 2020, when exports dropped by 17.8%. Overall, exports varied by 1.8 times between the high in 2019 and the low in 2018.

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

From 2018 to 2021, three key markets—Russia, Denmark, and Estonia—collectively accounted for 81.6% of the total export value of women's knitted dresses from Latvia.

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

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

Imports women's knitted dresses to Latvia

Imports in kind, K unit

In 2021, Latvia's imports of women's knitted dresses in kind reached 730.6 K units, representing a sharp increase of 27.1% from the prior year. Over the period from 2018 to 2021, imports grew by 14.6%, with an average annual growth rate of 4.6%. The lowest import volume was recorded in 2020 at 574.7 K units, and the largest decline that year was 16.2%.

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

From 2018 to 2021, Poland, Germany, and Lithuania were the main sources of women's knitted dresses imports to Latvia, together making up 65.6% of total imports in kind. Poland accounted for 42.3%, Germany for 14.2%, and Lithuania for 9.2%.

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

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

Imports in value, K $ US

Latvia imported women's knitted dresses worth 10 105 K $ US in 2021, showing a substantial increase of 68.5% from the year before. Over the period from 2018 to 2021, imports rose by 53.1%, with an average annual growth rate of 15.2%. The lowest import value was in 2020 at 5 999 K $ US, and the largest decline that year was 20.8%.

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

From 2018 to 2021, Poland, Germany, and Italy remained the leading sources in the import structure by value, with a combined share of 63.7% of total flows. Poland contributed 24.1%, Germany 21.5%, and Italy 18.1%.

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

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