Women's knitted outerwear market in Latvia

Earlier Report Observations

Between 2018 and 2020, Latvian production of women's knitted outerwear fell sharply from 120.4 thousand units to 51.7 thousand units. Imports increased from 199.4 thousand to 252.3 thousand units over the same period, while exports declined from 123.7 thousand to 97.3 thousand units. The domestic market volume in physical terms dipped to 179.3 thousand units in 2019 before recovering to 206.8 thousand units in 2020. In value terms, the market size expanded significantly from 409 thousand US dollars in 2018 to 2.2 million US dollars in 2020.

From 2021 to 2025, import volumes continued to grow, reaching 334.1 thousand units in 2025. Exports fluctuated, peaking at 135.1 thousand units in 2023 but then dropping to 86.0 thousand units by 2025. This trend resulted in a rising net import position for Latvia.

In monetary terms, the value of imports rose from 5.9 million US dollars in 2020 to 7.6 million in 2025, whereas export value decreased from 5.1 million to 4.9 million US dollars over the same period, indicating a growing reliance on imported goods.

Production women's knitted outerwear in Latvia

In value, 2018-2021, K $ US

Latvia's production of women's knitted outerwear declined for the second year in a row. In 2020, output was valued at 1,419 thousand US dollars, marking a significant drop of 32.9% compared to 2019. Over the three-year period from 2018 to 2020, production fell by 56.7%, with an average annual decline of 24.4%.

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

In kind, 2018-2021, K unit

Women's knitted outerwear production in Latvia decreased for the second consecutive year. In 2020, Latvia produced 51.7 thousand units, representing a sharp decline of 37.3% from 2019. From 2018 to 2020, production dropped by 57%, with an average annual decrease of 24.5%.

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

Exports women's knitted outerwear from Latvia

Exports in kind, K unit

In 2021, Latvia exported 101.5 thousand units of women's knitted outerwear, up 4.3% from the previous year. Over the period from 2018 to 2021, exports fell by 18%, equating to an average annual decline of 6.4%. The lowest export volume was recorded in 2020 at 97.3 thousand units, while the highest was in 2019 at 126.4 thousand units. The largest year-on-year drop occurred in 2020, with a decrease of 23.1%.

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

From 2018 to 2021, Estonia, Sweden, and Denmark were the key partners for Latvia's exports of women's knitted outerwear in volume terms. Estonia accounted for 17.8% of exports, Sweden for 17.5%, and Denmark for 16.3%. Together, these three countries represented 51.6% of total export flows.

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

Latvia's exports of women's knitted outerwear declined for the third consecutive year. In 2021, exports totaled 4,969 thousand US dollars, showing a slight reduction of 2.9% compared to the previous year. Between 2018 and 2021, exports decreased by 20.7%, with an average annual decline of 7.4%.

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

Over the period from 2018 to 2021, Sweden, Denmark, and Estonia were the main destinations for Latvia's exports of women's knitted outerwear in value terms. Sweden accounted for 19.9% of exports, Denmark for 18.8%, and Estonia for 18.3%. Collectively, these three countries absorbed 57.0% of total export value.

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 outerwear to Latvia

Imports in kind, K unit

After two years of growth, Latvia's imports of women's knitted outerwear declined in 2021. Import volume totaled 231.1 thousand units, reflecting a gradual decrease of 8.4% year-on-year. From 2018 to 2021, imports increased by 15.9%, with an average annual growth rate of 5.0%. The highest import volume was recorded in 2020 at 252.3 thousand units, with the largest year-on-year increase of 13.0% occurring that same year.

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

Throughout 2018 to 2021, Germany, Poland, and China were the key partners for Latvia's imports of women's knitted outerwear in volume terms. Germany accounted for 38.2% of imports, Poland for 21.7%, and China for 6.9%. Together, these three countries made up 66.8% of total import flows.

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

The market showed an unstable trend over the period. Imports reached their lowest point in 2018 and peaked in 2019, with a 1.7-fold difference between these years. In 2021, Latvia imported women's knitted outerwear valued at 5,935 thousand US dollars, marking a measured decrease of 9.1% from the previous year. The highest import value was recorded in 2019 at 5,935 thousand US dollars, with the largest year-on-year increase of 74.9% occurring that year.

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

From 2018 to 2021, Germany, Poland, and the Netherlands were the principal sources for Latvia's imports of women's knitted outerwear in value terms. Germany accounted for 36.1% of imports, Poland for 15.6%, and the Netherlands for 13.5%. Together, these three countries represented 65.2% of total import flows.

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

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