Market research

Women's knitted swimwear market in Latvia

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The market for women's knitted swimwear in Latvia showed significant growth from 2018 to 2023, with volume expanding from 208.1 thousand units to 378.0 thousand units. The initial increase in 2019 was supported by the strong consumer preference for knitted swimwear, which held a dominant 75% share of the European market. A contraction occurred in 2020, but the market recovered in 2021 as European demand remained stable.

Growth accelerated notably in 2022, when unseasonably warm weather across Europe led to a 15% rise in swimwear sales, directly boosting Latvian market volume by 25% to 328.6 thousand units. Simultaneously, social media became a powerful driver, with 72% of women reporting swimwear purchases inspired by online content. This trend continued into 2023, with the market growing another 15% to 378.0 thousand units, underpinned by consumer interest in sustainable and performance-oriented swimwear collections.

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 and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2023
  2. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2023
    2. 4.1.2.2. Imports, 2018-2025
    3. 4.1.2.3. Exports, 2018-2025
    4. 4.1.2.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Latvia
  1. 5.1.1. In kind, 2018-2023, K unit
  2. 5.1.2. In value, 2018-2023, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, K unit
  2. 5.2.2. In value, 2018-2024, K $ US
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, K unit
    1. 6.1.2.1. Annual dynamics of product's exports from Latvia in kind, 2018-2025, K unit
    2. 6.1.2.2. Dynamics of product's exports in kind from Latvia by countries, 2018-2025, K unit
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Latvia in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Latvia by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/unit
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Latvia, 2018-2025, $ US/unit
    2. 6.1.4.2. Dynamics of average price of product's exports from Latvia by countries, 2018-2025, $ US/unit
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, K unit
    1. 6.2.2.1. Annual dynamics of product's exports from Latvia in kind, 2018-2025, K unit
    2. 6.2.2.2. Dynamics of product's exports in kind from Latvia by countries, 2018-2025, K unit
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Latvia in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Latvia by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/unit
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Latvia, 2018-2025, $ US/unit
    2. 6.2.4.2. Dynamics of average price of product's exports from Latvia by countries, 2018-2025, $ US/unit
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, K unit
    1. 7.1.2.1. Annual dynamics of product's imports to Latvia in kind, 2018-2025, K unit
    2. 7.1.2.2. Dynamics of product's imports in kind to Latvia by countries, 2018-2025, K unit
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Latvia in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Latvia by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's imports, $ US/unit
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Latvia, 2018-2025, $ US/unit
    2. 7.1.4.2. Dynamics of average price of product's imports to Latvia by countries, 2018-2025, $ US/unit
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, K unit
    1. 7.2.2.1. Annual dynamics of product's imports to Latvia in kind, 2018-2025, K unit
    2. 7.2.2.2. Dynamics of product's imports in kind to Latvia by countries, 2018-2025, K unit
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Latvia in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Latvia by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's imports, $ US/unit
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Latvia, 2018-2025, $ US/unit
    2. 7.2.4.2. Dynamics of average price of product's imports to 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 women's knitted swimwear in Latvia

In value, 2018-2021, K $ US

In 2021, the output of women's knitted swimwear in Latvia was valued at 840 K $ US, which represents a 23.1% decrease compared to the previous year. Over the period from 2018 to 2021, production declined by 14.8%, with a compound annual growth rate (CAGR) of 5.2%. The highest value was recorded in 2020 at 1 092 K $ US, which also saw the largest increase of 18.9%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(6.8%)	18.9%	(23.1%)	(5.2%)

Source: SHEV.io

In kind, 2018-2021, unit

In 2021, Latvia produced 80 771 units of women's knitted swimwear, showing a significant decline of 10.5% compared to 2020. From 2018 to 2021, production decreased by 2.9%, with a compound annual growth rate (CAGR) of 1.0%. The lowest production level was in 2019 at 80 690 units, while the peak was in 2020 at 90 290 units, which also experienced the largest increase of 11.9%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(3.0%)	11.9%	(10.5%)	(1.0%)

Source: SHEV.io

Exports women's knitted swimwear from Latvia

Exports in kind, K unit

Women's knitted swimwear exports from Latvia have increased for the third consecutive year. In 2021, Latvia exported 150.7 K units, marking a modest rise of 4.9% over the previous year. Between 2018 and 2021, exports grew by 28.5%, equating to an annualized rate of 8.7%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	9.3%	12.1%	4.9%	8.7%

Source: SHEV.io

From 2018 to 2021, the three largest markets for exports in kind were Russia, Estonia, and Lithuania, which together accounted for 73.4% of total export flows.

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

Exports of women's knitted swimwear from Latvia have risen for the third year in a row. In 2021, exports amounted to 2 356 K $ US, representing a strong increase of 14.9% compared to 2020. Between 2018 and 2021, exports surged by 106.1%, with an annualized growth rate of 27.3%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	47.9%	21.2%	14.9%	27.3%

Source: SHEV.io

From 2018 to 2021, Russia (39.2% of exports in value terms), Estonia (24.4%), and Lithuania (14.3%) consistently remained the main destinations for exports in value terms, together accounting for 77.9% of total flows.

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 women's knitted swimwear to Latvia

Imports in kind, K unit

In 2021, women's knitted swimwear imports into Latvia amounted to 333.4 K units, marking an improvement of 12.2% compared to the previous year. Between 2018 and 2021, imports increased by 37.7%, equating to an annualized rate of 11.3%. The largest decline occurred in 2020 at 4.4%, while the largest increase was in 2019 at 28.3%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	28.3%	(4.4%)	12.2%	11.3%

Source: SHEV.io

Throughout 2018–2021, Poland (28.5% of imports in kind), Germany (18.7%), and the Netherlands (11.8%) remained the key partners for imports in kind, together accounting for 59.0% 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

In 2021, cross-border shipments of women's knitted swimwear into Latvia stood at 3 536 K $ US, amounting to a steep improvement of 58.4% compared to the previous year. Over the period from 2018 to 2021, imports increased by 95.1%, with a compound annual growth rate (CAGR) of 25.0%. The largest decline was recorded in 2020 at 8.0%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	33.8%	(8.0%)	58.4%	25.0%

Source: SHEV.io

From 2018 to 2021, the partner landscape for imports in value terms was diverse. Poland (17.9% of imports in value terms), Germany (17.8%), and the Netherlands (14.1%) together formed only 49.8% of total flows, with a substantial 50.2% supplied by many other countries.

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