Women's knitted trousers and shorts market in Latvia

Earlier Report Observations

After a slight contraction from 1 496 thousand units in 2018 to 1 452 thousand units in 2019, the market for women's knitted trousers and shorts in Latvia expanded to 1 578 thousand units in 2020. This recovery was supported by modest growth in the clothing and footwear retail sector, which helped sustain consumer demand despite broader challenges in manufacturing.

A period of rapid growth followed, with the market volume soaring to 2 011 thousand units in 2021 and peaking at 2 482 thousand units in 2022. This surge was driven by the competitiveness of the Latvian textile sector, characterized by short lead times and a good price-quality ratio, which bolstered supply. Furthermore, a significant shift toward online shopping for clothing, embraced by 46% of Latvians by 2023, increased product accessibility and fueled market expansion.

The market subsequently corrected, falling to 2 067 thousand units in 2023 and then to 1 994 thousand units in 2024. The decline in 2023 reflected the economic pressures that had caused a sharp 17% drop in clothing and footwear retail sales the previous year. In 2024, the activation of the Extended Producer Responsibility system for textiles introduced new compliance costs for importers and producers, directly impacting market volumes.

Production women's knitted trousers and shorts in Latvia

In value, 2018-2021, K $ US

Latvia's production of women's knitted trousers and shorts has increased for the second consecutive year. In 2021, output was valued at 908 K $ US, marking a gradual rise of 7.4% from the previous year. Over the period from 2018 to 2021, production decreased by 14.6%, with a compound annual growth rate (CAGR) of 5.1%. The lowest value was recorded in 2019 at 738 K $ US, which saw the largest decline of 30.6%. In contrast, the largest increase occurred in 2020, with a 14.5% rise.

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

In kind, 2018-2021, K unit

After a two-year decline, Latvia's production volume of women's knitted trousers and shorts has rebounded. In 2021, 107.4 K units were produced, reflecting a robust increase of 21.6% compared to 2020. From 2018 to 2021, production decreased by 38%, with a CAGR of 14.7%. The lowest volume was recorded in 2020 at 88.3 K units, while the largest decline of 39.9% took place in 2019.

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

Exports women's knitted trousers and shorts from Latvia

Exports in kind, K unit

In 2021, shipments of women's knitted trousers and shorts from Latvia to abroad reached 330 K units, showing a steep increase of 50.4% compared to 2020. Over the period from 2018 to 2021, exports grew by 76.3%, with a CAGR of 20.8%. The largest decline was recorded in 2020, at 0.9%.

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

From 2018 to 2021, Estonia, Russia, and Lithuania formed the core of Latvia's exports in kind for women's knitted trousers and shorts. Estonia accounted for 33.8% of exports, Russia for 20.5%, and Lithuania for 19.5%, together representing 73.8% of total 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

The value of women's knitted trousers and shorts exported from Latvia has increased for the third consecutive year. In 2021, exports amounted to 7 179 K $ US, a rise of 71.8% year-over-year. Between 2018 and 2021, exports surged by 250%, with a CAGR of 51.8%.

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

Throughout 2018 to 2021, Estonia, Russia, and Lithuania remained the main markets for Latvia's exports in value terms of women's knitted trousers and shorts. Estonia held 29.0% of exports, Russia 22.4%, and Lithuania 17.3%, jointly accounting for 68.7% of total flows.

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 trousers and shorts to Latvia

Imports in kind, K unit

Imports of women's knitted trousers and shorts into Latvia have increased for the third consecutive year. In 2021, imports totalled 2 234 K units, representing a 30.7% gain compared to 2020. From 2018 to 2021, imports grew by 47.9%, with a CAGR of 13.9%.

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

Between 2018 and 2021, Poland, Germany, and China continued to be the main suppliers of women's knitted trousers and shorts to Latvia in kind. Poland accounted for 45.5% of imports, Germany for 15.0%, and China for 8.7%, together forming 69.2% of total imports.

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's imports of women's knitted trousers and shorts have increased for the third consecutive year. In 2021, imports totalled 20 469 K $ US, up by 83.4% over the past year. Between 2018 and 2021, imports rose by 163.6%, equating to an annualized rate of 38.1%.

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

Over the period from 2018 to 2021, Germany, Poland, and Estonia were the main sources of imports in value terms for women's knitted trousers and shorts to Latvia. Germany accounted for 25.6% of imports, Poland for 23.4%, and Estonia for 14.8%, together absorbing 63.8% of total imports.

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

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