Latvia: Brassiere Market 2024

Brassiere Market Size in Latvia

In 2022, the Latvian brassiere market was finally on the rise to reach $X after two years of decline. In general, consumption, however, continues to indicate a noticeable decrease. Brassiere consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Brassiere Production in Latvia

In value terms, brassiere production declined to $X in 2022 estimated in export price. In general, production saw a pronounced reduction. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Brassiere production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Brassiere Exports

Exports from Latvia

In 2022, approx. X units of brassieres were exported from Latvia; declining by X% against the previous year's figure. Over the period under review, exports showed a slight descent. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, brassiere exports declined slightly to $X in 2022. Overall, exports saw a pronounced decline. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Estonia (X units) was the main destination for brassiere exports from Latvia, with a X% share of total exports. Moreover, brassiere exports to Estonia exceeded the volume sent to the second major destination, Sweden (X units), threefold. The third position in this ranking was held by the Czech Republic (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Estonia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and the Czech Republic (X% per year).

In value terms, Estonia ($X) remains the key foreign market for brassieres exports from Latvia, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Estonia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Russia (X% per year).

Export Prices by Country

In 2022, the average brassiere export price amounted to $X per unit, remaining relatively unchanged against the previous year. In general, the export price showed a pronounced descent. The growth pace was the most rapid in 2018 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (X%), while the prices for the other major destinations experienced more modest paces of growth.

Brassiere Imports

Imports into Latvia

In 2022, purchases abroad of brassieres increased by X% to X units, rising for the second year in a row after two years of decline. Overall, total imports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, brassiere imports expanded slightly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Poland (X units), Belarus (X units) and Germany (X units) were the main suppliers of brassiere imports to Latvia, with a combined X% share of total imports. Ukraine, Estonia, Sweden, the Netherlands, Lithuania, Italy, China, the Czech Republic and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Poland ($X) and Germany ($X) appeared to be the largest brassiere suppliers to Latvia, with a combined X% share of total imports. Ukraine, Italy, Estonia, the Netherlands, Sweden, Lithuania, China, the Czech Republic and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Ukraine, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average brassiere import price amounted to $X per unit, falling by X% against the previous year. Overall, the import price saw a slight reduction. The growth pace was the most rapid in 2016 an increase of X%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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