Latvia: Baby Garment Market 2025

Baby Garment Market Size in Latvia

In 2022, the Latvian baby garment market decreased by -9.9% to $X for the first time since 2016, thus ending a five-year rising trend. Overall, consumption saw a noticeable decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Baby Garment Production in Latvia

In value terms, baby garment production declined to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2019 when the production volume increased by 221%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Baby Garment Exports

Exports from Latvia

Baby garment exports from Latvia contracted to X units in 2022, waning by -11.2% compared with 2021 figures. In general, exports continue to indicate a mild decrease. The pace of growth was the most pronounced in 2021 with an increase of 43%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, baby garment exports reached $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 26%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Estonia (X units) was the main destination for baby garment exports from Latvia, accounting for a 54% share of total exports. Moreover, baby garment exports to Estonia exceeded the volume sent to the second major destination, Sweden (X units), twofold. The third position in this ranking was held by Lithuania (X units), with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia amounted to +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-3.9% per year) and Lithuania (-4.4% per year).

In value terms, Estonia ($X) remains the key foreign market for babies’ garments and clothing accessories (knitted or crocheted) exports from Latvia, comprising 56% of total exports. The second position in the ranking was held by Sweden ($X), with an 18% share of total exports. It was followed by Lithuania, with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Estonia stood at +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-4.9% per year) and Lithuania (-1.3% per year).

Export Prices by Country

The average baby garment export price stood at $X per unit in 2022, with an increase of 15% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 35%. The export price peaked at $X per unit in 2017; however, from 2018 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 Iceland ($X per unit), while the average price for exports to Sweden ($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 Iceland (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.

Baby Garment Imports

Imports into Latvia

In 2022, after five years of growth, there was significant decline in overseas purchases of babies’ garments and clothing accessories (knitted or crocheted), when their volume decreased by -14% to X units. Over the period under review, imports, however, enjoyed a modest expansion. The pace of growth was the most pronounced in 2017 when imports increased by 69%. Imports peaked at X units in 2021, and then contracted in the following year.

In value terms, baby garment imports dropped to $X in 2022. Overall, imports saw a perceptible decline. The growth pace was the most rapid in 2017 when imports increased by 29%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X units) constituted the largest supplier of baby garment to Latvia, with a 64% share of total imports. Moreover, baby garment imports from Poland exceeded the figures recorded by the second-largest supplier, Lithuania (X units), eightfold. The third position in this ranking was held by Germany (X units), with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume from Poland totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+4.6% per year) and Germany (+19.5% per year).

In value terms, Poland ($X) constituted the largest supplier of babies’ garments and clothing accessories (knitted or crocheted) to Latvia, comprising 43% of total imports. The second position in the ranking was taken by Lithuania ($X), with a 12% share of total imports. It was followed by Italy, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value from Poland stood at -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+5.4% per year) and Italy (-11.8% per year).

Import Prices by Country

The average baby garment import price stood at $X per unit in 2022, growing by 8.5% against the previous year. Overall, the import price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by 25% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Turkey ($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 (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform