Fashion market in Latvia

The Latvian Fashion eCommerce market is predicted to reach US$132.9 million by 2024 and accounts for 16.9% of the total eCommerce market in Latvia. It is expected to decrease over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be -3.3%, resulting in a projected market volume of US$116.4 million by 2028. Within the Fashion market ECDB considers the following three sub-markets: Apparel, Footwear, and Bags & Accessories.

Market development

eCommerce revenue development in the Other Accessories market in Latvia

The Latvian Other Accessories eCommerce market is predicted to reach US$0.1 million by 2024 and accounts for 2.3% of the Fashion Accessories eCommerce market in Latvia. It is expected to decrease over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be -1.9%, resulting in a projected market volume of US$0.1 million by 2028. The Other Accessories eCommerce market is a sub-market of the Fashion Accessories market. Further categories within the Fashion Accessories market are: Belts, Headwear, Scarves & Shawls, Sunglasses, and Wallets & Purses.

eCommerce revenue development in the Other Accessories market in Latvia

in million US$

eCommerce revenue growth in the Other Accessories market in Latvia

in %

Net eCommerce revenue split by sub-category

in %
20202021202220232024202520262027
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)59.85.74.56.634.630.261.188.5

Online share

eCommerce online share of the total Other Accessories market in Latvia

The online share refers to the proportion of the retail volume that is transacted via the Internet. It includes purchases via desktop PC, tablet or smartphone, both via website or app. Only retail of physical goods is taken into account. In the Latvian Other Accessories retail market, the online share is 50.5% and will increase by an average of 5.1% to 61.7% by 2028.

eCommerce online share of the total Other Accessories market in Latvia

in %
20202021202220232024202520262027
Online share (in %)38.5%10.2%78.9%19.0%3.3%58.3%74.9%76.7%

Market definition

Definition of the Other Accessories market within the Fashion market

Market definition: Fashion > Bags & Accessories > Fashion Accessories > Other Accessories The category Other Accessories includes the online trade of gloves, umbrellas, keychains, and more. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Gloves
  • Umbrellas
  • Keychains
  • Handkerchiefs
  • Ties and neckties
  • Cufflinks