Fashion market in Latvia

Market development

eCommerce revenue development in the Suitcases market in Latvia

The Latvian Suitcases eCommerce market is predicted to reach US$0.6 million by 2024 and accounts for 11.5% of the Luggage & Bags 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 -2.2%, resulting in a projected market volume of US$0.6 million by 2028. The Suitcases eCommerce market is a sub-market of the Luggage & Bags market. Further categories within the Luggage & Bags market are: Backpacks & Daypacks, Handbags, Hip & Fanny Packs, and Other Luggage & Bags.

eCommerce revenue development in the Suitcases market in Latvia

in million US$

eCommerce revenue growth in the Suitcases market in Latvia

in %
20202021202220232024202520262027
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)15.756.441.220.923.457.684.623.3

Online share

eCommerce online share of the total Suitcases 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 Suitcases retail market, the online share is 50.3% and will increase by an average of 5.6% to 62.7% by 2028.

eCommerce online share of the total Suitcases market in Latvia

in %
20202021202220232024202520262027
Online share (in %)26.9%97.8%84.2%63.3%78.2%52.9%31.6%28.2%

Market definition

Definition of the Suitcases market within the Fashion market

Market definition: Fashion > Bags & Accessories > Luggage & Bags > Suitcases The category Suitcases includes the online trade of suitcases (e.g. carry-on suitcases, hardside suitcases, softside suitcases, spinner suitcases). This category does not cover backpacks and daypacks and gym bags. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Suitcases (e.g. carry-on suitcases, hardside suitcases, softside suitcases, spinner suitcases)

Out-of-scope

  • Backpacks and daypacks
  • Gym bags