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Clothing, Textiles & Footwear Wholesaling in Latvia - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

LV-G4641 March 2024 Factsheet

Revenue

€221.1m

2019-2024 0.9 %
2024-2029 X.X %

Employees

1,143

2019-2024 1.3 %
2024-2029 X.X %

Businesses

246

2019-2024 3.0 %
2024-2029 X.X %

Wages

€XX.Xm

2019-2024 X.X %
2024-2029 X.X %

Clothing, Textiles & Footwear Wholesaling in Latvia market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Latvia compared to Europe?

Country Benchmarking

Industry Data Latvia

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#29 In Europe
Business
#28 In Europe
Employees
#27 In Europe
Wages
#30 In Europe

The Clothing, Textiles & Footwear Wholesaling in Latvia ranks 29 in Europe with regards to its 2024 revenue (€221.1m). Revenue received by operators in Latvia has been low in volatility over the past five-year period, with the average annual change in revenue (0.9 %) most comparable to...

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Enterprises
Number of businesses in 2024

Revenue per Enterprise
Value (€ Million) in 2024

Top Questions Answered in this Report

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What is the market size of the Clothing, Textiles & Footwear Wholesaling industry in Latvia in 2024?

The market size of the Clothing, Textiles & Footwear Wholesaling industry in Latvia is €221.1m in 2024. 

How many businesses are there in the Clothing, Textiles & Footwear Wholesaling in Latvia industry in 2024?

There are 246 businesses in the Clothing, Textiles & Footwear Wholesaling industry in Latvia, which has declined at a CAGR of 3.0 % between 2019 and 2024.

Has the Clothing, Textiles & Footwear Wholesaling industry in Latvia grown or declined over the past 5 years?

The market size of the Clothing, Textiles & Footwear Wholesaling industry in Latvia has been declining at a CAGR of 3.0 % between 2019 and 2024. 

What is the forecast growth of the Clothing, Textiles & Footwear Wholesaling industry in Latvia over the next 5 years?

Over the next five years, the Clothing, Textiles & Footwear Wholesaling industry in Latvia is expected to decline.

What are the biggest companies in the Clothing, Textiles & Footwear Wholesaling market in Latvia?

The biggest companies operating in the Clothing, Textiles & Footwear Wholesaling market in Latvia are Puma SE, Burberry Group plc and LVMH Moët Hennessy Louis Vuitton SE

What does the Clothing, Textiles & Footwear Wholesaling in Latvia include?

Clothing and Footwear are part of the Clothing, Textiles & Footwear Wholesaling industry.

Which companies have the highest market share in the Clothing, Textiles & Footwear Wholesaling in Latvia?

The company holding the most market share in Latvia is Puma SE.

How competitive is the Clothing, Textiles & Footwear Wholesaling industry in Latvia?

The level of competition is moderate and increasing in the Clothing, Textiles & Footwear Wholesaling industry in Latvia.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

The industry wholesales clothing, textiles and footwear, including sports clothing and accessories like gloves and ties. It distributes these goods to retailers and other entities for resale.

What's included in this industry?

ClothingFootwearTextilesFur products and other accessories

Industry Code

ISIC 2006

4641 - Wholesale of textiles, clothing and footwear in Latvia

Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Current Performance

Charts
  • Revenue in the Clothing, Textiles & Footwear Wholesaling in Latvia
  • Employees in the Clothing, Textiles & Footwear Wholesaling in Latvia
  • Business in the Clothing, Textiles & Footwear Wholesaling in Latvia
  • Profit in the Clothing, Textiles & Footwear Wholesaling in Latvia

Current Performance

Analysis

How does this country's performance compare to Europe?


Life Cycle

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

International Trade

Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power
ANALYSIS

What is the competitive landscape in Europe?

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Businesses must comply with the EU GDPR for data handling. This includes having a detailed website statement about data protection and nominating a contactable data protection officer.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Clothing, Textiles & Footwear Wholesaling in Latvia industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

The wholesale industry faces intense competition and cost pressures. As digitalisation boosts competition and purchase and warehousing costs soar, wholesalers benefit from meeting rising demand for durable, sustainable fashion.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Clothing, Textiles & Footwear Wholesaling in Latvia industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.