Fashion market in Latvia
The Latvian Fashion eCommerce market is predicted to reach US$118.5 million by 2024 and accounts for 17.2% 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 -1.7%, resulting in a projected market volume of US$110.7 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 Hip & Fanny Packs market in Latvia
The Latvian Hip & Fanny Packs eCommerce market is predicted to reach US$0.5 million by 2024 and accounts for 10.7% of the Luggage & Bags eCommerce market in Latvia. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 3.0%, resulting in a projected market volume of US$0.6 million by 2028. The Hip & Fanny Packs eCommerce market is a sub-market of the Luggage & Bags market. Further categories within the Luggage & Bags market are: Backpacks & Daypacks, Handbags, Other Luggage & Bags, and Suitcases.
eCommerce revenue development in the Hip & Fanny Packs market in Latvia
eCommerce revenue growth in the Hip & Fanny Packs market in Latvia
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 90.3 | 83.0 | 52.7 | 56.7 | 34.5 | 28.8 | 47.5 | 90.4 |
Market definition
Definition of the Hip & Fanny Packs market within the Fashion market
Market definition: Fashion > Bags & Accessories > Luggage & Bags > Hip & Fanny Packs The category Hip & Fanny Packs includes the online trade of fanny packs, belt bags and hip packs. This category does not cover backpacks and daypacks and handbags. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Fanny packs
- Belt bags
- Hip packs
Out-of-scope
- Backpacks and daypacks
- Handbags
Market comparison
The Latvian Hip & Fanny Packs market in a global comparison
Market comparison by growth, online share, and revenue in 2023
Select sub-category