Philippines: Non-Knitted Women Apparel Market 2024

Non-Knitted Women Apparel Market Size in the Philippines

The Philippine non-knitted women apparel market surged to $X in 2023, picking up by X% against the previous year. Overall, consumption enjoyed a strong increase. Over the period under review, the market reached the maximum level in 2023 and is likely to see gradual growth in the near future.

Non-Knitted Women Apparel Production in the Philippines

In value terms, non-knitted women apparel production surged to $X in 2023 estimated in export price. Over the period under review, production recorded a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of X%. Non-knitted women apparel production peaked in 2023 and is likely to see steady growth in the near future.

Non-Knitted Women Apparel Exports

Exports from the Philippines

In 2023, approx. X units of women's or girls' clothing (not knitted or crocheted) were exported from the Philippines; with a decrease of X% against the year before. Overall, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2019 with an increase of X%. The exports peaked at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, non-knitted women apparel exports expanded modestly to $X in 2023. Over the period under review, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for non-knitted women apparel exports from the Philippines, accounting for a X% share of total exports. Moreover, non-knitted women apparel exports to the United States exceeded the volume sent to the second major destination, Japan (X units), fourfold. The UK (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and the UK (X% per year).

In value terms, the United States ($X) remains the key foreign market for women's or girls' clothing (not knitted or crocheted) exports from the Philippines, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Japan (X% per year).

Export Prices by Country

In 2023, the average non-knitted women apparel export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price continues to indicate measured growth. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to South Korea ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Knitted Women Apparel Imports

Imports into the Philippines

In 2023, purchases abroad of women's or girls' clothing (not knitted or crocheted) increased by X% to X units, rising for the second year in a row after four years of decline. Over the period under review, imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, non-knitted women apparel imports expanded markedly to $X in 2023. In general, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2022 with an increase of X%. Imports peaked in 2023 and are expected to retain growth in the near future.

Imports by Country

In 2023, China (X units) constituted the largest non-knitted women apparel supplier to the Philippines, with a X% share of total imports. Moreover, non-knitted women apparel imports from China exceeded the figures recorded by the second-largest supplier, Bangladesh (X units), more than tenfold. The third position in this ranking was taken by Vietnam (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Vietnam (X% per year).

In value terms, China ($X) constituted the largest supplier of women's or girls' clothing (not knitted or crocheted) to the Philippines, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by Bangladesh, with an X% share.

From 2012 to 2023, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Bangladesh (X% per year).

Import Prices by Country

The average non-knitted women apparel import price stood at $X per unit in 2023, waning by X% against the previous year. Over the period under review, the import price saw a pronounced descent. The pace of growth was the most pronounced in 2022 an increase of X% 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 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform