Apparel Retail in Philippines
Summary
Apparel Retail in Philippines industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The apparel retail market is segmented into childrenswear, menswear, and womenswear. The market value represents retail sales.
- The Filipino apparel retail industry recorded revenues of $5.9 billion in 2023, representing a negative compound annual growth rate (CAGR) of 0.2% between 2018 and 2023.
- The womenswear segment accounted for the industry's largest proportion in 2023, with total revenues of $3.1 billion, equivalent to 53.1% of the industry's overall value.
- The apparel retail industry in the Philippines faced a significant contraction in 2023, primarily driven by rising inflation and economic instability. Inflation in the country surged to 6.0% in 2023, according to the Philippine Statistics Authority, eroding consumers' purchasing power and leading to reduced spending on non-essential goods like clothing.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the apparel retail market in Philippines
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the apparel retail market in Philippines
- Leading company profiles reveal details of key apparel retail market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Philippines apparel retail market with five year forecasts by both value and volume
- What was the size of the Philippines apparel retail market by value in 2023?
- What will be the size of the Philippines apparel retail market in 2028?
- What factors are affecting the strength of competition in the Philippines apparel retail market?
- How has the market performed over the last five years?
- Who are the top competitors in Philippines's apparel retail market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 4.3. Market distribution
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strategies of the leading players?
- 7.3. What are the strengths of the leading players?
- 8 Company Profiles
- 8.1. Fast Retailing Co Ltd
- 8.2. SM Investments Corp
- 8.3. Robinsons Retail Holdings Inc
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Philippines apparel retail industry value: $ million, 2018-23
- Table 2: Philippines apparel retail industry category segmentation: % share, by value, 2018-23
- Table 3: Philippines apparel retail industry category segmentation: $ million, 2018-23
- Table 4: Philippines apparel retail industry geography segmentation: $ million, 2023
- Table 5: Philippines apparel retail industry distribution: % share, by value, 2023
- Table 6: Philippines apparel retail industry value forecast: $ million, 2023-28
- Table 7: Fast Retailing Co Ltd: key facts
- Table 8: Fast Retailing Co Ltd: Annual Financial Ratios
- Table 9: Fast Retailing Co Ltd: Key Employees
- Table 10: Fast Retailing Co Ltd: Key Employees Continued
- Table 11: Fast Retailing Co Ltd: Key Employees Continued
- Table 12: SM Investments Corp: key facts
- Table 13: SM Investments Corp: Annual Financial Ratios
- Table 14: SM Investments Corp: Key Employees
- Table 15: Ant Plc (Inactive): key facts
- Table 16: Robinsons Retail Holdings Inc: key facts
- Table 17: Robinsons Retail Holdings Inc: Annual Financial Ratios
- Table 18: Robinsons Retail Holdings Inc: Key Employees
- Table 19: Robinsons Retail Holdings Inc: Key Employees Continued
- Table 20: Philippines Size of Population (million), 2019-23
- Table 21: Philippines real GDP (Constant 2010 Prices, $ billion), 2019-23
- Table 22: Philippines GDP (Current Prices, $ Billion), 2019-23
- Table 23: Philippines Inflation, 2019-23
- Table 24: Philippines Consumer Price Index (Absolute), 2019-23
- Table 25: Philippines exchange rate, 2018-23
- List of Figures
- Figure 1: Philippines apparel retail industry value: $ million, 2018-23
- Figure 2: Philippines apparel retail industry category segmentation: $ million, 2018-23
- Figure 3: Philippines apparel retail industry geography segmentation: % share, by value, 2023
- Figure 4: Philippines apparel retail industry distribution: % share, by value, 2023
- Figure 5: Philippines apparel retail industry value forecast: $ million, 2023-28
- Figure 6: Forces driving competition in the apparel retail industry in Philippines, 2023
- Figure 7: Drivers of buyer power in the apparel retail industry in Philippines, 2023
- Figure 8: Drivers of supplier power in the apparel retail industry in Philippines, 2023
- Figure 9: Factors influencing the likelihood of new entrants in the apparel retail industry in Philippines, 2023
- Figure 10: Factors influencing the threat of substitutes in the apparel retail industry in Philippines, 2023
- Figure 11: Drivers of degree of rivalry in the apparel retail industry in Philippines, 2023
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