Philippines Apparel Retail Market Summary, Competitive Analysis and Forecast, 2017-2026
Summary
Apparel Retail in Philippines industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-21, and forecast to 2026). 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 includes baby clothing, toddler clothing and casual wear, essentials, formalwear, formalwear-occasion, and outerwear for men, women, boys and girls; excludes sports-specific clothing. All market data and forecasts are represented as a consumer expenditure in retailers which includes sales taxes (e.g. VAT) and figures presented are in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2021 annual average exchange rates.
- The Filipino apparel retail industry had total revenues of $6.6 billion in 2021, representing a compound annual growth rate (CAGR) of 4.7% between 2017 and 2021.
- Department stores account for the largest proportion of sales in the Filipino apparel retail industry in 2021, sales through this channel generated $2.5 billion, equivalent to 37.3% of the industry's overall value.
- In 2021, due to the vaccination rollout and measures to reopen the economy, many of the restrictions imposed due to COVID-19 were lifted, thereby boosting the economic recovery and driving a resurgence of consumption.
- 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 2021?
- What will be the size of the Philippines apparel retail market in 2026?
- 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 strategies do leading players follow?
- 7.3. What are the strengths of leading players?
- 8 Company Profiles
- 8.1. Fast Retailing Co Ltd
- 8.2. SM Investments Corp
- 8.3. H & M Hennes & Mauritz AB
- 8.4. 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, 2016–21
- Table 2: Philippines apparel retail industry category segmentation: % share, by value, 2016–2021
- Table 3: Philippines apparel retail industry category segmentation: $ million, 2016-2021
- Table 4: Philippines apparel retail industry geography segmentation: $ million, 2021
- Table 5: Philippines apparel retail industry distribution: % share, by value, 2021
- Table 6: Philippines apparel retail industry value forecast: $ million, 2021–26
- 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: H & M Hennes & Mauritz AB: key facts
- Table 16: H & M Hennes & Mauritz AB: Annual Financial Ratios
- Table 17: H & M Hennes & Mauritz AB: Key Employees
- Table 18: H & M Hennes & Mauritz AB: Key Employees Continued
- Table 19: Robinsons Retail Holdings Inc: key facts
- Table 20: Robinsons Retail Holdings Inc: Annual Financial Ratios
- Table 21: Robinsons Retail Holdings Inc: Key Employees
- Table 22: Robinsons Retail Holdings Inc: Key Employees Continued
- Table 23: Philippines size of population (million), 2017–21
- Table 24: Philippines gdp (constant 2005 prices, $ billion), 2017–21
- Table 25: Philippines gdp (current prices, $ billion), 2017–21
- Table 26: Philippines inflation, 2017–21
- Table 27: Philippines consumer price index (absolute), 2017–21
- Table 28: Philippines exchange rate, 2017–21
- List of Figures
- Figure 1: Philippines apparel retail industry value: $ million, 2016–21
- Figure 2: Philippines apparel retail industry category segmentation: $ million, 2016-2021
- Figure 3: Philippines apparel retail industry geography segmentation: % share, by value, 2021
- Figure 4: Philippines apparel retail industry distribution: % share, by value, 2021
- Figure 5: Philippines apparel retail industry value forecast: $ million, 2021–26
- Figure 6: Forces driving competition in the apparel retail industry in Philippines, 2021
- Figure 7: Drivers of buyer power in the apparel retail industry in Philippines, 2021
- Figure 8: Drivers of supplier power in the apparel retail industry in Philippines, 2021
- Figure 9: Factors influencing the likelihood of new entrants in the apparel retail industry in Philippines, 2021
- Figure 10: Factors influencing the threat of substitutes in the apparel retail industry in Philippines, 2021
- Figure 11: Drivers of degree of rivalry in the apparel retail industry in Philippines, 2021
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