Philippines: Baby Clothes Market 2024

Baby Clothes Market Size in the Philippines

In 2022, the Philippine baby clothes market decreased by -0.4% to $X for the first time since 2017, thus ending a four-year rising trend. Over the period under review, consumption saw a noticeable expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then declined slightly in the following year.

Baby Clothes Production in the Philippines

In value terms, baby clothes production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible reduction. The growth pace was the most rapid in 2018 when the production volume increased by 53%. Baby clothes production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Baby Clothes Exports

Exports from the Philippines

For the third year in a row, the Philippines recorded decline in overseas shipments of babies clothing and accessories (not knitted or crocheted), which decreased by -2.1% to X tons in 2022. In general, exports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2014 with an increase of 71%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, baby clothes exports declined sharply to $X in 2022. Overall, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 62% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for baby clothes exports from the Philippines, with a 52% share of total exports. Moreover, baby clothes exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. The UK (X tons) ranked third in terms of total exports with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to -29.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-11.9% per year) and the UK (-14.3% per year).

In value terms, the United States ($X) remains the key foreign market for babies clothing and accessories (not knitted or crocheted) exports from the Philippines, comprising 52% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 22% share of total exports. It was followed by the UK, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-5.6% per year) and the UK (-11.1% per year).

Export Prices by Country

The average baby clothes export price stood at $X per ton in 2022, with a decrease of -17.8% against the previous year. In general, the export price, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 104% against the previous year. The export price peaked at $X per ton in 2021, and then declined remarkably in the following year.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to South Korea ($X per ton) and Japan ($X per ton), while the average price for exports to Spain ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+24.6%), while the prices for the other major destinations experienced more modest paces of growth.

Baby Clothes Imports

Imports into the Philippines

In 2022, after seven years of decline, there was significant growth in overseas purchases of babies clothing and accessories (not knitted or crocheted), when their volume increased by 27% to X tons. Overall, imports, however, showed a dramatic setback. The growth pace was the most rapid in 2013 when imports increased by 256%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, baby clothes imports surged to $X in 2022. In general, imports, however, showed a pronounced reduction. The growth pace was the most rapid in 2014 when imports increased by 242%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Bangladesh (X tons) and Japan (X tons) were the main suppliers of baby clothes imports to the Philippines, together accounting for 68% of total imports. India, Turkey, Myanmar, the United Arab Emirates, Spain and Hong Kong SAR lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +88.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Bangladesh ($X) and Japan ($X) appeared to be the largest baby clothes suppliers to the Philippines, together accounting for 68% of total imports. India, Turkey, Myanmar, the United Arab Emirates, Spain and Hong Kong SAR lagged somewhat behind, together accounting for a further 21%.

In terms of the main suppliers, Turkey, with a CAGR of +86.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average baby clothes import price amounted to $X per ton, remaining constant against the previous year. In general, the import price, however, showed a significant increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 217%. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+51.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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