Philippines: Jersey Market 2024

Jersey Market Size in the Philippines

The Philippine jersey market rose sharply to $X in 2022, surging by X% against the previous year. Overall, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the near future.

Jersey Production in the Philippines

In value terms, jersey production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Jersey production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Jersey Exports

Exports from the Philippines

In 2022, the amount of jerseys, pullovers, cardigans and similar articles exported from the Philippines fell modestly to X units, shrinking by X% against 2021. Over the period under review, exports continue to indicate a slight shrinkage. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, jersey exports skyrocketed to $X in 2022. Overall, exports recorded a pronounced reduction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for jersey exports from the Philippines, accounting for a X% share of total exports. It was followed by Taiwan (Chinese) (X units), with a X% share of total exports. The third position in this ranking was held by South Korea (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

In value terms, the United States ($X) remains the key foreign market for jerseys, pullovers, cardigans and similar articles exports from the Philippines, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Export Prices by Country

The average jersey export price stood at $X per unit in 2022, growing by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

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

Jersey Imports

Imports into the Philippines

In 2022, after four years of decline, there was significant growth in supplies from abroad of jerseys, pullovers, cardigans and similar articles, when their volume increased by X% to X units. Over the period under review, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, jersey imports soared to $X in 2022. Overall, imports recorded a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest jersey supplier to the Philippines, with a X% share of total imports. Moreover, jersey imports from China exceeded the figures recorded by the second-largest supplier, Bangladesh (X units), more than tenfold. Vietnam (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms 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 ($X) constituted the largest supplier of jerseys, pullovers, cardigans and similar articles to the Philippines, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by Bangladesh, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms 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

In 2022, the average jersey import price amounted to $X per unit, reducing by X% against the previous year. Overall, the import price recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 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 Turkey ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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