Philippines: T-Shirt Market 2025

T-Shirt Market Size in the Philippines

In 2022, the Philippine t-shirt market decreased by -26.9% to $X, falling for the third year in a row after three years of growth. Overall, consumption recorded a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

T-Shirt Production in the Philippines

In value terms, t-shirt production shrank markedly to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced descent. The growth pace was the most rapid in 2013 with an increase of 27%. Over the period under review, production attained the peak level at $X in 2021, and then reduced rapidly in the following year.

T-Shirt Exports

Exports from the Philippines

In 2022, shipments abroad of t-shirts decreased by -43.3% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports continue to indicate a slight descent. The pace of growth appeared the most rapid in 2021 when exports increased by 750%. As a result, the exports attained the peak of X units, and then fell dramatically in the following year.

In value terms, t-shirt exports fell remarkably to $X in 2022. In general, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 56% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Japan (X units), the United States (X units) and South Korea (X units) were the main destinations of t-shirt exports from the Philippines, with a combined 79% share of total exports. Marshall Islands, Mexico, Northern Mariana Islands and the UK lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Northern Mariana Islands (with a CAGR of +73.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for t-shirt exported from the Philippines were the United States ($X), Japan ($X) and South Korea ($X), with a combined 83% share of total exports. Mexico, Marshall Islands, Northern Mariana Islands and the UK lagged somewhat behind, together accounting for a further 6.3%.

In terms of the main countries of destination, Northern Mariana Islands, with a CAGR of +14.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average t-shirt export price amounted to $X per unit, approximately equating the previous year. Over the period under review, the export price, however, faced a deep reduction. The growth pace was the most rapid in 2015 an increase of 14% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 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 the United States ($X per unit), while the average price for exports to Marshall Islands ($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 the United States (-7.2%), while the prices for the other major destinations experienced a decline.

T-Shirt Imports

Imports into the Philippines

In 2022, overseas purchases of t-shirts were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a deep contraction. The pace of growth was the most pronounced in 2019 when imports increased by 53% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, t-shirt imports skyrocketed to $X in 2022. Overall, imports, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in 2019 with an increase of 61% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of t-shirt to the Philippines, accounting for a 83% share of total imports. Moreover, t-shirt imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), more than tenfold. The third position in this ranking was taken by India (X units), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-5.3% per year) and India (+0.8% per year).

In value terms, China ($X) constituted the largest supplier of t-shirts to the Philippines, comprising 76% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with an 11% share of total imports. It was followed by India, with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-5.8% per year) and India (-4.5% per year).

Import Prices by Country

The average t-shirt import price stood at $X per unit in 2022, rising by 6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2020 when the average import price increased by 22% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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