Philippines: Non-Knitted Women Apparel Market 2022

Non-Knitted Women Apparel Market Size in the Philippines

In 2021, after three years of growth, there was decline in the Philippine non-knitted women apparel market, when its value decreased by -X% to $X. In general, consumption enjoyed prominent growth. Over the period under review, the market attained the peak level at $X in 2020, and then fell in the following year.

Non-Knitted Women Apparel Production in the Philippines

In value terms, non-knitted women apparel production shrank significantly to $X in 2021 estimated in export price. In general, production, however, recorded a resilient increase. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then declined sharply in the following year.

Non-Knitted Women Apparel Exports

Exports from the Philippines

In 2021, non-knitted women apparel exports from the Philippines declined to X units, with a decrease of -X% compared with the previous year. Overall, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, non-knitted women apparel exports rose notably to $X in 2021. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for non-knitted women apparel exports from the Philippines, with a X% share of total exports. Moreover, non-knitted women apparel exports to the United States exceeded the volume sent to the second major destination, Japan (X units), threefold. The third position in this ranking was taken by South Korea (X units), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-X% per year) and South Korea (+X% per year).

In value terms, the United States ($X) remains the key foreign market for non-knitted women apparel exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-X% per year) and the UK (-X% per year).

Export Prices by Country

In 2021, the average non-knitted women apparel export price amounted to $X per unit, jumping by X% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-knitted women apparel export price increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Knitted Women Apparel Imports

Imports into the Philippines

In 2021, approx. X units of women's or girls' clothing (not knitted or crocheted) were imported into the Philippines; rising by X% against the previous year's figure. Overall, imports posted a significant increase. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, non-knitted women apparel imports soared to $X in 2021. In general, imports posted significant growth. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest non-knitted women apparel supplier to the Philippines, accounting for a X% share of total imports. Moreover, non-knitted women apparel imports from China exceeded the figures recorded by the second-largest supplier, Bangladesh (X units), tenfold. The third position in this ranking was taken by Vietnam (X units), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +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 ($X) constituted the largest supplier of non-knitted women apparel to the Philippines, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Bangladesh (+X% per year).

Import Prices by Country

The average non-knitted women apparel import price stood at $X per unit in 2021, surging by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Morocco ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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