Baby Clothes - Philippines

  • Philippines
  • In 2024, the Baby Clothes market in the Philippines generated a revenue of €191.00m.
  • It is projected to have an annual growth rate of 2.75% (CAGR 2024-2029).
  • When compared globally, in the United States leads with a revenue of €7,556m in 2024.
  • In terms of per person revenue, the Baby Clothes market in the Philippines generated €1.60 in 2024.
  • Looking ahead, the volume in the Baby Clothes market is expected to reach 21.3m pieces by 2029.
  • However, there is a forecasted volume decline of -2.8% in 2025.
  • On average, each person in the Philippines is expected to contribute 0.2pieces to the volume of the Baby Clothes market in 2024.
  • Despite economic challenges, the demand for high-quality and affordable baby clothes in the Philippines remains strong, driving growth in the local market.

Key regions: Indonesia, Europe, India, Philippines, Singapore

 
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Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on the consumer spending on clothing which comprises women, men, and children segments that are produced for private end customers for both offline retail (department stores, traditional specialist shops) and online retail (e-commerce, ordering by catalog).

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use resources from the Statista platform, national statistics, industry research, market data from independent databases and third-party sources, historical developments, current trends, reported performance indicators from the key market players, and Statista interviews with market experts. Next we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, consumer price index and population. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the exponential trend smoothing illustrates suited forecasting for the Apparel market with projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional Notes :

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.

Visión general

  • Revenue
  • Sales Channels
  • Volume
  • Key Players
  • Price
  • Global Comparison
  • Methodology
  • Key Market Indicators
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