Sports & Swimwear - Philippines

  • Philippines
  • In 2024, the revenue in the Sports & Swimwear market in the Philippines amounts to ₱€62.04m.
  • It is projected to grow annually by 4.98% from 2024 to 2028 (CAGR 2024-2028).
  • In comparison to other countries, in the United States generates the highest revenue in the Sports & Swimwear market, reaching ₱€21,340m in 2024.
  • When considering the population, the per person revenues in the Philippines Sports & Swimwear market amount to ₱€0.52 in 2024.
  • By 2028, the volume in the Sports & Swimwear market is expected to reach 1.6m pieces units in the Philippines.
  • Additionally, there is an anticipated volume growth of 2.1% units in 2025.
  • The average volume per person in the Sports & Swimwear market is projected to be 0.0pieces units in the Philippines in 2024.
  • The sports and swimwear market in the Philippines is experiencing a surge in demand for trendy, lightweight and UV-protective apparel.

Key regions: India, China, Malaysia, Singapore, Australia

 
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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
  • Key Players
  • Volume
  • Price
  • Global Comparison
  • Methodology
  • Key Market Indicators
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