Market Insights Consumer Apparel Men's Apparel

T-Shirts - Philippines

Philippines

The T-Shirts market in the Philippines is projected to generate a revenue of ₱€120.70m in 2024.
This market is anticipated to experience an annual growth rate of 4.09% from 2024 to 2028 (CAGR 2024-2028).
When compared globally, in China leads the market, generating a revenue of ₱€5,412m in 2024.
In terms of per capita income, each person in the Philippines is expected to generate ₱€1.01 in revenue from the T-Shirts market in 2024.
Looking ahead to 2028, the volume of the T-Shirts market is projected to reach 7.5m pieces units.
In 2025, there is an expected volume growth of 0.3% units.
On average, each person in the Philippines is projected to purchase 0.1pieces units in the T-Shirts market in 2024.
The demand for custom-designed T-shirts is on the rise in the Philippines, as consumers seek unique and personalized fashion options.

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

Mercado

Región

Comparación de regiones

Moneda

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.