Blazers - Philippines

  • Philippines
  • The Blazers market in the Philippines is projected to generate a revenue of €105.70m in 2024.
  • This market is anticipated to experience an annual growth rate of 1.82% (CAGR 2024-2028).
  • In comparison to other countries, in China leads the way with a revenue of €22,450m in 2024.
  • Looking at the revenue per person, it is estimated to reach €0.89 in 2024.
  • As for volume, the Blazers market is expected to reach 1.2m pieces by 2028.
  • However, there might be a slight decline in volume growth, with a projected -2.6% rate in 2025.
  • On average, each person in the Blazers market is predicted to contribute 0.0pieces in volume in 2024.
  • Blazers in the Philippines are experiencing a surge in popularity, as more professionals embrace the stylish and polished look for business and formal occasions.

Key regions: Indonesia, Singapore, United States, China, Germany

 
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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
  • Price
  • Global Comparison
  • Methodology
  • Key Market Indicators
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