Market Insights Consumer Apparel Men's Apparel

Coats & Jackets - Philippines

Philippines

The revenue generated in the Coats & Jackets market in the Philippines amounted to US$117.80m in 2024.
It is projected that the market will experience an annual growth rate of 3.50% (CAGR 2024-2029).
When compared to other countries globally, in China generates the highest revenue in the Coats & Jackets market, reaching US$10,570m in 2024.
In terms of per capita revenue, each individual in the Philippines is expected to generate US$0.99 in 2024.
Looking ahead, the volume in the Coats & Jackets market is estimated to reach 1.2m pieces by 2029.
However, there is a slight projected volume decrease of -1.2% in 2025.
On average, each person in the Philippines is expected to contribute a volume of 0.0pieces in the Coats & Jackets market in 2024.
Despite the warm climate in the Philippines, there is a growing demand for lightweight and breathable coats and jackets for protection against sudden rain showers.

Key regions: Indonesia, Malaysia, Germany, Philippines, Australia

Market

Region

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Currency

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.