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Philippines - Apparel Of Leather Or Of Composition Leather - Market Analysis, Forecast, Size, Trends and Insights
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Philippines: Leather Apparel Market Overview 2021

Leather Apparel Market Size in the Philippines

The Philippine leather apparel market totaled $X in 2020, approximately mirroring the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Leather apparel consumption peaked at $X in 2012; however, from 2013 to 2020, consumption failed to regain the momentum.

Leather Apparel Production in the Philippines

In value terms, leather apparel production totaled $X in 2020 estimated in export prices. Overall, the total production indicated a temperate increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2016 indices. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Leather apparel production peaked in 2020 and is expected to retain growth in years to come.

Leather Apparel Exports

Exports from the Philippines

Leather apparel exports from the Philippines totaled X units in 2020, surging by X% on the previous year's figure. Over the period under review, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, exports reached the peak of X units. from 2019 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, leather apparel exports rose markedly to $X in 2020. Overall, exports showed strong growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in years to come.

Exports by Country

Germany (X units), Japan (X units) and France (X units) were the main destinations of leather apparel exports from the Philippines, with a combined X% share of total exports. The U.S., Luxembourg, Italy, Belarus, Chile and Spain lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in Belarus (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for leather apparel exported from the Philippines were Germany ($X), Italy ($X) and Japan ($X), together comprising X% of total exports. These countries were followed by France, Luxembourg, the U.S., Chile, Spain and Belarus, which together accounted for a further X (+X% per year) saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average leather apparel export price stood at $X per unit in 2020, growing by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average export prices hit record highs in 2020 and is likely to see steady growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per unit), while the average price for exports to Belarus ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced more modest paces of growth.

Leather Apparel Imports

Imports into the Philippines

In 2020, purchases abroad of apparel of leather or of composition leather increased by X% to X units, rising for the fourth consecutive year after three years of decline. In general, imports enjoyed a tangible increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X units in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

In value terms, leather apparel imports expanded rapidly to $X in 2020. Over the period under review, imports posted a resilient increase. The pace of growth was the most pronounced in 2009 when imports increased by X% year-to-year. Imports peaked at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Hong Kong SAR (X units), China (X units) and Singapore (X units) were the main suppliers of leather apparel imports to the Philippines, with a combined X% share of total imports. Italy, Malaysia, Spain and the Netherlands lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest leather apparel suppliers to the Philippines were China ($X), Singapore ($X) and Italy ($X), with a combined X% share of total imports. Hong Kong SAR, Spain, the Netherlands and Malaysia lagged somewhat behind, together accounting for a further X terms of the main suppliers, Malaysia (+X% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average leather apparel import price stood at $X per unit in 2020, which is down by -X% against the previous year. In general, the import price, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2016 an increase of X% y-o-y. As a result, import price reached the peak level of $X per unit. from 2017 to 2020, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for apparel of leather or of composition leather in the world?
+
China (115M units) constituted the country with the largest volume of leather apparel consumption, comprising approx. 51% of total volume. Moreover, leather apparel consumption in China exceeded the figures recorded by the second-largest consumer, Italy (14M units), eightfold. India (9.9M units) ranked third in terms of total consumption with a 4.4% share.
What are the largest producers of apparel of leather or of composition leather in the world?
+
China (118M units) remains the largest leather apparel producing country worldwide, comprising approx. 52% of total volume. Moreover, leather apparel production in China exceeded the figures recorded by the second-largest producer, India (15M units), eightfold. Italy (14M units) ranked third in terms of total production with a 6.3% share.
What are the leading suppliers of apparel of leather or of composition leather to the Philippines?
+
In value terms, the largest leather apparel suppliers to the Philippines were China ($218K), Singapore ($196K) and Italy ($101K), with a combined 63% share of total imports. Hong Kong SAR, Spain, the Netherlands and Malaysia lagged somewhat behind, together accounting for a further 21%.
What are the leading importers of apparel of leather or of composition leather from the Philippines?
+
In value terms, Germany ($2.5M), Italy ($1.8M) and Japan ($1.5M) appeared to be the largest markets for leather apparel exported from the Philippines worldwide, together accounting for 65% of total exports. These countries were followed by France, Luxembourg, the U.S., Chile, Spain and Belarus, which together accounted for a further 24%.
What is the average export price for apparel of leather or of composition leather in the Philippines?
+
In 2020, the average leather apparel export price amounted to $182 per unit, with an increase of 7.3% against the previous year.
What is the average import price for apparel of leather or of composition leather in the Philippines?
+
In 2020, the average leather apparel import price amounted to $75 per unit, waning by -16.6% against the previous year.

Product coverage:
• Prodcom 14111000 - Articles of apparel of leather or of composition leather (including coats and overcoats) (excluding clothing accessories, headgear, footwear)

This report provides an in-depth analysis of the leather apparel market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Philippines

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the Philippines
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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