Product Code: ETC036409 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Philippines Knitted Fabric market currently, in 2023, has witnessed an HHI of 2700, Which has increased slightly as compared to the HHI of 1818 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Philippines knitted fabric market is forecasted to register a CAGR of 5.9% during the forecast period (2025-2031). Growing demand for activewear and athleisure apparel, increasing investments, and the changing lifestyle are some of the major factors driving the growth of this market in the country. Moreover, increasing disposable income has led to an increase in spending on fashionable garments which is further expected to drive the Philippine knitted fabric market over the projected time frame
With growing fitness awareness among people, there is increased demand for performance apparel like workout tights and sports bras that require breathable fabrics such as knits. This trend has enabled manufacturers to develop innovative products using advanced technology such as moisture wicking, UV protection, etc., which adds a high value proposition while choosing these garments. Additionally, several large companies have started investing heavily into research & development activities in order to introduce newer varieties of fabrics with improved features according to customer preferences. As a result, they are able to provide quality products at competitive prices that fulfil customer requirements better than before leading towards greater product sales within their respective markets.
An increase in disposable incomes over recent years has enabled people from all walks of life including middle class families also become more fashion conscious than ever before resulting in higher expenditure on fashionable clothing items made from knitted fabrics compared to other woven materials like twill or poplin etc.. This factor plays an important role in growing demand leading towards its popularity amongst consumers across different countries world wide including Philippines too due it its versatility & comfort level associated with it when worn against skin directly without any inner lining requirement thus making them ideal choice for summer wear collections especially short dresses & skirts etc
Manufacturers face challenges related with higher production costs while producing knitwear as compared other woven materials like twills or poplins due presence multiple processes involved during entire procedure along side yarn dyeing process prior actual knitting part itself thus adding additional burden onto pocket already burdened producers who generally tend pass cost benefit end consumer finally resulting lesser profits margins them eventually hampering overall sustainability industry long run if issue not addressed timely manner properly effectually eventually lead lower sales volumes both retailers well manufacturers themselves causing closure
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Knitted Fabric Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Knitted Fabric Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Knitted Fabric Market - Industry Life Cycle |
3.4 Philippines Knitted Fabric Market - Porter's Five Forces |
3.5 Philippines Knitted Fabric Market Revenues & Volume Share, By Construction Type, 2021 & 2031F |
3.6 Philippines Knitted Fabric Market Revenues & Volume Share, By Fabrics Type, 2021 & 2031F |
4 Philippines Knitted Fabric Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Knitted Fabric Market Trends |
6 Philippines Knitted Fabric Market, By Types |
6.1 Philippines Knitted Fabric Market, By Construction Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Knitted Fabric Market Revenues & Volume, By Construction Type, 2021-2031F |
6.1.3 Philippines Knitted Fabric Market Revenues & Volume, By Weft , 2021-2031F |
6.1.4 Philippines Knitted Fabric Market Revenues & Volume, By Wrap, 2021-2031F |
6.2 Philippines Knitted Fabric Market, By Fabrics Type |
6.2.1 Overview and Analysis |
6.2.2 Philippines Knitted Fabric Market Revenues & Volume, By Flat/Jersey, 2021-2031F |
6.2.3 Philippines Knitted Fabric Market Revenues & Volume, By Purl , 2021-2031F |
6.2.4 Philippines Knitted Fabric Market Revenues & Volume, By Rib Stitch, 2021-2031F |
6.2.5 Philippines Knitted Fabric Market Revenues & Volume, By Interlock , 2021-2031F |
7 Philippines Knitted Fabric Market Import-Export Trade Statistics |
7.1 Philippines Knitted Fabric Market Export to Major Countries |
7.2 Philippines Knitted Fabric Market Imports from Major Countries |
8 Philippines Knitted Fabric Market Key Performance Indicators |
9 Philippines Knitted Fabric Market - Opportunity Assessment |
9.1 Philippines Knitted Fabric Market Opportunity Assessment, By Construction Type, 2021 & 2031F |
9.2 Philippines Knitted Fabric Market Opportunity Assessment, By Fabrics Type, 2021 & 2031F |
10 Philippines Knitted Fabric Market - Competitive Landscape |
10.1 Philippines Knitted Fabric Market Revenue Share, By Companies, 2024 |
10.2 Philippines Knitted Fabric Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |