Ties and belts are set to benefit from the ongoing revival of more normal social and economic activity during the forecast period. However, both categories face challenges presented by longer-term fashion trends and the enduring impact of the COVID-19 crisis.
Given that scarves are not particularly necessary or helpful in the climate of the Philippines, the revival of the demand for scarves will be tagged to the resumption of overseas travel during the forecast period. While the threat from COVID-19 is perceived to have diminished, consumers’ willingness and, indeed, ability to invest in international travel is likely to be significantly undermined by the challenging economic conditions prevailing at the outset of the forecast period.
Demand for sports accessories will continue to increase in the forecast period as more Filipino consumers are embracing an active lifestyle, especially following the focus on health and wellness that the COVID-19 crisis brought with it. Sportswear brands Nike, adidas and Under Armour will continue to benefit from this and the growing athleisure trend, with consumers preferring athleisure as everyday fashion wear.
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Understand the latest market trends and future growth opportunities for the Apparel Accessories industry in Philippines with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Apparel Accessories industry in Philippines, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Supplementary garments and clothing articles consisting of items as belts, scarves, gloves, hats, ties and other accessories. Knitted accessories (hats, scarves and gloves) are also included. Includes all such products designed for men, women, children, and infants. Shoes, bags and sunglasses are excluded and attributed to Footwear, Travel Goods and Sunglasses respectively.See All of Our Definitions
This report originates from Passport, our Apparel Accessories research and analysis database.
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