Philippines

The consumer market in the Philippines is set to benefit from growing urbanisation, an expanding industrial sector and gradually reducing poverty levels. Furthermore, rural consumers are projected to increase their role in the domestic market,…

The continuation of working and studying from home increased the preference of consumers for vacuum cleaners to maintain cleanliness and hygiene within the home in 2021. Longer hours within the home led to higher indoor traffic, which in turn meant…

The pandemic has emphasised the need to keep health at the forefront, and with continued home seclusion, Filipinos used small cooking appliances to help prepare nutritious meals and snacks that could help keep their families healthy. For example, air…

The ongoing pandemic has seen Filipinos stay at home more due to lockdown measures. Because of continued economic uncertainty, many people, especially those who live with their families, are choosing to cook more as it is cheaper. Since a lot of…

In the Philippines, hairdressers and salons closed in 2020 due to COVID-19 safety measures. As such, many people, especially men, purchased hair and beard trimmers to maintain a groomed look. Strong volume growth is expected to continue in hair and…

The ongoing pandemic has seen Filipinos stay home more due to lockdown measures. Because of continued economic uncertainty, many people, especially those who live with their families, are cooking at home more, as it is cheaper. Since a lot of parents…

Continued home seclusion in the Philippines in 2021 resulted in the rise of home cooking and the desire to upgrade kitchen appliances. With more people cooking and eating at home over a prolonged period, people became more invested in improving their…

The start of the pandemic in 2020 had a significant negative impact on demand for home laundry appliances, as players grappled with nationwide lockdowns and consumers prioritised essential purchases. However, as the country had been sequestered for…

Prolonged home seclusion encouraged consumers to prepare meals from scratch and focus on the use of healthier ingredients. As such, more consumers purchased food preparation appliances to help with this endeavour in 2021, with most categories…

Continued home seclusion in the Philippines due to COVID-19 resulted in the rise of home cooking and the desire to upgrade kitchen appliances. With more people cooking and eating at home more regularly, consumers became more invested in improving…

The pandemic has sustained demand for air treatment products in 2021, as consumers became more concerned about air quality and the need for air treatment in order to prevent the spread of COVID-19. One of the strong precursors to growth was the…

The briefing, Megatrends: Shifting Market Frontiers - Cities of the Future, examines the consumer and economic growth prospects in 600 cities of emerging and developing countries. Using a range of indicators including future GDP prospects, internet…

Packaging sales were severely impacted by lockdown, mobility restrictions and reduced social interaction – even outside of lockdowns consumers remained reluctant to go out and meet in groups as frequently as in pre-pandemic times. Larger pack sizes…

COVID-19 has had a strong influence on consumer lending in the Philippines, with it having a polarised impact on demand during 2021. The negative economic impact of the COVID-19 pandemic and the economic uncertainty that has emerged in its wake has…

Consumer credit gross lending declined substantially during 2020 due to the economic uncertainty that emerged in the wake of the COVID-19 pandemic. This pattern has continued into 2021 as the country has struggled to contain the virus, with new…

With production of USD967 billion, Asia Pacific was the largest rubber and plastic producer globally in 2020. Regional production of rubber and plastic products remains highly concentrated in China, Japan and South Korea. Over 2021-2030, Asia Pacific…

Open loop pre-paid cards issued by banks had been in decline prior to the outbreak of COVID-19 with these products losing out to mobile wallets which have increased in popularity. However, banks have seen an opportunity amidst the COVID-19 pandemic…

The COVID-19 pandemic and measures imposed to limit the spread of the virus have had a significant impact on the Philippine economy. A high unemployment rate and generally weaker economy have continued to limit consumer spending during 2021.…

Prior to the outbreak of COVID-19 the use of debit cards in the Philippines was primarily for making cash withdrawals. This was largely because most people were either unaware that they can use their debit card to make cashless transactions or were…

Credit card transactions have continued to see a significant decline in value and volume terms in 2021. This is partly due to rising unemployment, a weaker economy, and a lack of opportunities for spending in key areas such as travel, store-based…