PROSPECTS AND OPPORTUNITIES
Rising demand for hosiery will be driven by increased travel to cooler climates
Demand for hosiery in the Philippines will continue to experience positive volume growth over the forecast period, driven in part by a rise in travel to cooler climates that contrast with the country's typically warm weather. As Filipinos increasingly explore destinations with cooler climates, particularly during seasonal vacations, hosiery products such as thermal tights and socks will become indispensable travel items.
Growing interest in niche physical activities will boost demand for specialised hosiery products
The popularity of physical activities like yoga and Pilates surged in 2024, with new centres such as Options Studio and One Life Studio opening across the Philippines. This rise in niche fitness activities has created a growing demand for specialised hosiery products like grip socks, which are often mandated by Pilates and yoga centres to ensure safety and enhance performance.
Demand for basic hosiery will remain strong
Despite the wide variety of hosiery designs and formats emerging in 2024, basic hosiery products such as white and black socks will continue dominate sales. These basic formats are considered essential for corporate, and school purposes, in contrast to more fashion-oriented hosiery that is purchased primarily for aesthetic reasons.
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Overview:
Understand the latest market trends and future growth opportunities for the Hosiery 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 Hosiery 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.
The Hosiery in Philippines report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Hosiery in Philippines?
- Which are the leading brands in Philippines?
- How are products distributed in Philippines?
- How is the rise of e-commerce shaping demand?
- What % of apparel and footwear sales are made via grocery retailers?
- Do consumers want premium quality or fast fashion?
- How will COVID-19 and recession impact demand?
- How important is sustainability in Hosiery in Philippines?
- Where is future growth expected to be most dynamic?
Hosiery in the Philippines - Category analysis
KEY DATA FINDINGS
Mandates in school and corporate settings drive hosiery demand
Asian-inspired hosiery gains popularity among Filipino millennials
Rise of e-commerce fuels demand for low-cost alternatives
Rising demand for hosiery will be driven by increased travel to cooler climates
Growing interest in niche physical activities will boost demand for specialised hosiery products
Demand for basic hosiery will remain strong
Apparel and Footwear in the Philippines - Industry Overview
Apparel and footwear in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for apparel and footwear?
DISCLAIMER
The following categories and subcategories are included:
Hosiery
- Sheer Hosiery
- Non-Sheer Hosiery
Why buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Hosiery research and analysis database.
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