Philippines garments sourcing report highlights surging demand from traditional markets driving export growth
Report shows U.S. is Philippines’ largest export market
The report shows that:
- The U.S. accounted for approximately 69 percent of exports in 2014;
- Shipments totaled $514.9 million from January to May this year, up 2 percent from the same period last year.
- Among makers planning to adjust quotes, nearly two-thirds will set prices 6 to 10 percent higher. Nearly one-quarter will hold increases to 5 percent, while one-tenth plan to increase quotes by 11 to 15 percent.
The sector consists of approximately 700 companies, according to the Confederation of Garment Exporters in the Philippines. Sixty percent of suppliers are export oriented. The industry employs about 500,000 workers.
Makers catering to ODM orders employ one to six stylists and launch up to 200 models annually.
“Makers are releasing models with unique forms to diversify offerings. Examples of this trend are dresses with a crooked neckline and skirts with asymmetrical hem. Some have a layered look and feature a sewn-on vest or jacket,” said Alex Boome, Hinrich Foundation’s program director.
Sourcing Reports for the Philippines, Vietnam, India, Nepal, Myanmar, Cambodia and Indonesia
The Philippines Sourcing Report: Garments is one of a series of online Sourcing Reports covering emerging Asia supply markets. A full version of the report can be viewed online here.
Other related Sourcing Reports available online are:
- PHILIPPINES: Furniture, Fashion accessories
- VIETNAM: Garments, Fashion accessories
- INDIA: Footwear, Fashion accessories
- NEPAL: Footwear, Fashion accessories
- MYANMAR: Garments, Jade products
- CAMBODIA: Fashion accessories & garments
- INDONESIA: Fashion accessories
The next report in the Philippines Sourcing series is Fashion Accessories available here.
Sourcing from Vietnam buyer’s guide
About the Hinrich Foundation
The Hinrich Foundation believes sustainable global trade promotes peace. It aims to encourage the private sector and governments to drive innovation and competitiveness in trade-related activities undertaken by individuals, companies, industries and countries by focusing on three program areas:
- Trade related education & training: We sponsor educational opportunities for individuals who show a commitment to participating in or promoting innovative and competitive global trade. The Hinrich Foundation offers scholarships to students from Myanmar, Cambodia, Vietnam, Lao and China to study in Hong Kong, Thailand, The Philippines and the U.S. We give our scholars internships and on-the-job training in export related companies and organizations in 10 countries.
- Export trade assistance: We offer practical trade services to promote and coach producers on how to participate in global trade. Through the Export Trade Assistance, the Hinrich Foundation connects exporters in developing Asia with buyers worldwide.
- International trade policy research: We believe that the health of the global economy and peace between nations depend on countries having productive trade relationships, which requires open, fact-based dialogues. We initiate research, elicit opinions and disseminate information about global trade to encourage objective debate and balanced policy making in support of open, free, transparent and fair global trade.
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