The data forecasts a decline in the export value of Articles of Apparel and Clothing Accessories in the Philippines from 31.02 Billion Philippine Pesos in 2024 to 20.24 Billion Philippine Pesos in 2028. The year-on-year variation indicates a -8.95% decrease from 2024 to 2025, and the trend continues with -9.64% in 2026, -10.44% in 2027, and -11.41% in 2028. The Compound Annual Growth Rate (CAGR) over the next five years is -10.63%. Given the current standing of 31.02 Billion PHP in 2024, the sector is on a downtrend.
Future trends to watch for:- Changes in global demand for Philippine apparel and clothing accessories.- Impact of international trade agreements or disputes.- Shifts in production costs or supply chain efficiencies.
