The Philippine sportswear market rose modestly to $65M in 2023, surging by 4% against the previous year. Over the period under review, the total consumption indicated measured growth from 2012 to 2023: its value increased at an average annual rate of +4.0% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by -2.8% against 2021 indices.

In 2023, the amount of track suits, ski suits and swimwear imported into the Philippines surged to 719K units, growing by 59% on 2022.

The gross value added generated from the manufacturing of wearing apparels in the Philippines amounted to around 51 billion Philippine pesos in 2024. This reflects a slight increase from the previous year's total of about 50 billion Philippine pesos.

In 2024, the household final consumption expenditure for clothing and footwear in the Philippines was valued at around 235 billion Philippine pesos. Spending on clothing and footwear increased in comparison to the previous year.

The kids apparel market generated a total revenue of US$ 187.29 billion in 2022. The industry is predicted to register a healthy CAGR of 6.8% over the forecast period to attain a revenue of US$ 386.19 billion by 2033. The kids apparel industry holds lucrative growth opportunities for manufacturing companies as demand for kids’ apparel is surging.

Market Value (2023)	US$ 200.03 billion
Market Forecast Value (2033)	US$ 386.19 billion
Market CAGR (2023 to 2033)	6.8%

Scope of Kids Apparel Market Report

Attributes	Details
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	US$ million/ billion for Value
By Product Type	Formal Casual Semi-formal
By End User	Boys Girls
By Age Group	0-12 Months 1-5 Years 5-10 Years 10-12 Years
By Distribution Channel	Offline Online
By Region	North America Latin America Europe Asia Pacific The Middle East and Africa
Key Countries Covered	The United States, Brazil, Mexico, Canada, the United Kingdom, Germany, France, Spain, Italy, Russia, Argentina, Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Vietnam, Australia, Poland, China, New Zealand, Japan, GCC countries, South Africa, others
Key Players	Carter’s, Inc. The Children’s Place, Inc. Inditex Hennes & Mauritz Retail Pvt. Ltd Nike, Inc. Cotton On Group Mothercare Gianni Versace S.r.l. Burberry Gerber Childrenswear Others

In the year ended May 31, 2024, Nike's North American revenue amounted to about 21.4 billion U.S. dollars. In the EMEA region (Europe, Middle East, and Africa), the company generated some 13.6 billion U.S. dollars' worth of sales that year. Nike Nike, Inc. is a sportswear and equipment supplier based in the United States that was founded in January 1964. The company's headquarters are located near Beaverton, Oregon. Nike is the world's leading supplier of athletic shoes and apparel and is also a major manufacturer of sports equipment. Sports sponsorships Given Nike's success, size, and popularity, it comes to no surprise that the company is actively involved in the world of sports sponsorships. In fact, Nike has become one of the most reputable athletic sponsors in the world over the years. Nike looks for and uses sponsorship agreements with celebrity athletes, professional sports teams, and college athletic programs for the promotion of their products, technology, and design.