Europe a ‘huge market’ for apparel, say Philippine exporters

The Philippine Exporters Confederation (Philexport) sees Europe as a “huge” and “attractive” market for Philippine apparel exporters that deliver the best quality and innovative products, reports the Manilla Times.

The group said clothing exporters should take advantage of the growth potential in “niche areas with fewer competitors” in the European apparel market, despite the current weakening demand and consumption in the Eurozone.

Philexport cited a market report released by the Centre for the Promotion of Imports from Developing Countries (CBI) that read: “Exporters from developing countries are encouraged to enter the market and to target niche areas with fewer competitors and considerable potential for growth.”

According to the report, there are opportunities for apparel exporters that can deliver high-quality and unique materials in the middle and upper-middle market from which independent retailers and luxury buyers usually purchase the bulk of high-quality garments at attractive prices.

For the full story, see the June 2016 edition of Textiles South East Asia. Not a subscriber? Sign up HERE