Fashion market in the Philippines
Market development
eCommerce revenue development in the Hip & Fanny Packs market in the Philippines
The Philippine Hip & Fanny Packs eCommerce market is predicted to reach US$18.2 million by 2024 and accounts for 7.6% of the Luggage & Bags eCommerce market in the Philippines. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 12.9%, resulting in a projected market volume of US$29.5 million by 2028. The Hip & Fanny Packs eCommerce market is a sub-market of the Luggage & Bags market. Further categories within the Luggage & Bags market are: Backpacks & Daypacks, Handbags, Other Luggage & Bags, and Suitcases.
eCommerce revenue development in the Hip & Fanny Packs market in the Philippines
eCommerce revenue growth in the Hip & Fanny Packs market in the Philippines
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Growth (in %) | 57.7 | 94.4 | 44.4 | 0.0 | 10.2 | 25.1 | 10.6 | 58.4 |
Market definition
Definition of the Hip & Fanny Packs market within the Fashion market
Market definition: Fashion > Bags & Accessories > Luggage & Bags > Hip & Fanny Packs The category Hip & Fanny Packs includes the online trade of fanny packs, belt bags and hip packs. This category does not cover backpacks and daypacks and handbags. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Fanny packs
- Belt bags
- Hip packs
Out-of-scope
- Backpacks and daypacks
- Handbags
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