If you’re reading this, then odds are you’re already elbow-deep into the sneaker industry. And while it’s a given in the West, the East is an untapped gem for many. So today, we’re gonna talk about the market in a country that many would gloss over. How big is sneaker reselling in the Philippines? And why is it a great opportunity to start a solid business? Well, we’ll tell you all about that and more right now, shall we? But if you’re looking for more places to start a business, here are some other regions that we covered:
- Japan Sneaker Reselling
- India Sneaker Reselling
- Korea Sneaker Reselling
- Sneaker Market in the EU
- Chinese Sneaker Market
How Big is the Sneaker Market in the Philippines?
Let’s start with some numbers, because who doesn’t love some solid proof of things? So, in 2024, the Filipino sneaker market generated $66.4m in revenue. However, projections expect this revenue to hit a whopping $85.9m by 2029. In other words, we can expect the market to continue its growth in the coming years! Now, in addition to the numbers, the culture is impressive too so let’s check that out too.
You see, the international scene started to acknowledge the sneaker culture in the Philippines, as it should! So, with big brands like Nike and Jordan Brand tapping into that market, it’s not local anymore. For example, one of Nike’s own is Kevin Reyes, a Filipino designer! He handles special edition NBA shoes along with the WMNS performance running section. That’s not all though, because Filipino sneaker stores also started to gain traction. For example, in 2022, Titan, a Philippines-based sneaker store, gave us its own rendition of the Air Jordan 2!
To wrap it all up, the sneaker scene in the Philippines is big and growing by the day. Naturally, sneaker reselling in the Philippines will grow along the main market. In fact, it’s a pretty profitable business there too! So, what are the best marketplaces to resell sneakers there? Let’s find out together!
Best Places for Sneaker Reselling in the Philippines
Now that we covered the basics, we gotta have a serious talk about sneaker reselling in the Philippines. You see, if you wanna know how to resell shoes, a huge chunk of this knowledge is about the marketplaces. The Filipino resale market has several platforms where you can conduct your business! Don’t worry though, we rounded them up to save you the hassle.
- Facebook Marketplace: The perfect place to go local with your sales.
- Carousell: Previously OLX. No seller fees and a real-time chat that makes interactions easier.
- Shopee: 2% seller fees, but worth it because it provides smooth shipping and payment options.
- Lazada: 1-2% fee depending on what you’re selling. You can resell anything there, so there’s that.
- AfterMarket: Sneakerhead heaven because it’s made for them. You can sell kicks, streetwear, and collectibles!
Now You Know All About Sneaker Reselling in the Philippines…
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