ASEAN is a block of Southeast Asian countries, including Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.
Cambodia’s apparel exports to ASEAN totalled $219.759 million in 2023, which was higher than the shipment of $182.391 million in 2022. Earlier, the exports were noted at $133.756 million in 2021, $272.621 million in 2020 and $240.5210 million in 2019.
The average price of apparel exports from Cambodia to ASEAN also continued to rise in year 2024, for the third year in a row. The average price increased to $11.41 per unit of garment from $10.04 per unit in year 2023, according to Fibre2Fashion’s market insight tool TexPro.
The average price was noted at $8.05 per unit in year 2019. But it jumped to $12.20 per unit in 2020 due to COVID-19 related disruption. The price saw deep cut to reach $8.94 per unit in 2021. It recovered to $9.20 per unit in 2022 and $10.04 per unit in 2023.
As per TexPro, Cambodia exported 15.316 million units of garments to ASEAN nations in the first ten months of 2024. It had exported 19.787 million units of garments in 2023, which was slightly lower the exports of 19.800 units in 2022.
Cambodia’s garment export volume was noted at 14.969 million in 2021, 22.253 million in 2020 and 29.894 million units in 2019.
ALCHEMPro News Desk (KUL)
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