Cambodia slips to ninth rank in Singapore's apparel market

Cambodia was at the ninth position among Singapore's largest apparel suppliers for the period from January to May 2023. Over this span, Singapore's total apparel imports amounted to $890.715 million, with a mere $16.897 million or 1.90 per cent originating from Cambodia, revealed data obtained from Fibre2Fashion’s market insight tool TexPro. 

Comparatively, in the first five months of 2020, Cambodia enjoyed a healthier share of Singapore's apparel market, with imports valued at $33.199 million, constituting 5.10 per cent of Singapore's total apparel imports of $651.235 million. During 2020, Singapore's annual apparel imports tallied at a substantial $2,047.108 million, of which Cambodia contributed $156.221 million, holding a robust 7.63 per cent share and a ranking of fourth highest supplier, as per TexPro.

However, the following years saw a diminishing stake for Cambodia in Singapore's apparel market. In 2022, the imports stood at $21.846 million for the period of January to May, which declined from $33.199 million in the corresponding period of 2020, and $24.926 million in 2019. 

Annual data exhibits a continuous slump in Cambodia's rank and share over recent years. In 2022, Cambodia held the tenth position with a 2.20 per cent share, equating to $51.400 million in value, further slipping to the ninth rank with a 2.66 per cent share, or $50.700 million, in 2021. 

ALCHEMPro News Desk (KUL)