Cambodia's market share in Canadian apparel imports strengthens

Imports from Cambodia increased by 4.69 per cent compared to $766.954 million in the same period last year. Cambodia retained its position as the fourth-largest apparel supplier, holding a 9.08 per cent market share. Canada’s total apparel imports during January–September 2023 amounted to $8.447 billion, indicating a slight increase in Cambodia’s market share during the first nine months of the year, according to Fibre2Fashion's market insight tool TexPro.

In 2023, Canada’s apparel imports totalled $10.846 billion, with imports from Cambodia valued at $972.518 million, or 8.97 per cent of the total. Cambodia maintained its position as the fourth-largest supplier.

Cambodia’s market share in Canada’s apparel market improved this year, partially regaining some of the share it had lost in the previous year. Cambodia’s market share peaked at 10.84 per cent in 2021, when Canadian imports from the country were valued at $1,047.883 million, out of total apparel imports of $9.666 billion.

As per TexPro, Canada’s total apparel imports rose to $12.427 billion in 2022; however, Cambodia’s share declined to 10.32 per cent. Despite this decline, imports from Cambodia increased to $1,283.002 million. The higher growth in Canada’s overall apparel imports outpaced the growth in shipments from Cambodia.

In 2020, Canadian imports from Cambodia amounted to $873.093 million, representing 10.07 per cent of total apparel imports of $8.670 billion. Similarly, in 2019, imports from Cambodia were valued at $1,009.641 million, making up 9.99 per cent of total imports of $10.108 billion.

Fibre2Fashion News Desk (KUL)