Cambodia's share rises to 7.42 per cent in Spanish garment market

According to Fibre2Fashion's market insight tool TexPro, Spain’s apparel imports totalled $17.500 billion in the first ten months of 2024. Imports from Cambodia jumped 38.73 per cent during this period, rising from $935.981 million in January–October 2023.

In 2023, Spain imported apparel worth $1,170.677 million from Cambodia, accounting for 5.81 per cent of its total apparel imports of $20.165 billion in the same year. Cambodia remained in the fifth position among the largest apparel suppliers.

Cambodia’s position in the Spanish garment market was dented during the COVID year. It was the sixth-largest supplier, with a 4.51 per cent share in 2019. Spain’s imports from Cambodia were recorded at $874.142 million, out of total apparel imports of $19.400 billion in the same year. Spain’s total apparel imports dipped to $16.256 billion in 2020. Spanish garment imports from Cambodia declined to $634.629 million, accounting for 3.90 per cent of the total. Cambodia’s rank also slipped to eighth among the largest suppliers. In 2021, Spanish garment imports improved to $18.125 billion, but imports from Cambodia further eased to $626.853 million. Consequently, its share shrank to 3.46 per cent, though its rank improved to seventh, as per TexPro.

The European nation’s apparel imports further rose to $22.006 billion in 2022, with imports from Cambodia also increasing to $981.277 million in the same year. Its share rose to 4.46 per cent, ranking as the sixth-largest supplier. Its share further increased to 5.81 per cent in 2023 and 7.42 per cent in January–October 2024.

Fibre2Fashion News Desk (KUL)