Thailand
Japan’s demand for Cambodian apparel grows, home textiles lose ground
Cambodia’s apparel exports to Japan have continued to grow, reaching $1.201 billion in 2022, an 8.68 per cent increase from the previous year.
The first quarter of 2023 saw a shipment value of $334.145 million, indicating sustained momentum.
However, home textile exports to Japan have been on a downward trend, halving to $17.327 million in 2022.
Cambodia’s apparel exports to Japan continue to rise in the current year, after registering a healthy growth in 2022. The exports increased 8.68 per cent to $1.201 billion during the last year. The shipment was recorded at $334.145 million in the first quarter of the current year. However, the exports of home textiles to Japan halved due to gradual decline in previous years.
The exports eased to $1.043 billion in 2020 from $1.147 billion in 2019 because of disruption from COVID-19. But it bounced back to $1.105 billion in 2021, according to Fibre2Fashion’s market insight tool TexPro. The shipment was noted at $1.065 billion in 2018.
On a quarterly basis, the trade increased to $334.145 million in Q1, 2023 from $280.554 million of Q4, 2022 and $303.040 million of Q1, 2022. It shows that the momentum remained intact during the current year. The shipment was recorded at $380.611 million of Q3, $237.491 million of Q2 and $303.040 million of Q1, 2022. The export was noted at $296.524 million in Q4, 2021.
But Cambodia’s home textiles exports to Japan have registered constant declining trend in the previous years. Gradually, it halved to just $17.327 million in 2022 against the shipment of $35.920 million during 2018. The shipment was recorded at $33.036 million in 2019, $24.025 million in 2020 and $22.784 million in 2021, as per TexPro. Cambodia exported home textiles worth $4.626 million during the first quarter of current year 2023. Fibre2Fashion News Desk (KUL)