Skip to content

Soaring Demand in Cambodia for Korean Beverages

Khmer Times January 12, 2021

mage Credit: KOTRA / Korean Foundation for International Cultural Exchange / photonews@koreabizwire.com

PHNOM PENH – Korean beverages are gaining popularity in Cambodia as both delicious drinks and great supplements for health.

Phnom Penh’s beverage imports from Korea have jumped more than eightfold in recent years, rising from $4.8 million in 2016 to $41.1 million in 2019, according to the state-run Korea Trade-Investment Promotion Agency (KOTRA).

Beverages have become South Korea’s largest export to Cambodia since 2018, comprising 13.4 peCambodia’s Korean beverage imports began to jump in 2017 ($30 million), reaching an average growth rate of 17 percent in 2018 and 2019.

Cambodia’s 7 percent range of rapid economic growth, coupled with a high proportion of young people (47.5 percent) are seen as two primary factors driving growth of the consumer goods market, including beverages.

Cambodia’s total beverage imports in 2019 stood at $300 million, comprising 62.5 percent of the entire beverage market. The Korea Bizwire

https://khmertimekh.com

SOURCE: Khmer Times January 12, 2021

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: