The import value of ceramic bathroom, kitchen, and other sanitary fixtures to Cambodia has seen a steady increase over the years, standing at $12.866 million in 2023. Year-on-year variation highlights a consistent growth, with a slight decrease in 2015. Over the last two years, the variation stabilized with increases of 4.79% in 2022 and 4.48% in 2023. The compounded annual growth rate (CAGR) for the past five years stands at 5.19%, indicating moderate steady growth.
Looking forward, the period from 2024 to 2028 is projected to continue this upward trend with a forecast 5-year CAGR of 2.92%, resulting in a projected import value of $15.474 million by 2028. The overall forecasted 5-year growth rate is projected at 15.48%, showing ongoing but slower growth compared to previous years.
Future trends to watch for include:
- Further development in Cambodia's construction and real estate sectors.
- Potential shifts in consumer preferences towards higher quality or eco-friendly fixtures.
- Impact of regional trade agreements and tariffs on import costs.
- Technological advancements and innovations in ceramic sanitary ware.