INDUSTRY AT A GLANCE
90% of health & beauty and cosmetic products are imported from international.The importing rated of cosmetics and skin cares, was significantly increasing to 400% in 2014.
According to Cambodian Central Bank, the rate of GDP expects to reach 7.1 percent in 2019.
With high growth rate of GDP, it will create higher demand for premium quality products including health & beauty and cosmetics which lead to significant opportunity for international suppliers to penetrate the market in Cambodia.
Averaged age of total population in Cambodia (15.95 million) is 27 years old which is youngest in ASEAN while 74% of population is below age 34.More than 50% of Cambodians are teenagers lower 25 years old who are main target buyers of health, beauty and cosmetic products.
Source : Department of International Trade Promotion (DITP)
Export–Import Bank of Thailand, Bangkok Bank, KASIKORNBANK and Khmer Times
Cambodia, officially known as the Kingdom of Cambodia and once known as the Khmer Empire, is a country located in the southern portion of the Indochina Peninsula in Southeast Asia with the total area 181,035 square kilometers (69,898 square miles), bordered by Thailand to the northwest, Laos to the northeast, Vietnam to the east, and the Gulf of Thailand to the southwest.
Cambodia's climate, like that of the rest of Southeast Asia, is dominated by monsoons, which are known as tropical wet and dry because of the distinctly marked seasonal differences. Cambodia has a temperature range from 21 to 35 °C (69.8 to 95.0 °F)
POPULATION & RELIGION
Cambodia has a population of over 15 million. The official religion is Theravada Buddhism, practiced by approximately 95 percent of the population. The country's minority groups include Vietnamese, Chinese, Chams, and 30 hill tribes. Cambodia's birth rate is 25.4 per 1,000. Its population growth rate is 1.7%. 50% of the Cambodian population is younger than 22 years old.
The Khmer language is a member of the Mon–Khmer subfamily of the Austroasiatic language group. French, once the language of government in Indochina, is still spoken by many older Cambodians. French is also the language of instruction in some schools and universities that are funded by the government of France. Cambodian French, a remnant of the country's colonial past, is a dialect found in Cambodia and is sometimes used in government, particularly in court. However, the increasing number of tourists from around the world has resulted in the shift of language from French to English
US dollars are as commonly used as the Cambodian Riel and even Thai Baht is acceptable in many places. Most hotels and many restaurants and shops set their prices in dollars. Small transactions are usually done in Riel. Always carry some small Riel for motorcycle taxis, snacks, beggars and other small purchases. Banknotes is currently issued as 50, 100, 200, 500, 1000, 5000, 10,000, 50,000 and 100,000 riels.
Banks mostly open from 8:00AM to 3:00PM or 4:00PM, Monday to Friday as the official date and time. Some are opened on Saturday morning until 11:30AM. ATMs are available 24 hours. Business offices are started from 8:00AM to 12.00PM and 2:00PM to 5:00PM from Monday to Saturday.
Source; BBC, Tourism of Cambodia, Wikipedia,
The information was last edited on 30 January 2018