Alcoholic drinks has recovered from the COVID-19 pandemic in 2022, after being negatively impacted in 2020 due to the closure of establishments that sell alcoholic beverages and food. In 2021, the situation started to improve, with a full recovery on the most part seen in 2022 in line with the full return to domestic economic activities.
In 2022, Cambodia continues to enjoy the full reopening of domestic economic activities post pandemic. For example, religious festivals have resumed, such as the Khem New Year, Water Festival, Pchum Ben, Christmas, and many others, without the regulations that were seen in 2021.
Attitudes toward alcohol consumption in Cambodia are mixed and constantly shifting. There is an established culture of drinking among men, with men often drinking heavily when socialising.
In 2022, Cambodia’s GDP growth has reached 5%, compared to 3% in 2021, thanks to key supporting drivers, such as political stability, the successful vaccination rate, the full resumption of domestic economic activities, benefits of the Free Trade Agreement (FTAs), the resilient banking system in supporting economic recovery and increasing external demand, as export grew by 20%.
Cambodia is a country that poses a number of distribution challenges to alcoholic drinks companies. Only 26% of the country’s population lived in urban areas in the review period, although this share is increasing.
Between 2021 and 2022, there are no changes at all in Cambodian legislation on alcoholic drinks.
There is no change at all in taxation between 2021 and 2022.
The forecast period is expected to see alcoholic drinks record similar growth to that seen over the review period, prior to the pandemic that is. Sales growth is expected to be underpinned by post pandemic recovery and the expansion of the crucial mid-income urban consumer group.
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Understand the latest market trends and future growth opportunities for the Alcoholic Drinks industry in Cambodia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Alcoholic drinks is the aggregation of beer, wine, spirits, cider/perry and RTDs.See All of Our Definitions
This report originates from Passport, our Alcoholic Drinks research and analysis database.
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