World Market Trends: Bansard Cambodia

08 December 2017 | Cambodia | Subsidiaries

Cambodia's development and remarkable trends in the transport and logistics sector in the recent years, has led Bansard Cambodia to grow all the while offering our service and expertise. Either in Sea or Air Freight, Bansard International witnessed the massive expansion of the industry, which is now representing "142 percent of GPD" overall.

World Market Trends: Bansard Cambodia

It’s been over a year since Bansard International’s expansion to the Cambodian market, and our development benefit greatly from Cambodia’s favorable market.

Cambodia’s incredible growth regarding logistics has shown a remarkable trade growth of average 16% via imports and 11% via exports respectively per year within the past 5 years. With such business in the routes from Cambodian ports, it is reported that trends will keep increasing. With these encouraging statistics, Bansard Cambodia has benefited greatly from the flourishing market and strengthened its presence in the region.

Cambodia’s economical growth is also due to the development of infrastructures such as roads, ports and improvements of border crossings. Furthermore, officials from the Ministry of Public Works and Transportation (MPWT) state that developments are beginning to facilitate transportation in/from/to Cambodia (The Phnom Penh Post). For instance, reparation of the road from Phnom Penh to Siem Reap has notably improved driving conditions.

In terms of sea freight, Sihanoukville and Phnom Penh have developed enough to be international and have all perks, including customs and warehousing services.

"The Sihanoukville Autonomous Port (SAP) is more recognized for being a deep-sea port and the largest seaport in Cambodia and the main trade gateway for seaborne cargo entering or leaving the country. The SAP handles about 70% of all containerized trade by volume, with a throughput of more than 400,000 TEUs in 2016." (HKTDC-Research)

Bansard Cambodia’s other expertise is air freight forwarding, as it’s the fastest and safest service. Regarding airfreight development, Cambodia was also recently introduced to new domestic airlines, making the air freight prices cheaper and increasing flight frequency. While it is still expensive and currently used for certain shipments, the air freight industry in Cambodia is significantly developing. 

With Cambodia’s big plans of development in the logistics industry, Bansard Cambodia has developed in the same manner and extended our services throughout the country, with western-style warehouses. Bansard International’s growth in Cambodia facilitates our team’s efficient management of supply chains throughout the world. 

Bansard International, expert in freight forwarding since 1963, offers multimodal solutions, supply chain management and IT support for your shipments. We deliver solutions! Contact our Cambodia offices!


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