This comprehensive report uncovers key insights into the purchasing practices of major Japanese brands in the denim industry, with a special focus on their engagement with Vietnam as a sourcing location. Covering the period from March 2022 to March 2023, we dive deep into trade dynamics, presenting data on Vietnamese companies exporting garments to Japan, including details on quantities supplied and average prices.

A significant finding in this report is that major Japanese brands were responsible for around 93% of the overall denim purchased from Vietnam. [private_special]

Note: This report only reflects the shipments that were made to Japan. If any shipments were made by these brands to other destinations, they would not be covered here.

Share of Each of Top Brands

The accompanying pie chart vividly illustrates the strong presence of Mitsubishi and Fast Retailing (UNIQLO) , highlighting their equal hold on the market.

• Mitsubishi and Fast Retailing emerge as the frontrunners, securing a dominant position with a remarkable 37.5% share of denim garment purchased from Vietnam.

• Toray closely follows, capturing 14.3% of the denim market, while Levi’s makes its mark with a decent 9.4% share of the Japanese denim imports from Vietnam.

We will be focusing on this data to further analyze in details in the ensuing sections.

TOP 5 COMPANIES BUYING DENIMS

This exclusive section unveils the purchasing dynamics of renowned Japanese brands, highlighting their quantities and average prices in sourcing denim garments.

• Mitsubishi and Fast Retailing: These industry giants have solidified their position as the leading buyers, acquiring an impressive quantity of 8.19 lakhs units of denim garments. Mitsubishi purchased denims at an average price of 7.53 USD/meter, while Fast Retailing (UNIQLO) purchased denims at an average price of 11.77 USD/meter.

• Y.M.T Corporation: Although purchasing a smaller quantity of 0.3 lakh units, Y.M.T Corporation paid a higher average price of 18.01 USD/meter.

• Levis: With an extensive purchase of approximately 3.12 lakh quantities, Levis cemented its presence in the market by paying a commendable average price of 10.76 USD/meter.

One more point that needs to be considered is that the details in this report show only the shipments made to Japan. So if Mitsubishi has ordered for shipments to be made to other countries, it will not reflect in this report.

Recently, Fast Retailing has emerged as the leading purchaser of denim garments from Japanese manufacturers, purchased an impressive 8.18 lakh units valued at 9.63 million USD. Not far behind is Mitsubishi, with their purchase of 8.19 million units of denim garments at a value of 6.16 million USD.

GARMENT SUPPLIERS OF THESE BRANDS

In this section, we will delve into the key suppliers of the prominent retail brands, including Mitsubishi, Fast Retailing, Toray, Levis, and YMT Corporation. Here we will discover insights into these suppliers, where we have presented data on the quantities and average prices at which they have procured denim garments, giving you a comprehensive understanding of their purchasing patterns.

Based on estimates, Japanese brands procured approximately 2.34 million units of denim apparel from Vietnam during the period of 2022-2023. The actual quantities could be higher than this. [/private_special]