In this report, we are providing information about what major Japanese brands purchased denim from Bangladesh in 2022 .

This report offers in-depth analysis on the purchasing patterns of Japanese companies, highlighting those that engage in substantial buying . Furthermore, the report presents data on Bangladeshi companies that export garments to Japan, including the quantities supplied and a deeper delve into other specifics of the trade . [private_special]

As we can see from the pie chart below, the top Japanese brands (15) bought about 92% of the total denim apparel purchased by global denim brands from Bangladesh in 2022 which is a large part of the business!

Note: This report only reflects the shipments that were made to Japan .

Share of Each of Top 15 Brands

Fast Retailing has emerged as the biggest market player in Bangladesh when it comes to buying denim garments. This is evident from the below pie chart which shows that 73.5% of the total market share of denim garment buying from Bangladesh goes to Fast Retailing.

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

TOP 15 COMPANIES BUYING DENIMS

This section provides a snapshot into how much these Japanese brands purchase denim garments from Bangladesh suppliers.

Fast Retailing, the Japanese clothing giant with Uniqlo and other brands, has emerged as the leading purchaser of denim garments from Bangladeshi manufacturers. They have purchased a staggering 11.9 million units valued at 128.1 million USD, comprising more than half of Bangladesh’s total exports in this sector.

This is notable for a number of reasons, namely the amount of industry competition they face and the fact that other major brands such as Itochu, Gu, Gap and H&M have made purchases totaling 0.57 million, 0.54 million, 0.54 million and 0.49 million respectively at similar prices in the same period of time. Of course, we cannot forget that Uniqlo is a leading global retailer and dominates the denim space when it comes to Japanese market . One more point that needs to be considered is that the details in this report show only the shipments made to Japan. So if Uniqlo has ordered for shipments to be made to other countries, it will not reflect in this report.

While brands such as Workman & co. and Gap purchased denim garments with a value of nearly USD 8.43 million and 5.03 million, other brands chose to purchase far lesser quantities at a fraction of this cost. Specifically, purchases between 0.83 – 4.34 million USD were made by various buyers.

Average Buying Price (USD/Pc)

American Eagle, one of the leading international fashion companies, purchased the least quantity of 0.1 millions, they still managed to pay a record-breaking average price of 16.61 USD/mtr per unit making them the highest paying buyers in Bangladesh thus far. However, the quantity is negligible.

TOP 3  GARMENT SUPPLIERS OF THESE BRANDS

In this section, we will look into who are the major suppliers of these top Japanese retail brands. We will also list out their top 3 largest suppliers to provide a comprehensive view.

It is clear that Pacific Jeans is an essential supplier for Fast Retailing company.

According to our records, Pacific Jeans supplied over 7.2 million pieces at an average price of 12.56 USD/pc in 2022 which is a very good price and most of their products go to Uniqlo only. They are the main nominated supplier to Uniqlo from Japan.

In 2022, an estimated of 17.70 million pieces of denim apparel [/private_special] were bought by Japanese brands from Bangladesh. The quantities of Japanese orders would, however, be much higher if we consider that the shipments also go to other destinations. This figure reflects the shipments that were made to Japan. Japanese buyers are shifting slowly from China to Bangladesh and we will find an increase in volume in the coming times.