Bangladesh is one of the world’s leading garment producer and most international retailers source their garments from this country and in the process a huge amount of denim fabric is imported into the country from all over the world. This fabric is either nominated or sourced by garment producers for their FOB orders . This report examines the top garment producers in the country who are using imported denim fabrics and lists out top 15 of them in the year 2022 . And in the analysis , the parameters of volumes, prices etc are visited for better understanding.
First we analyze the share of different countries who supply denim fabrics to Bangladesh market for conversion to garments. It is surprising to see the high share of [private_special] China which takes a lion’s share of 55.8% of the total fabrics imported into Bangladesh in 2022. Pakistan stands second at over 20.7% and India comes third even though it is the nearest country to Bangladesh .
MARKET SHARE OF TOP DENIM FABRIC SUPPLYING COUNTRIES TO BANGLADESH
In order to gain a better insight into the market and trends in Bangladesh, it’s essential to know key players and their average prices per meter. The following details can help you better understand the Bangladesh market from comprehensive data on the top companies which purchased fabric in this country, as well as the respective average price USD per meter for those orders.
The below graph delineates the top 15 companies that have purchased the most fabrics in 2022 and their respective approximate quantities in million mtrs.
TOP 15 COMPANIES PURHCASED HIGHEST FABRIC QUANTITY
It is evident that Pacific jeans have been the clear leader in fabric purchases in Bangladesh.
Pacific Jeans has purchased the highest amount of fabrics in Bangladesh with over 37 million, followed by Ananta Group and Kenpark at almost same quantity i.e 19.2 and 19 million mtrs respectively. Other companies such as ABA Group, and M&J are following suit with purchasing 13.8 million and12.4 million meters respectively. This shows that there are huge companies in Bangladesh who can buy big amounts of fabrics for their conversions.
( Figures of Kenpark imports includes 10 million mtrs purchased from Bangladesh. Similarly Pacific Jeans has local fabrics 9.6 million mtrs, Jeans Resources 3.7 million mtrs Ananta Group and Armana Group bought almost same quantity ie 0.5 million mtrs and ABA Fashion 0.4 million mtrs ) .
Fabric Average Price (USD /Meter)
Compared to several other companies, M&J Group stand out as the companies which has paid the highest average price for fabric–at 3.9 USD per meter fabric. This is followed by Jeans 2000 at 3.86 USD and Kenpark at 3.81 USD per meter fabric.
On the other side of the equation, Trouser World and Windy Apparels have recorded the lowest prices for fabrics at 2.32 and 2.89USD per meter fabric respectively.
The data indicates that M&J Group, Jeans 2000 and Kenpark are working with better and higher end brands which enable them to either get more expensive nominated fabrics or buy better fabrics themselves for their FOB orders.
TOP 5 FABRIC BUYERS FROM BANGLADESH AND THEIR TOP 3 SUPPLIERS
In this section we list out the top 5 fabric buyers and also try to find out where they are buying their fabrics from. Each of these 5 companies have some big suppliers from different countries and we list out those suppliers below :
The top 5 buyers of fabrics in Bangladesh are Pacific, Ananta, Kenpark, Aba Fashion and M&J . And their top 3 suppliers of fabrics are as below :
As we can see from above, each of the big fabric importing companies has some fabric companies from whom they source their fabrics mainly. Many of these purchases might be nominated but it also shows the strong relationship that the garment companies have with these suppliers of fabrics from around the world.
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