This analysis explores Vietnamese garment producers’ sourcing of denim fabrics from Pakistan in 2023. It provides insights into the fabric purchases, quantities involved, pricing dynamics, and the market share of the top 15 importing companies. The study offers a detailed overview of the denim sourcing practices between Vietnam and Pakistan during April 2022 – 2023.
[private_special] An important revelation in this report is that few Vietnamese brands of considerable stature accounted for approximately 96% of the total denim fabric procurement from Pakistan.
MARKET SHARE OF PAKISTAN MILLS SUPPLYING DENIM FABRIC TO VIETNAMESE
The graph provided showcases the leading 15 Vietnamese companies that procured fabrics during the given period, along with their respective approximate quantities.
The accompanying pie chart reveals that Saitex claimed the top position as the market leader, capturing a significant market share of 19.2%. Following closely behind are PhongPhu, Gatexim, YDVL, and Padmac, which accounted for 17.9%, 12.7%, 12.3%, and 6.3% respectively in terms of the overall quantity of fabric purchases.
TOP 15 COMPANIES IMPORTING DENIM FABRICS FROM PAKISTAN (LAKH MTRS)
Leading Vietnamese Companies Make Waves in Denim Fabric Purchases
- Saitex Takes the Lead: Saitex has set a remarkable record in Vietnam, securing the highest amount of fabric purchases. They acquired an impressive 8.34 lakhs of denim fabrics at a value of 4.47 million USD. The average price per piece of denim fabric stood at 5.37 USD per mtr. Of course, most of these fabrics are imported against nominations from brands by Saitex and some other companies.
- Phong Phu International’s Strong Presence: Phong Phu International closely follows Saitex with a substantial purchase of 7.78 lakhs denim fabrics, totaling a value of 2.8 million USD. Their average price per piece of denim fabric was 3.61 USD per meter
- Gatexim and YDVL (CRYSTAL GROUP) Step Up: Gatexim and YDVL made significant purchases of denim fabric , acquiring 5.52 lakhs and 5.34 lakhs meters respectively. The average price per mtr of denim fabric was 3.67 USD for Gatexim and 3.62 USD for YDVL.
These leading Vietnamese companies have made a significant impact in the denim fabric industry.
TOP 5 FABRIC BUYERS FROM VIETNAM AND THEIR TOP 3 SUPPLIERS
In the rapidly evolving fashion industry of today, acquiring high-quality fabrics holds utmost importance. This is why numerous companies rely on reputable fabric buyers to fulfill their fabric requirements. Our focus is on the top 5 fabric buyers worldwide, exploring their sourcing practices and the suppliers they engage with. By identifying the suppliers from various countries that these companies utilize for material procurement, we aim to provide valuable insights into the industry.
The graph below displays the leading suppliers and their corresponding buyers, indicating the quantity purchased in lakhs per denim fabric meter.
Among the leading fabric buyers in Vietnam, the top 5 are Saitex, Phong Phu, Gatexim, YDVL(Crystal) , and Padmac. Let’s now delve into the top 3 suppliers of fabrics for these companies:
According to estimations, Vietnamese brands acquired approximately 4.52 million units of denim fabrics from Pakistan between 2022 and 2023. It is possible that the actual quantities surpass this figure. [/private_special]
Pakistan plays a vital role as a leading denim fabric producer and supplier. The analysis focuses on top denim garment companies in Vietnam, their purchasing patterns, and strong relationships with fabric suppliers worldwide. This understanding enables informed decision-making for stakeholders.
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