From China to Peru, explore the spectrum of manufacturing costs in 2024, ranging from the most expensive to the most affordable
India leads with the cheapest manufacturing costs in 2024
Home to one of the world’s oldest civilizations, China follows closely behind as a cost-effective manufacturing hub
Densely populated and one of the fastest growing countries, Vietnam emerges as a competitive option for manufacturing
Thailand maintains its position as a favorable manufacturing destination
Another country from Asia is Indonesia, which offers affordable manufacturing solutions
Not only Indonesia, even Bangladesh presents competitive manufacturing costs
The Philippines also boasts cost-effective manufacturing opportunities
Tunisia ranks among the countries with relatively higher manufacturing costs in 2024
Peru is identified for its comparatively higher manufacturing expenses in the current year
Honduras stands out with its elevated manufacturing costs compared to other nations