2014-01-23 14:37:01 - Mexico Footwear Outlook to 2017 - a new market research report on companiesandmarkets.com
World renowned for its traditional expertise in footwear manufacturing, Mexico has grown leaps and bounds in innovative technological know-how, foreign trade and domestic consumption of local footwear. Guanajuato, the hub of leather and footwear industry in the country, has developed over time to compete against major international rivals such as China, Vietnam, and Indonesia among others. Comparatively shorter production cycles and latest trends in manufacturing give the country an upper hand over voluminous production and sales models by the said rivals.
While geographic vicinity of Mexico with US and Canada helps generate foreign trade in its premium manufacturing segment, the massive increase in domestic midle-class population and rising disposable incomes of natives have given momentum to the footwear industry of the
Footwear sales in Mexico are expected to grow at a CAGR of around 6% during 2012-2017. The company´s report is a detail study of major advancements in the past couple of years, and a well-drawn analysis of domestic and international trade.
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