Mex­ico’s Footwear Ex­ports Down

Shoes & Accessories - - The Month That Was | Updates I International -

The value of Mex­i­can footwear ex­ports fell by 11.23% dur­ing the first seven month of the year com­pared to the same pe­riod in 2016, ac­cord­ing to COFOCE - Co­or­di­nadora de Fo­mento al Comer­cio Ex­te­rior de Gua­na­ju­ato. Ac­cord­ing to the same source the num­ber of pairs sold abroad in the pe­riod de­clined by 2.4%. A degra­da­tion in the av­er­age price per pair also took place in the first seven months of the year: $18.56 com­pares to $ 20.43 in sim­i­lar pe­riod last year.

COFOCE is ex­pect­ing that the de­clin­ing trend will con­tinue in the com­ing months, es­pe­cially as the re­sult of a weak do­mes­tic cur­rency and fluc­tu­a­tions. The per­for­mance of the do­mes­tic mar­ket, how­ever, con­tin­ues on pos­i­tive ground, with in­creases in pro­duc­tion and con­sump­tion. Ac­cord­ing to the lat­est edi­tion of the World Footwear Year­book, Mex­ico is one of the top 10 footwear pro­duc­ers in the world with a strong in­dus­try heav­ily con­cen­trated in Gua­na­ju­ato. Pro­duc­tion in 2016 reached 254 mil­lion pairs, cor­re­spond­ing to a 1.1% share in world to­tal.

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