Positive year in footwear manufacturing
Argentine footwear production reached 90 million pairs in the first nine months of 2022, which represented a 20% increase compared to the same period of the previous year, according to figures provided by IES Consultores.
In addition, the Weekly Economic Report of the Footwear Sector reported that the reactivation in the manufacture of these items is the consequence of the lack of foreign currency to purchase imported final products, added to tariff protection, import substitution and an increase in the domestic market demand.
The prospects at the end of 2022, is that 120 million pairs will be manufactured, increasing by 18.8% compared to the previous year.