Low demand for Venezuelan products
Traditionally, the Venezuelan footwear industry has focused on high-quality and leather-manufactured models. However, this offering is currently not in demand by consumers, according to the president of the Venezuelan Chamber of Footwear (CAVECAL) -Toni Di Benedetto-.
Given this and due to tax-free imports and the decline in purchasing power, domestic production in the sector only covers between 20% and 25% of the demand in the country, as reported by local media.