Market share is expected to expand
The share of the Venezuelan market held by the local industry was around 80% of the total, but this proportion was limited due to imports, according to what Tony Di Benedetto -vice president of the Venezuelan Chamber of Footwear and Components (CAVECAL)- declared to Unión Radio.
Even so, from the sector they considered that, at the end of 2022, sales of national footwear would reach 30% of the market. This, despite the difficulties that the industry had to go through, related to the purchase of raw materials, financing and labor.