The import of footwear with uppers of leather to Mexico has shown a varied pattern over the years. From 2013 to 2019, there was a general decline with a few periods of recovery, notably in 2018 with a 9.16% increase. The year 2021 witnessed a notable growth of 6.85%, reflecting a recovery phase. The import value in 2023 stood at 280.28 million US dollars, experiencing a modest growth rate.
Forecasted data from 2024 onwards suggest a steady increase in imports, with an average CAGR of 1.1% over the next five years, culminating in a forecasted value of 300.56 million US dollars by 2028. This represents a 5.63% growth rate over the forecasted period.
Future trends to watch for include potential impacts of trade agreements, shifts in consumer preferences towards synthetic materials versus leather, and economic factors such as inflation or currency fluctuations. It will also be pivotal to monitor global supply chain dynamics and their effects on Mexico’s import capacities.
