According to representatives of the guilds of the Nicaraguan Chamber of Leather Shoes (CNCC), and the Nicaraguan Chamber of Leather and Footwear (Camcunic), in the first six months the local production of clothing and footwear has decreased by about 30%.


Figures from the Central Bank of Nicaragua detail that from January to June of this year the value of imports of footwear and clothing reached $65 million, 8% less than the $71 million reported in the first semester of 2017.

See "Clothing: Imports increase 3%"

Alejandro Delgado, president of Camcunic, said to Elnuevodiario.com that "... This reduction in imports could be until the end of the year, because importers did not place large orders for two reasons: fear that the situation will not normalize by the end of the year and limited financing."

You may be interested in "Central America: Footwear market figures up to 2018"

On the other hand, Santos Reyes, president of CNCC, explained that "... The workshops are not producing at the same capacity, so national footwear is not being consumed. If this had not happened (crisis), everything would be different. The workshops would not have stopped production and we would have managed the growth that we had been proposing year after year, which is 12% and 14%."

Source: elnuevodiario.com.ni

Do you need more information about your business sector?

Request more information:

Your message has been sent. We will contact you shortly.

Name*

Last Name*

Email:*

Telephone (Country):*

Company:*

Title:*

Size of the Company:* Choose one... Less than 100 employees Between 100 and 500 Between 500 and 2500 More than 2500

Industry:* -None- Agro Alimentos y bebidas Construcción e infraestructura Banca y finanzas Farmacéutica y salud Servicios Retail Automotriz Energía y minería Química y plástico Bienes Raíces Educación Bienes de consumo Industria y manufactura Transporte y logística Telecomunicaciones Administración pública

Yes, I want to receive a call from a salesperson*

Comments:*  

this site is protected by reCAPTCHA and Google's privacy policy and terms of service.

Need assistance? Contact us

(506) 4001-6423

More on this topic

Footwear Manufacturing: Forecasts for Nicaragua

April 2021

produce between 8 and 9 million pairs of shoes, a figure that would double that reported in 2020 and generate revenues for companies of more than $120 million.

In the first weeks of the year, shoe sales in the Nicaraguan market showed dynamism, as more than one million pairs were sold due to the start of the school year, according to executives of the Nicaraguan Chamber of Leather and Footwear (Camcunic).

Guatemala: Record Figures for the Textile Sector

November 2018

Businessmen consider that 2018 will be a year with record sales for the country, as they projected exports of $1.724 million, a figure that would exceed 12% of what was reported in 2017.

Representatives of the Apparel and Textile Industry Association (Vestex) reported that they have recently reviewed the figures, and they estimate that this year the sector will have double-digit growth compared to 2017.

Nicaragua: Shoemakers Earn Congratulations

March 2016

The footwear industry in 2015 manufactured a record 9 million pairs of shoes with revenues above $50 million.

The 1,300 leather workshops that operate in Nicaragua generated revenues of $50 million in 2015, reaching a production of 9 million pairs of shoes, according to figures from Alejandro Delgado, president of the Chamber of Leather and Footwear and Allied Businesses, published by Elnuevodiario.com.ni.

Taxes on Textiles and Footwear Companies in Nicaragua

November 2014

The amendment to the Law on Tax Coalition sent by the Executive to the Assembly repeals the exemption from VAT on domestic production of clothing and footwear.

If the reform is approved, SMEs in these sectors will be the most affected "... as it states that they must pay Value Added Tax (VAT) and also orders that they withhold income tax, through an unclear mechanism within the fixed quota system. "