Imports of footwear and clothing fell 8% in the first half of the year compared to the same period in 2017, and production in the country contracted by around 30%.
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%.
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. The amount is 36 times higher than 20 years ago when the industry was manufacturing only 250,000 pairs of shoes.
Reversing the trend of previous years, increased leather stocks have allowed the industry to project a 20% growth in annual production of shoes this year.
The growth in inventories comes in addition to an improvement in the quality of leather being received by shoe manufacturers, who say that this is mainly due to the fact that the leather they now mostly get comes from the processing plant belonging to the Mexican company SuKarne which started operating this year.
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