Mexico: sales value of footwear 2018-2023
In December 2023, sales of footwear produced in Mexico amounted to approximately 3.6 billion Mexican pesos. Mexico registered the lowest sales values in April and May 2020, when footwear sales dropped by more than 85 percent in relation to the previous month. In August 2023, on the other hand, footwear sales peaked at over five billion Mexican pesos.
Apparel is on the rise
Although Mexico does not have any well-known footwear brands, the country’s retail apparel market value is expected to rise. Further, the country was one of the leading 10 footwear producers worldwide in 2022 and logged a record export value of footwear that same year.
Focus on sustainability
Mexico is expected to gain a notable share of the sustainable footwear market by 2026, and nearly half of Mexican consumers are willing to spend more for sustainable products. In 2022, Mexico was already a leading country in the worldwide non-animal leather clothing, footwear, and accessories market.
