Growing Middle Class Drives Mexican Footwear Industry
Mexico stands number eight in the list of top global footwear manufacturers. World renowned for its traditional expertise in footwear manufacturing, Mexico has grown leaps and bounds in innovative technological know-how, foreign trade and domestic consumption of indigenous footwear. Demographic dividend is the major driver for rising domestic consumption of footwear in Mexico. RNCOS latest research reveals that footwear sales in Mexico shall grow at a CAGR of around 6% during 2012-2017 driven by growing middle class population which accounts...
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