Mexico: Footwear Market 2025

Footwear Market Size in Mexico

The Mexican footwear market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption, however, saw a perceptible decrease. Footwear consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Footwear Production in Mexico

In value terms, footwear production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced decrease. The growth pace was the most rapid in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Footwear Exports

Exports from Mexico

In 2022, shipments abroad of footwear increased by X% to X pairs, rising for the fourth consecutive year after five years of decline. Overall, exports recorded a perceptible expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, footwear exports skyrocketed to $X in 2022. Over the period under review, total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X pairs) was the main destination for footwear exports from Mexico, accounting for a X% share of total exports. It was followed by Guatemala (X pairs), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%.

In value terms, the United States ($X) remains the key foreign market for footwear exports from Mexico, comprising X% of total exports. The second position in the ranking was taken by Guatemala ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%.

Export Prices by Country

In 2022, the average footwear export price amounted to $X per pair, jumping by X% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, footwear export price decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per pair in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per pair), while the average price for exports to Guatemala totaled $X per pair.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (X%).

Footwear Imports

Imports into Mexico

In 2022, imports of footwear into Mexico soared to X pairs, increasing by X% compared with the year before. Overall, imports saw moderate growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, footwear imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X pairs) constituted the largest footwear supplier to Mexico, accounting for a X% share of total imports. Moreover, footwear imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X pairs), fourfold. The third position in this ranking was held by Indonesia (X pairs), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Indonesia (X% per year).

In value terms, China ($X) constituted the largest supplier of footwear to Mexico, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by Indonesia, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Indonesia (X% per year).

Import Prices by Country

The average footwear import price stood at $X per pair in 2022, increasing by X% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, footwear import price decreased by X% against 2020 indices. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per pair in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Cambodia ($X per pair), while the price for Brazil ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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