In addition to outsourcing production to local firms or increasing the capacity of company-owned factories in Argentina, international footwear brands have recently started to explore alternative ways to mitigate the challenges posed by persistently high inflation and exchange rate volatility. One interesting approach has been to sell imported products directly in US dollars, which circumvents the need to constantly adjust prices in response to fluctuations in the value of the peso.
Given the depth of Argentina’s economic problems, import restrictions are likely to persist in some form over the forecast period. This will remain a major challenge for domestic footwear manufacturers, which are heavily dependent on inputs sourced from abroad.
Government-backed instalment payment plans that are interest-free for several months or have rates substantially lower than inflation have played a key role in stimulating footwear purchases in Argentina in recent years. The future of such plans could now be in question, however, as president-elect Javier Milei – who assumes office in December 2023 – has signalled that he aims to sharply cut public spending as part of a wider package of sweeping measures to tackle high inflation and other economic challenges.
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Understand the latest market trends and future growth opportunities for the Footwear industry in Argentina with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
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This is the aggregation of children's footwear, men's footwear and women's footwear. Includes all men’s, women’s and children’s outdoor and indoor shoes made of materials as leather, fabric or plastic. Outdoor shoes includes all dress shoes, trainers, sports shoes, sandals, boots, pumps, and high heels. Indoor shoes includes house-shoes and slippers. Items must be new when sold to the consumer; second-hand/used footwear is excluded. Antique and/or vintage footwear is also excluded. Sports footwear (broken out as a separate category) is included in total footwear figure. One pair of footwear constitutes one volume unit.See All of Our Definitions
This report originates from Passport, our Footwear research and analysis database.
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