Footwear in Venezuela - New Market Study Published
Around 80% of footwear is imported. The process to import raw materials as well as finished goods is complicated and delays production causing shortages of certain items. Access to foreign currency is the most important factor closely followed by the process to obtain a certificate of "No National Production" required to import raw materials. The Venezuelan Chamber of Footwear and Components (CAVECAL) estimates that sales of local manufacturers have fallen to 20% in value terms since 2000.