Home / Knowledge / News / USA sets eyes on Nicaragua as footwear supplier
USA sets eyes on Nicaragua as footwear supplier
16
Apr '12
The Footwear Distributors and Retailers of America (FDRA), in its recently published 2012 Annual Footwear Sourcing Forecast, showcased Nicaragua as a "rising star" with great potential to increase its footwear exports to the U.S.

According to the 2012 forecast, U.S. footwear imports from China accounted for 85.3 percent of all U.S. footwear imports in 2011, the lowest market percentage in seven years.

The U.S. should thus seek to restructure its sourcing strategies and options due to China's increasing prices, shortages in labor and increased compliance costs, and "keep an eye on Cambodia, Bangladesh and Nicaragua".

Additionally, the report mentions that imports into the U.S. will continue to grow from US$22.7 billion in 2011 to US$25.2 billion by 2016, which gives room for emerging sources, such as Nicaragua, to substantially increase its exports into the country.

Due to the positive development and investment opportunities in Nicaragua's footwear manufacturing sector, the country will be hosting an international forum titled "Nicaragua, The Right Step", during June 13th and 14th, in the city of Managua. The event organized by PRONicaragua, the official investment promotion agency of Nicaragua, will give participants the unique opportunity to learn why the country has become an attractive and increasingly competitive production platform for this industry. Renowned international speakers and participants are expected to attend this unprecedented event.

Schmidt Irmaos, a Brazilian women's footwear manufacturing company, began operations in Nicaragua in 2010, with plans to generate up to 4,000 job opportunities. Brazilian shoe manufacturer ANIGER also began operations in the country in 2011 with plans to create a total of 1,200 jobs and produce up to 10,000 pairs of shoes a day.

PRONicaragua is the Nicaraguan Investment Promotion Agency, established in 2002. It is a non-profit, public-private institution whose mission is to generate economic growth and job creation in Nicaragua by attracting high-quality foreign direct investment. The agency provides complimentary support services to qualified investors seeking investment opportunities in our country.

PRONicaragua


Must ReadView All

Apparel/Garments | On 26th Sep 2017

US raises annual AGOA quota for textiles

The US Committee for the Implementation of Textile Agreements has...

Textiles | On 26th Sep 2017

Thrace-LINQ expanding Dorchester County operations

Thrace-LINQ, a global supplier of fabrics for the textile industry,...

Courtesy: Levis

Fashion | On 26th Sep 2017

Google unveils smart denim jacket with Levi Strauss

Ending the months-long wait, Google has unveiled its smart denim...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
75.5%
No
12.2%
Skip
12.2%

Total Votes: 49

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.3%
No
24.5%
Skip
12.2%

Total Votes: 49

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.8%
No
6.1%
Skip
6.1%

Total Votes: 49

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
71.4%
No
10.2%
Skip
18.4%

Total Votes: 49


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search