Polishes in Mexico is expected to maintain fairly stable retail volume sales and see a moderate retail current value CAGR in the forecast period. Shoe polish is expected to remain the largest category in polishes in value terms, and see the strongest value growth rate, with consumers in certain economic segments favouring specialised products, and the population showing interest in preserving their footwear.
According to INEGI in its ENADID (National Survey of Demographic Dynamics), Mexico reported a total of 38.1 million homes in 2023, which was 10% more than in 2018.
Shoe polish in Mexico is set to see a static retail volume CAGR in the forecast period, due to the increasing popularity of casual attire and relaxed dress codes in office settings. Sneakers/trainers, which are easily wiped clean with a damp cloth, are now widely accepted, even when wearing a formal suit.
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Understand the latest market trends and future growth opportunities for the Polishes industry in Mexico 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.
If you're in the Polishes industry in Mexico, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Polishes
This is the aggregation of shoe, floor, furniture and metal polish.
See all of our definitionsThis report originates from Passport, our Polishes research and analysis database.
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