According to the cited documentsImporting machinery
Footwear and apparel, illicit share of the market
17.5%
Likely scenario2012FUNDESA/CACIFAccording to CODECOF/CIG, the hardest-hit sectors are food and beverages, grains, tobacco, alcoholic beverages, pharmaceuticals, poultry and cement; FUNDESA/CACIF (2014) add footwear and apparel (17.5% of the market in the likely scenario). The conclusion for the investor: industrial machinery does not compete with smuggling, but local sales of the finished product may well do so - for a consumer-goods manufacturer the relevant competitor may not be another formal importer but contraband.
