New Market Report: Polishes in Venezuela
Polishes recorded retail volume growth of 2% and current value growth of 32% in 2013. This discrepancy can be attributed to the fact that inflation continued to push up costs. Polishes grew faster in current value terms in 2013 than in the review period (CAGR of 23%), as Venezuelan companies had difficulty obtaining foreign currency for the import of finished goods or the raw materials required for the manufacture of products, and this is set to remain, as Cadivi gives...
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