| Product Code: ETC5365768 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Cape Verde`s aluminum import shipments continued to showcase a high level of concentration, with the top exporting countries being Areas, nes, China, Netherlands, and Portugal. Despite a significant negative CAGR of -32.4% from 2020 to 2024, there was a slight improvement in the growth rate from 2023 to 2024, with a decline of -27.51%. This data suggests a challenging market environment for aluminum imports in Cape Verde, indicating a need for strategic planning and market diversification to address the declining trends.

The Aluminum market in Cabo Verde is projected to grow at a exponential growth rate of 15.40% by 2027, within the Africa region led by Egypt, along with other countries like South Africa, Ethiopia, Algeria and Nigeria, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cape Verde Aluminum Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Aluminum Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Aluminum Market - Industry Life Cycle |
3.4 Cape Verde Aluminum Market - Porter's Five Forces |
3.5 Cape Verde Aluminum Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cape Verde Aluminum Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Cape Verde Aluminum Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Cape Verde Aluminum Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing construction activities in Cape Verde leading to higher demand for aluminum products |
4.2.2 Growth in the tourism sector driving the need for infrastructure development and aluminum-based products |
4.2.3 Government initiatives promoting industrialization and encouraging investments in aluminum manufacturing sector |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting the production cost of aluminum products |
4.3.2 Competition from other alternative materials like steel or plastic affecting the market share of aluminum |
4.3.3 Economic instability and currency fluctuations impacting the overall market growth |
5 Cape Verde Aluminum Market Trends |
6 Cape Verde Aluminum Market Segmentations |
6.1 Cape Verde Aluminum Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Aluminum Market Revenues & Volume, By Primary, 2021-2031F |
6.1.3 Cape Verde Aluminum Market Revenues & Volume, By Secondary, 2021-2031F |
6.2 Cape Verde Aluminum Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Aluminum Market Revenues & Volume, By Flat Rolled, 2021-2031F |
6.2.3 Cape Verde Aluminum Market Revenues & Volume, By Castings? , 2021-2031F |
6.2.4 Cape Verde Aluminum Market Revenues & Volume, By Extrusions? , 2021-2031F |
6.2.5 Cape Verde Aluminum Market Revenues & Volume, By Forgings? , 2021-2031F |
6.2.6 Cape Verde Aluminum Market Revenues & Volume, By Pigments & Powder, 2021-2031F |
6.2.7 Cape Verde Aluminum Market Revenues & Volume, By Rod & Bar, 2021-2031F |
6.3 Cape Verde Aluminum Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Aluminum Market Revenues & Volume, By Transport, 2021-2031F |
6.3.3 Cape Verde Aluminum Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.3.4 Cape Verde Aluminum Market Revenues & Volume, By Electrical Engineering, 2021-2031F |
6.3.5 Cape Verde Aluminum Market Revenues & Volume, By Consumer Goods, 2021-2031F |
6.3.6 Cape Verde Aluminum Market Revenues & Volume, By Foil & Packaging, 2021-2031F |
6.3.7 Cape Verde Aluminum Market Revenues & Volume, By Machinery & Equipment, 2021-2031F |
7 Cape Verde Aluminum Market Import-Export Trade Statistics |
7.1 Cape Verde Aluminum Market Export to Major Countries |
7.2 Cape Verde Aluminum Market Imports from Major Countries |
8 Cape Verde Aluminum Market Key Performance Indicators |
8.1 Energy efficiency in aluminum production processes |
8.2 Recycling rate of aluminum products in Cape Verde |
8.3 Adoption rate of advanced technologies in the aluminum manufacturing sector |
9 Cape Verde Aluminum Market - Opportunity Assessment |
9.1 Cape Verde Aluminum Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cape Verde Aluminum Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Cape Verde Aluminum Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 Cape Verde Aluminum Market - Competitive Landscape |
10.1 Cape Verde Aluminum Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Aluminum Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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