| Product Code: ETC5248462 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Cape Verde continued to rely heavily on bicycle tire imports, with top exporting countries being China, Areas NES, Italy, Portugal, and Senegal. Despite the high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced a significant decline with a negative Compound Annual Growth Rate (CAGR) of -12.02% from 2020 to 2024. The growth rate from 2023 to 2024 further decreased by -13.96%, highlighting the challenges faced by the market. This data suggests a need for strategic planning and innovation to revitalize the bicycle tire import sector in Cape Verde.

In the Africa region, the Bicycle Tires market in Cabo Verde is projected to expand at a stable growth rate of 4.20% by 2027. The largest economy is Egypt, followed by South Africa, Ethiopia, Algeria and Nigeria.

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 Bicycle Tires Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Bicycle Tires Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Bicycle Tires Market - Industry Life Cycle |
3.4 Cape Verde Bicycle Tires Market - Porter's Five Forces |
3.5 Cape Verde Bicycle Tires Market Revenues & Volume Share, By Bicycle Type, 2021 & 2031F |
3.6 Cape Verde Bicycle Tires Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Cape Verde Bicycle Tires Market Revenues & Volume Share, By Tire Size, 2021 & 2031F |
3.8 Cape Verde Bicycle Tires Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 Cape Verde Bicycle Tires Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing interest in cycling and outdoor activities in Cape Verde |
4.2.2 Government initiatives promoting sustainable transportation options |
4.2.3 Increasing disposable income and urbanization leading to higher demand for bicycles |
4.2.4 Rise in health consciousness and eco-friendly lifestyle choices among consumers |
4.3 Market Restraints |
4.3.1 Limited availability of high-quality bicycle tires in the local market |
4.3.2 Import taxes and tariffs impacting the cost of bicycle tires |
4.3.3 Lack of proper infrastructure and maintenance facilities for bicycles in Cape Verde |
5 Cape Verde Bicycle Tires Market Trends |
6 Cape Verde Bicycle Tires Market Segmentations |
6.1 Cape Verde Bicycle Tires Market, By Bicycle Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Bicycle Tires Market Revenues & Volume, By Mountain, 2021-2031F |
6.1.3 Cape Verde Bicycle Tires Market Revenues & Volume, By Hybrid, 2021-2031F |
6.1.4 Cape Verde Bicycle Tires Market Revenues & Volume, By Electric, 2021-2031F |
6.1.5 Cape Verde Bicycle Tires Market Revenues & Volume, By Comfort, 2021-2031F |
6.1.6 Cape Verde Bicycle Tires Market Revenues & Volume, By Youth, 2021-2031F |
6.1.7 Cape Verde Bicycle Tires Market Revenues & Volume, By Cruiser, 2021-2031F |
6.2 Cape Verde Bicycle Tires Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Bicycle Tires Market Revenues & Volume, By Tube Tire, 2021-2031F |
6.2.3 Cape Verde Bicycle Tires Market Revenues & Volume, By Tubeless Tire, 2021-2031F |
6.2.4 Cape Verde Bicycle Tires Market Revenues & Volume, By Solid Tire, 2021-2031F |
6.3 Cape Verde Bicycle Tires Market, By Tire Size |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Bicycle Tires Market Revenues & Volume, By Upto 12 inch, 2021-2031F |
6.3.3 Cape Verde Bicycle Tires Market Revenues & Volume, By 12 to 22 inch, 2021-2031F |
6.3.4 Cape Verde Bicycle Tires Market Revenues & Volume, By Above 22 inch, 2021-2031F |
6.4 Cape Verde Bicycle Tires Market, By Sales Channel |
6.4.1 Overview and Analysis |
6.4.2 Cape Verde Bicycle Tires Market Revenues & Volume, By OEM, 2021-2031F |
6.4.3 Cape Verde Bicycle Tires Market Revenues & Volume, By Aftermarket, 2021-2031F |
7 Cape Verde Bicycle Tires Market Import-Export Trade Statistics |
7.1 Cape Verde Bicycle Tires Market Export to Major Countries |
7.2 Cape Verde Bicycle Tires Market Imports from Major Countries |
8 Cape Verde Bicycle Tires Market Key Performance Indicators |
8.1 Average number of bicycles per capita in Cape Verde |
8.2 Percentage increase in bicycle sales year-over-year |
8.3 Number of cycling events and initiatives supported by the government |
8.4 Customer satisfaction ratings for bicycle tire quality and durability |
8.5 Growth in the number of bicycle rental services in Cape Verde |
9 Cape Verde Bicycle Tires Market - Opportunity Assessment |
9.1 Cape Verde Bicycle Tires Market Opportunity Assessment, By Bicycle Type, 2021 & 2031F |
9.2 Cape Verde Bicycle Tires Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Cape Verde Bicycle Tires Market Opportunity Assessment, By Tire Size, 2021 & 2031F |
9.4 Cape Verde Bicycle Tires Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
10 Cape Verde Bicycle Tires Market - Competitive Landscape |
10.1 Cape Verde Bicycle Tires Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Bicycle Tires 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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