| Product Code: ETC5096044 | 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 |
Cape Verde`s import of drawing pencils in 2024 continued to be dominated by key suppliers such as Portugal, France, Spain, China, and the United States. The high Herfindahl-Hirschman Index (HHI) suggests a concentrated market, indicating significant market power among these countries. With a notable compound annual growth rate (CAGR) of 12.89% from 2020 to 2024, and a remarkable growth rate of 53.67% from 2023 to 2024, the import market for drawing pencils in Cape Verde shows strong potential and growth opportunities for both suppliers and local businesses.

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 Drawing Pencil Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Drawing Pencil Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Drawing Pencil Market - Industry Life Cycle |
3.4 Cape Verde Drawing Pencil Market - Porter's Five Forces |
3.5 Cape Verde Drawing Pencil Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cape Verde Drawing Pencil Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cape Verde Drawing Pencil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing interest in art and creative activities among the population in Cape Verde |
4.2.2 Increasing disposable income leading to higher spending on premium drawing pencils |
4.2.3 Growing popularity of online platforms for purchasing art supplies |
4.3 Market Restraints |
4.3.1 Limited availability of high-quality drawing pencils in the local market |
4.3.2 High import costs and customs duties leading to higher prices for drawing pencils |
4.3.3 Lack of awareness about the benefits of using professional drawing pencils among consumers |
5 Cape Verde Drawing Pencil Market Trends |
6 Cape Verde Drawing Pencil Market Segmentations |
6.1 Cape Verde Drawing Pencil Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Drawing Pencil Market Revenues & Volume, By Graphite Pencil, 2021-2031F |
6.1.3 Cape Verde Drawing Pencil Market Revenues & Volume, By Colored Pencil, 2021-2031F |
6.1.4 Cape Verde Drawing Pencil Market Revenues & Volume, By Others, 2021-2031F |
6.2 Cape Verde Drawing Pencil Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Drawing Pencil Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.3 Cape Verde Drawing Pencil Market Revenues & Volume, By School, 2021-2031F |
6.2.4 Cape Verde Drawing Pencil Market Revenues & Volume, By Others, 2021-2031F |
7 Cape Verde Drawing Pencil Market Import-Export Trade Statistics |
7.1 Cape Verde Drawing Pencil Market Export to Major Countries |
7.2 Cape Verde Drawing Pencil Market Imports from Major Countries |
8 Cape Verde Drawing Pencil Market Key Performance Indicators |
8.1 Number of art workshops and events organized in Cape Verde |
8.2 Percentage of art students using professional drawing pencils |
8.3 Growth in online sales of drawing pencils in Cape Verde |
8.4 Number of local art supply stores stocking premium drawing pencils |
8.5 Participation rate in art competitions and exhibitions in Cape Verde |
9 Cape Verde Drawing Pencil Market - Opportunity Assessment |
9.1 Cape Verde Drawing Pencil Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cape Verde Drawing Pencil Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cape Verde Drawing Pencil Market - Competitive Landscape |
10.1 Cape Verde Drawing Pencil Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Drawing Pencil 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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