| Product Code: ETC6679880 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of hemp-based products in Cape Verde continued to see significant growth in 2024, with top exporting countries being Portugal, Spain, Italy, Senegal, and China. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market share among these countries. With a Compound Annual Growth Rate (CAGR) of 2.57% from 2020 to 2024 and a notable growth rate of 30.25% from 2023 to 2024, the hemp-based products market in Cape Verde shows promising expansion potential and increasing interest in sustainable and eco-friendly products.

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 Hemp-Based Products Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Hemp-Based Products Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Hemp-Based Products Market - Industry Life Cycle |
3.4 Cape Verde Hemp-Based Products Market - Porter's Five Forces |
3.5 Cape Verde Hemp-Based Products Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cape Verde Hemp-Based Products Market Revenues & Volume Share, By Price, 2021 & 2031F |
3.7 Cape Verde Hemp-Based Products Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Cape Verde Hemp-Based Products Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the benefits of hemp-based products |
4.2.2 Growing demand for natural and organic products in Cape Verde |
4.2.3 Favorable government regulations supporting the hemp industry |
4.3 Market Restraints |
4.3.1 Limited availability of locally grown hemp in Cape Verde |
4.3.2 High production costs due to importation of raw materials |
4.3.3 Lack of established distribution channels for hemp-based products |
5 Cape Verde Hemp-Based Products Market Trends |
6 Cape Verde Hemp-Based Products Market, By Types |
6.1 Cape Verde Hemp-Based Products Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Hemp-Based Products Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Cape Verde Hemp-Based Products Market Revenues & Volume, By Food Products, 2021- 2031F |
6.1.4 Cape Verde Hemp-Based Products Market Revenues & Volume, By Hemp CBD, 2021- 2031F |
6.1.5 Cape Verde Hemp-Based Products Market Revenues & Volume, By Personal Care Products, 2021- 2031F |
6.1.6 Cape Verde Hemp-Based Products Market Revenues & Volume, By Industrial Products, 2021- 2031F |
6.1.7 Cape Verde Hemp-Based Products Market Revenues & Volume, By Food Supplements, 2021- 2031F |
6.1.8 Cape Verde Hemp-Based Products Market Revenues & Volume, By Consumer Textiles, 2021- 2031F |
6.2 Cape Verde Hemp-Based Products Market, By Price |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Hemp-Based Products Market Revenues & Volume, By Under US$ 50, 2021- 2031F |
6.2.3 Cape Verde Hemp-Based Products Market Revenues & Volume, By US$ 50 - US$ 100, 2021- 2031F |
6.2.4 Cape Verde Hemp-Based Products Market Revenues & Volume, By US$ 101 - US$ 200, 2021- 2031F |
6.2.5 Cape Verde Hemp-Based Products Market Revenues & Volume, By Above US$ 200, 2021- 2031F |
6.3 Cape Verde Hemp-Based Products Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Hemp-Based Products Market Revenues & Volume, By Residential, 2021- 2031F |
6.3.3 Cape Verde Hemp-Based Products Market Revenues & Volume, By Commercial, 2021- 2031F |
6.3.4 Cape Verde Hemp-Based Products Market Revenues & Volume, By Industrial, 2021- 2031F |
7 Cape Verde Hemp-Based Products Market Import-Export Trade Statistics |
7.1 Cape Verde Hemp-Based Products Market Export to Major Countries |
7.2 Cape Verde Hemp-Based Products Market Imports from Major Countries |
8 Cape Verde Hemp-Based Products Market Key Performance Indicators |
8.1 Percentage increase in the number of hemp-based products retailers in Cape Verde |
8.2 Growth in the number of hemp cultivation licenses issued by the government |
8.3 Expansion of product lines offered by hemp-based product manufacturers in Cape Verde |
9 Cape Verde Hemp-Based Products Market - Opportunity Assessment |
9.1 Cape Verde Hemp-Based Products Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cape Verde Hemp-Based Products Market Opportunity Assessment, By Price, 2021 & 2031F |
9.3 Cape Verde Hemp-Based Products Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Cape Verde Hemp-Based Products Market - Competitive Landscape |
10.1 Cape Verde Hemp-Based Products Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Hemp-Based Products 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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