| Product Code: ETC6682541 | 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 |
Cape Verde continues to see strong growth in hemp CBD import shipments, with top exporting countries in 2024 being Portugal, Spain, Italy, Senegal, and China. The market remains highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stands at 2.57%, with an impressive growth rate of 30.25% from 2023 to 2024. This data suggests a growing demand for hemp CBD products in Cape Verde, driven by imports from key international suppliers.

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 CBD Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Hemp CBD Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Hemp CBD Market - Industry Life Cycle |
3.4 Cape Verde Hemp CBD Market - Porter's Five Forces |
3.5 Cape Verde Hemp CBD Market Revenues & Volume Share, By Sale Type, 2021 & 2031F |
3.6 Cape Verde Hemp CBD Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Cape Verde Hemp CBD Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness and acceptance of CBD products for health and wellness purposes in Cape Verde. |
4.2.2 Favorable government regulations and policies supporting the cultivation and sale of hemp CBD products. |
4.2.3 Growing demand for natural and organic products in the Cape Verde market. |
4.3 Market Restraints |
4.3.1 Limited infrastructure and resources for hemp cultivation and CBD product manufacturing in Cape Verde. |
4.3.2 Lack of established distribution channels and retail presence for hemp CBD products in the local market. |
5 Cape Verde Hemp CBD Market Trends |
6 Cape Verde Hemp CBD Market, By Types |
6.1 Cape Verde Hemp CBD Market, By Sale Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Hemp CBD Market Revenues & Volume, By Sale Type, 2021- 2031F |
6.1.3 Cape Verde Hemp CBD Market Revenues & Volume, By B2B, 2021- 2031F |
6.1.4 Cape Verde Hemp CBD Market Revenues & Volume, By B2C, 2021- 2031F |
6.2 Cape Verde Hemp CBD Market, By End Use |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Hemp CBD Market Revenues & Volume, By Medical, 2021- 2031F |
6.2.3 Cape Verde Hemp CBD Market Revenues & Volume, By Personal, 2021- 2031F |
6.2.4 Cape Verde Hemp CBD Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F |
6.2.5 Cape Verde Hemp CBD Market Revenues & Volume, By Wellness, 2021- 2031F |
7 Cape Verde Hemp CBD Market Import-Export Trade Statistics |
7.1 Cape Verde Hemp CBD Market Export to Major Countries |
7.2 Cape Verde Hemp CBD Market Imports from Major Countries |
8 Cape Verde Hemp CBD Market Key Performance Indicators |
8.1 Number of licensed hemp CBD producers and cultivators in Cape Verde. |
8.2 Percentage increase in the adoption of hemp CBD products among consumers. |
8.3 Growth in the number of retail outlets offering hemp CBD products in Cape Verde. |
8.4 Percentage of market penetration of hemp CBD products in the overall wellness industry in Cape Verde. |
8.5 Average price per unit of hemp CBD products in Cape Verde. |
9 Cape Verde Hemp CBD Market - Opportunity Assessment |
9.1 Cape Verde Hemp CBD Market Opportunity Assessment, By Sale Type, 2021 & 2031F |
9.2 Cape Verde Hemp CBD Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Cape Verde Hemp CBD Market - Competitive Landscape |
10.1 Cape Verde Hemp CBD Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Hemp CBD 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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