| Product Code: ETC6679873 | 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 |
In 2024, Cape Verde continued to rely heavily on Portugal for hemp oil imports, with a high Herfindahl-Hirschman Index indicating a concentrated market. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a strong 13.73%, showcasing sustained market expansion. Furthermore, the growth rate from 2023 to 2024 accelerated to 7.88%, indicating a positive trend in hemp oil import demand for Cape Verde. This data suggests a promising outlook for the hemp oil market in Cape Verde, with Portugal playing a significant role in meeting the country`s import needs.

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 Oil Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Hemp Oil Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Hemp Oil Market - Industry Life Cycle |
3.4 Cape Verde Hemp Oil Market - Porter's Five Forces |
3.5 Cape Verde Hemp Oil Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Cape Verde Hemp Oil Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cape Verde Hemp Oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of hemp oil |
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 sourced hemp for oil production |
4.3.2 High production costs associated with hemp cultivation and extraction in Cape Verde |
5 Cape Verde Hemp Oil Market Trends |
6 Cape Verde Hemp Oil Market, By Types |
6.1 Cape Verde Hemp Oil Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Hemp Oil Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Cape Verde Hemp Oil Market Revenues & Volume, By CBD Oil, 2021- 2031F |
6.1.4 Cape Verde Hemp Oil Market Revenues & Volume, By Hemp Essential Oil, 2021- 2031F |
6.1.5 Cape Verde Hemp Oil Market Revenues & Volume, By Hemp Seed Oil, 2021- 2031F |
6.2 Cape Verde Hemp Oil Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Hemp Oil Market Revenues & Volume, By Personal Care Products, 2021- 2031F |
6.2.3 Cape Verde Hemp Oil Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F |
6.2.4 Cape Verde Hemp Oil Market Revenues & Volume, By Nutraceuticals, 2021- 2031F |
6.2.5 Cape Verde Hemp Oil Market Revenues & Volume, By Food and Beverages, 2021- 2031F |
6.2.6 Cape Verde Hemp Oil Market Revenues & Volume, By Industrial Uses, 2021- 2031F |
6.2.7 Cape Verde Hemp Oil Market Revenues & Volume, By Others, 2021- 2031F |
7 Cape Verde Hemp Oil Market Import-Export Trade Statistics |
7.1 Cape Verde Hemp Oil Market Export to Major Countries |
7.2 Cape Verde Hemp Oil Market Imports from Major Countries |
8 Cape Verde Hemp Oil Market Key Performance Indicators |
8.1 Number of new hemp oil products introduced in the Cape Verde market |
8.2 Consumer satisfaction levels with hemp oil products |
8.3 Percentage of increase in hemp cultivation area in Cape Verde |
9 Cape Verde Hemp Oil Market - Opportunity Assessment |
9.1 Cape Verde Hemp Oil Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Cape Verde Hemp Oil Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cape Verde Hemp Oil Market - Competitive Landscape |
10.1 Cape Verde Hemp Oil Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Hemp Oil 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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