| Product Code: ETC4648233 | 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 see significant imports of home decor products, with top suppliers being Portugal, China, Spain, USA, and Brazil. The market showed a shift from very high concentration in 2023 to high concentration in 2024, indicating a competitive landscape. Despite a negative CAGR of -2.96% from 2020 to 2024, the drastic growth rate decline of -51.57% from 2023 to 2024 may suggest short-term challenges in the industry. The presence of diverse suppliers from different regions underscores the global nature of Cape Verde`s home decor import market.

By 2027, Cabo Verde's Home Decor market is forecasted to achieve a growing growth rate of 8.55%, with Egypt leading the Africa region, followed by South Africa, Ethiopia, Algeria and Nigeria.

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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