| Product Code: ETC4901199 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Cape Verde continued to rely on potash fertilizer imports from Spain and Portugal, indicating a strong trade relationship. The high Herfindahl-Hirschman Index (HHI) concentration suggests limited competition in the market. However, the industry experienced a significant decline with a compound annual growth rate (CAGR) of -27.38% from 2020 to 2024 and a sharp decline in growth rate of -75.41% from 2023 to 2024. This indicates a challenging environment for potash fertilizer imports in Cape Verde, highlighting the need for strategic market interventions.

Potash fertilizers are crucial for enhancing agricultural productivity in Cape Verde, where farming is a significant part of the economy. The market for potash fertilizers is driven by the need to improve soil fertility and crop yields, particularly in the face of challenging environmental conditions. As the agriculture sector grows, so does the demand for effective fertilizers, positioning the potash fertilizers market for steady growth.
The potash fertilizers market in Cape Verde is driven by the need to enhance soil fertility and crop yield in agriculture. Potash fertilizers are essential for providing potassium, a key nutrient for plant growth. The growth in agricultural activities and the increasing demand for high-quality crops support the demand for potash fertilizers.
In Cape Verde, the potash fertilizers market encounters challenges such as high import costs and a reliance on international suppliers. There is also a need for improved local distribution and supply chain logistics to ensure the availability of fertilizers to local farmers. The market faces competition from alternative fertilizers and fluctuating global prices. Additionally, there is a need for better market education on the benefits and application of potash fertilizers.
To support the potash fertilizers market, Cape Verdes government might focus on promoting the use of these fertilizers in agriculture. Policies could include providing incentives for local production and use, setting regulations for fertilizer quality and safety, and supporting research into sustainable and efficient fertilizer technologies.
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 Potash Fertilizers Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Potash Fertilizers Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Potash Fertilizers Market - Industry Life Cycle |
3.4 Cape Verde Potash Fertilizers Market - Porter's Five Forces |
3.5 Cape Verde Potash Fertilizers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cape Verde Potash Fertilizers Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cape Verde Potash Fertilizers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cape Verde Potash Fertilizers Market Trends |
6 Cape Verde Potash Fertilizers Market Segmentations |
6.1 Cape Verde Potash Fertilizers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Potash Fertilizers Market Revenues & Volume, By Muriate of Potash, 2021-2031F |
6.1.3 Cape Verde Potash Fertilizers Market Revenues & Volume, By Sulfate of Potash, 2021-2031F |
6.1.4 Cape Verde Potash Fertilizers Market Revenues & Volume, By Other Types, 2021-2031F |
6.2 Cape Verde Potash Fertilizers Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Potash Fertilizers Market Revenues & Volume, By Grains and Cereals, 2021-2031F |
6.2.3 Cape Verde Potash Fertilizers Market Revenues & Volume, By Pulses and Oilseeds, 2021-2031F |
6.2.4 Cape Verde Potash Fertilizers Market Revenues & Volume, By Commercial Crops, 2021-2031F | 6.2.5 Cape Verde Potash Fertilizers Market Revenues & Volume, By Fruits and Vegetables, 2021-2031F |
6.2.6 Cape Verde Potash Fertilizers Market Revenues & Volume, By Other Applications, 2021-2031F |
7 Cape Verde Potash Fertilizers Market Import-Export Trade Statistics |
7.1 Cape Verde Potash Fertilizers Market Export to Major Countries |
7.2 Cape Verde Potash Fertilizers Market Imports from Major Countries |
8 Cape Verde Potash Fertilizers Market Key Performance Indicators |
9 Cape Verde Potash Fertilizers Market - Opportunity Assessment |
9.1 Cape Verde Potash Fertilizers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cape Verde Potash Fertilizers Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cape Verde Potash Fertilizers Market - Competitive Landscape |
10.1 Cape Verde Potash Fertilizers Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Potash Fertilizers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |