| Product Code: ETC4982595 | 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 rely on imports of artificial flowers, with Portugal, China, Paraguay, Spain, and the Netherlands emerging as the top exporting countries. The market concentration, as indicated by the High Herfindahl-Hirschman Index (HHI), remained at high levels. The compound annual growth rate (CAGR) from 2020 to 2024 stood at 3.3%, showing steady growth in the market. Furthermore, the impressive growth rate of 15.98% from 2023 to 2024 signals a significant uptick in demand for artificial flowers in Cape Verde.

By 2027, Cabo Verde's Artificial Flowers market is forecasted to achieve a high growth rate of 11.84%, with Egypt leading the Africa region, followed by South Africa, Ethiopia, Algeria and Nigeria.

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 Artificial Flowers Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Artificial Flowers Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Artificial Flowers Market - Industry Life Cycle |
3.4 Cape Verde Artificial Flowers Market - Porter's Five Forces |
3.5 Cape Verde Artificial Flowers Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.6 Cape Verde Artificial Flowers Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cape Verde Artificial Flowers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cape Verde Artificial Flowers Market Trends |
6 Cape Verde Artificial Flowers Market Segmentations |
6.1 Cape Verde Artificial Flowers Market, By Material Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Artificial Flowers Market Revenues & Volume, By Clay & Porcelain, 2021-2031F |
6.1.3 Cape Verde Artificial Flowers Market Revenues & Volume, By Cotton & Silk, 2021-2031F |
6.1.4 Cape Verde Artificial Flowers Market Revenues & Volume, By Leather & Nylon, 2021-2031F |
6.1.5 Cape Verde Artificial Flowers Market Revenues & Volume, By Paper & Wax, 2021-2031F |
6.1.6 Cape Verde Artificial Flowers Market Revenues & Volume, By Plastic & Polyester, 2021-2031F |
6.2 Cape Verde Artificial Flowers Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Artificial Flowers Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.3 Cape Verde Artificial Flowers Market Revenues & Volume, By Residential, 2021-2031F |
7 Cape Verde Artificial Flowers Market Import-Export Trade Statistics |
7.1 Cape Verde Artificial Flowers Market Export to Major Countries |
7.2 Cape Verde Artificial Flowers Market Imports from Major Countries |
8 Cape Verde Artificial Flowers Market Key Performance Indicators |
9 Cape Verde Artificial Flowers Market - Opportunity Assessment |
9.1 Cape Verde Artificial Flowers Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.2 Cape Verde Artificial Flowers Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cape Verde Artificial Flowers Market - Competitive Landscape |
10.1 Cape Verde Artificial Flowers Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Artificial Flowers 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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