| Product Code: ETC4817010 | 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 heavily rely on canned tuna imports, with Spain, Portugal, France, USA, and the Netherlands being the top exporting countries. Despite a high concentration level indicated by the HHI, the market experienced a significant CAGR of 15.14% from 2020 to 2024. However, there was a notable decline in growth rate from 2023 to 2024 at -30.31%, suggesting potential challenges or shifts in the market dynamics. Monitoring these trends will be crucial for stakeholders in the canned tuna import industry in Cape Verde.

Cabo Verde's Canned Tuna market is anticipated to experience a stable growth rate of 4.66% by 2027, reflecting trends observed in the largest economy Egypt, followed by South Africa, Ethiopia, Algeria and Nigeria.

The canned tuna market in Cape Verde is a significant segment of the canned seafood market, driven by the popularity of tuna as a protein source. Canned tuna is valued for its convenience and long shelf life. The local market relies on imports, as domestic production is minimal. The demand for canned tuna is influenced by consumer preferences, retail growth, and import costs. As the retail sector expands and consumer preferences evolve, there is potential for increased demand for canned tuna in Cape Verde.
The canned tuna market in Cape Verde experiences growth due to its popularity as a convenient and nutritious food option. The increasing demand for ready-to-eat seafood products and the rising awareness of the health benefits of tuna contribute to market expansion. Additionally, advancements in canning technology and the expansion of distribution channels support market growth.
The Cape Verde Canned Tuna market faces several challenges, including high import costs and limited local processing capabilities. The market`s reliance on imported tuna affects pricing and availability. Additionally, fluctuations in global tuna prices and competition from other canned seafood products impact market dynamics and profitability.
The canned tuna market in Cape Verde is governed by regulations that focus on food safety and quality. The government sets standards for the processing, packaging, and labeling of canned tuna to ensure that it meets health and safety requirements. Regulations cover import requirements and quality control measures to prevent contamination. There are also incentives for local producers to invest in technology and practices that enhance the quality and safety of canned tuna products.
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 Canned Tuna Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Canned Tuna Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Canned Tuna Market - Industry Life Cycle |
3.4 Cape Verde Canned Tuna Market - Porter's Five Forces |
3.5 Cape Verde Canned Tuna Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Cape Verde Canned Tuna Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Cape Verde Canned Tuna Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cape Verde Canned Tuna Market Trends |
6 Cape Verde Canned Tuna Market Segmentations |
6.1 Cape Verde Canned Tuna Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Canned Tuna Market Revenues & Volume, By Skipjack, 2021-2031F |
6.1.3 Cape Verde Canned Tuna Market Revenues & Volume, By Yellowfin, 2021-2031F |
6.1.4 Cape Verde Canned Tuna Market Revenues & Volume, By Others, 2021-2031F |
6.2 Cape Verde Canned Tuna Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Canned Tuna Market Revenues & Volume, By Hypermarket & Supermarket, 2021-2031F |
6.2.3 Cape Verde Canned Tuna Market Revenues & Volume, By Specialty Stores, 2021-2031F |
6.2.4 Cape Verde Canned Tuna Market Revenues & Volume, By Online, 2021-2031F |
7 Cape Verde Canned Tuna Market Import-Export Trade Statistics |
7.1 Cape Verde Canned Tuna Market Export to Major Countries |
7.2 Cape Verde Canned Tuna Market Imports from Major Countries |
8 Cape Verde Canned Tuna Market Key Performance Indicators |
9 Cape Verde Canned Tuna Market - Opportunity Assessment |
9.1 Cape Verde Canned Tuna Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Cape Verde Canned Tuna Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Cape Verde Canned Tuna Market - Competitive Landscape |
10.1 Cape Verde Canned Tuna Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Canned Tuna 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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