| Product Code: ETC5516704 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Cape Verde continues to see a robust growth in carpets & rugs imports, with top exporting countries being Portugal, China, Spain, USA, and Italy in 2024. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The impressive Compound Annual Growth Rate (CAGR) of 13.62% from 2020 to 2024 highlights sustained expansion. The exceptional growth rate of 91.68% from 2023 to 2024 suggests a significant surge in demand, signaling opportunities for both local retailers and international suppliers in the Cape Verdean market.

The Carpets & Rugs market in Cabo Verde is projected to grow at a stable growth rate of 2.26% by 2027, highlighting the country's increasing focus on advanced technologies within the Africa region, where Egypt holds the dominant position, followed closely by South Africa, Ethiopia, Algeria and Nigeria, shaping overall regional demand.

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 Carpets & Rugs Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Carpets & Rugs Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Carpets & Rugs Market - Industry Life Cycle |
3.4 Cape Verde Carpets & Rugs Market - Porter's Five Forces |
3.5 Cape Verde Carpets & Rugs Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.6 Cape Verde Carpets & Rugs Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Cape Verde Carpets & Rugs Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Cape Verde Carpets & Rugs Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing tourism industry in Cape Verde leading to increased demand for hospitality carpets and rugs. |
4.2.2 Rising disposable income levels among the local population driving the demand for home decor products like carpets and rugs. |
4.2.3 Government initiatives promoting the textile industry in Cape Verde, leading to the growth of the carpets and rugs market. |
4.3 Market Restraints |
4.3.1 High import duties on raw materials impacting the production costs of carpets and rugs. |
4.3.2 Limited availability of skilled labor for carpet and rug manufacturing in Cape Verde. |
5 Cape Verde Carpets & Rugs Market Trends |
6 Cape Verde Carpets & Rugs Market Segmentations |
6.1 Cape Verde Carpets & Rugs Market, By Material Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Carpets & Rugs Market Revenues & Volume, By Nylon, 2021-2031F |
6.1.3 Cape Verde Carpets & Rugs Market Revenues & Volume, By Polyester, 2021-2031F |
6.1.4 Cape Verde Carpets & Rugs Market Revenues & Volume, By Polypropylene, 2021-2031F |
6.1.5 Cape Verde Carpets & Rugs Market Revenues & Volume, By Cotton, 2021-2031F |
6.1.6 Cape Verde Carpets & Rugs Market Revenues & Volume, By Wool, 2021-2031F |
6.1.7 Cape Verde Carpets & Rugs Market Revenues & Volume, By Silk, 2021-2031F |
6.2 Cape Verde Carpets & Rugs Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Carpets & Rugs Market Revenues & Volume, By Woven, 2021-2031F |
6.2.3 Cape Verde Carpets & Rugs Market Revenues & Volume, By Tufted, 2021-2031F |
6.2.4 Cape Verde Carpets & Rugs Market Revenues & Volume, By Knotted, 2021-2031F |
6.2.5 Cape Verde Carpets & Rugs Market Revenues & Volume, By Needle-Punched, 2021-2031F |
6.2.6 Cape Verde Carpets & Rugs Market Revenues & Volume, By Others, 2021-2031F |
6.3 Cape Verde Carpets & Rugs Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Carpets & Rugs Market Revenues & Volume, By Residential, 2021-2031F |
6.3.3 Cape Verde Carpets & Rugs Market Revenues & Volume, By Commercial, 2021-2031F |
7 Cape Verde Carpets & Rugs Market Import-Export Trade Statistics |
7.1 Cape Verde Carpets & Rugs Market Export to Major Countries |
7.2 Cape Verde Carpets & Rugs Market Imports from Major Countries |
8 Cape Verde Carpets & Rugs Market Key Performance Indicators |
8.1 Average selling price of carpets and rugs in Cape Verde. |
8.2 Number of new carpet and rug designs introduced in the market. |
8.3 Percentage of households in Cape Verde owning at least one carpet or rug. |
9 Cape Verde Carpets & Rugs Market - Opportunity Assessment |
9.1 Cape Verde Carpets & Rugs Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.2 Cape Verde Carpets & Rugs Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Cape Verde Carpets & Rugs Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Cape Verde Carpets & Rugs Market - Competitive Landscape |
10.1 Cape Verde Carpets & Rugs Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Carpets & Rugs Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |