| Product Code: ETC5853726 | 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`s diving equipment import market in 2024 continued to show a concentration of shipments from top exporters such as Germany, Portugal, Turkey, Cyprus, and Spain. The High Herfindahl-Hirschman Index (HHI) indicates sustained market dominance. The impressive Compound Annual Growth Rate (CAGR) of 42.34% from 2020 to 2024 highlights the expanding demand for diving equipment in Cape Verde. Additionally, the growth rate of 10.43% in 2024 signifies a promising upward trend for the industry, indicating potential opportunities for both existing and new players in the market.

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 Diving Equipment Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Diving Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Diving Equipment Market - Industry Life Cycle |
3.4 Cape Verde Diving Equipment Market - Porter's Five Forces |
3.5 Cape Verde Diving Equipment Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cape Verde Diving Equipment Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Cape Verde Diving Equipment Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Cape Verde Diving Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in tourism industry in Cape Verde leading to increased demand for diving equipment |
4.2.2 Rising popularity of water sports activities in Cape Verde |
4.2.3 Increased disposable income of individuals leading to higher spending on recreational activities |
4.3 Market Restraints |
4.3.1 High import costs and customs duties on diving equipment in Cape Verde |
4.3.2 Limited awareness and availability of specialized diving equipment in the market |
4.3.3 Seasonal nature of diving activities impacting consistent demand for diving equipment |
5 Cape Verde Diving Equipment Market Trends |
6 Cape Verde Diving Equipment Market Segmentations |
6.1 Cape Verde Diving Equipment Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Diving Equipment Market Revenues & Volume, By Rebreather, 2021-2031F |
6.1.3 Cape Verde Diving Equipment Market Revenues & Volume, By Exposure Suit, 2021-2031F |
6.1.4 Cape Verde Diving Equipment Market Revenues & Volume, By Decompression Chamber, 2021-2031F |
6.2 Cape Verde Diving Equipment Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Diving Equipment Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.3 Cape Verde Diving Equipment Market Revenues & Volume, By Defense, 2021-2031F |
6.2.4 Cape Verde Diving Equipment Market Revenues & Volume, By Civil, 2021-2031F |
6.3 Cape Verde Diving Equipment Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Diving Equipment Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.3 Cape Verde Diving Equipment Market Revenues & Volume, By Naval, 2021-2031F |
6.3.4 Cape Verde Diving Equipment Market Revenues & Volume, By Aquaculture, 2021-2031F |
7 Cape Verde Diving Equipment Market Import-Export Trade Statistics |
7.1 Cape Verde Diving Equipment Market Export to Major Countries |
7.2 Cape Verde Diving Equipment Market Imports from Major Countries |
8 Cape Verde Diving Equipment Market Key Performance Indicators |
8.1 Number of diving certifications issued annually in Cape Verde |
8.2 Percentage of tourism revenue attributed to water sports activities |
8.3 Average spending per tourist on water sports equipment during their visit |
9 Cape Verde Diving Equipment Market - Opportunity Assessment |
9.1 Cape Verde Diving Equipment Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cape Verde Diving Equipment Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Cape Verde Diving Equipment Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Cape Verde Diving Equipment Market - Competitive Landscape |
10.1 Cape Verde Diving Equipment Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Diving Equipment 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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