| Product Code: ETC5681757 | 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 |
In 2024, Portugal emerged as the top exporter of granite to Cape Verde, reflecting a strong trade relationship. The high concentration of the Herfindahl-Hirschman Index (HHI) indicates a dominant market presence. Despite a notable Compound Annual Growth Rate (CAGR) of 6.63% from 2020 to 2024, there was a sharp decline in growth rate from 2023 to 2024 at -37.18%. This fluctuation suggests a dynamic market environment that importers and exporters need to navigate carefully to sustain growth and profitability in the Cape Verde granite market.

In the Africa region, the Granite market in Cabo Verde is projected to expand at a high growth rate of 13.85% by 2027. The largest economy is Egypt, 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 Granite Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Granite Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Granite Market - Industry Life Cycle |
3.4 Cape Verde Granite Market - Porter's Five Forces |
3.5 Cape Verde Granite Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Cape Verde Granite Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cape Verde Granite Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for luxurious and high-quality building materials |
4.2.2 Growing trend towards sustainable and environmentally friendly products |
4.2.3 Rising construction activities in both residential and commercial sectors |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Intense competition from other types of natural and engineered stones |
4.3.3 Economic uncertainty impacting construction projects |
5 Cape Verde Granite Market Trends |
6 Cape Verde Granite Market Segmentations |
6.1 Cape Verde Granite Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Granite Market Revenues & Volume, By Granite Slabs, 2021-2031F |
6.1.3 Cape Verde Granite Market Revenues & Volume, By Granite Tiles, 2021-2031F |
6.1.4 Cape Verde Granite Market Revenues & Volume, By Others, 2021-2031F |
6.2 Cape Verde Granite Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Granite Market Revenues & Volume, By Kitchen Countertops, 2021-2031F |
6.2.3 Cape Verde Granite Market Revenues & Volume, By Flooring, 2021-2031F |
6.2.4 Cape Verde Granite Market Revenues & Volume, By Stair Treads, 2021-2031F |
6.2.5 Cape Verde Granite Market Revenues & Volume, By Monuments, 2021-2031F |
6.2.6 Cape Verde Granite Market Revenues & Volume, By Others, 2021-2031F |
7 Cape Verde Granite Market Import-Export Trade Statistics |
7.1 Cape Verde Granite Market Export to Major Countries |
7.2 Cape Verde Granite Market Imports from Major Countries |
8 Cape Verde Granite Market Key Performance Indicators |
8.1 Average selling price of cape verde granite products |
8.2 Number of green building certifications using cape verde granite |
8.3 Percentage of construction projects specifying cape verde granite as a preferred material |
9 Cape Verde Granite Market - Opportunity Assessment |
9.1 Cape Verde Granite Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Cape Verde Granite Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cape Verde Granite Market - Competitive Landscape |
10.1 Cape Verde Granite Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Granite 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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