| Product Code: ETC5682289 | 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 continued to rely on imports of grease in 2024, with top suppliers being Portugal, Morocco, Germany, Spain, and Senegal. Despite a slight growth in the compound annual growth rate (CAGR) from 2020-2024 at 1.4%, there was a concerning decrease in the growth rate from 2023-2024 at -7.97%. The high Herfindahl-Hirschman Index (HHI) concentration suggests a competitive market, but the negative growth rate may indicate challenges ahead for the grease import industry in Cape Verde.

By 2027, Cabo Verde's Grease market is forecasted to achieve a stable growth rate of 3.39%, 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 Grease Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Grease Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Grease Market - Industry Life Cycle |
3.4 Cape Verde Grease Market - Porter's Five Forces |
3.5 Cape Verde Grease Market Revenues & Volume Share, By Thickener Type, 2021 & 2031F |
3.6 Cape Verde Grease Market Revenues & Volume Share, By Base Oil, 2021 & 2031F |
3.7 Cape Verde Grease Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
4 Cape Verde Grease Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for eco-friendly and sustainable products |
4.2.2 Growth in the food industry leading to higher demand for cooking oils and fats |
4.2.3 Rising disposable income and changing consumer preferences towards premium quality products |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials such as palm oil or soybean oil |
4.3.2 Stringent regulations and certifications required for manufacturing and selling edible oils |
4.3.3 Competition from substitute products like butter or margarine |
5 Cape Verde Grease Market Trends |
6 Cape Verde Grease Market Segmentations |
6.1 Cape Verde Grease Market, By Thickener Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Grease Market Revenues & Volume, By Metallic Soap Thickener, 2021-2031F |
6.1.3 Cape Verde Grease Market Revenues & Volume, By Non-soap Thickener, 2021-2031F |
6.1.4 Cape Verde Grease Market Revenues & Volume, By Inorganic, 2021-2031F |
6.1.5 Cape Verde Grease Market Revenues & Volume, By Others, 2021-2031F |
6.2 Cape Verde Grease Market, By Base Oil |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Grease Market Revenues & Volume, By Mineral oil, 2021-2031F |
6.2.3 Cape Verde Grease Market Revenues & Volume, By Synthetic oil, 2021-2031F |
6.2.4 Cape Verde Grease Market Revenues & Volume, By Bio-based oil, 2021-2031F |
6.3 Cape Verde Grease Market, By End-Use Industry |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Grease Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.3 Cape Verde Grease Market Revenues & Volume, By Construction, 2021-2031F |
6.3.4 Cape Verde Grease Market Revenues & Volume, By General Manufacturing, 2021-2031F |
6.3.5 Cape Verde Grease Market Revenues & Volume, By Mining, 2021-2031F |
6.3.6 Cape Verde Grease Market Revenues & Volume, By Metal production, 2021-2031F |
6.3.7 Cape Verde Grease Market Revenues & Volume, By Power generation, 2021-2031F |
6.3.8 Cape Verde Grease Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 Cape Verde Grease Market Revenues & Volume, By Others, 2021-2031F |
7 Cape Verde Grease Market Import-Export Trade Statistics |
7.1 Cape Verde Grease Market Export to Major Countries |
7.2 Cape Verde Grease Market Imports from Major Countries |
8 Cape Verde Grease Market Key Performance Indicators |
8.1 Consumer awareness and perception towards eco-friendly packaging and production processes |
8.2 Percentage of revenue from the food industry segment in the grease market |
8.3 Adoption rate of premium quality grease products in the market |
9 Cape Verde Grease Market - Opportunity Assessment |
9.1 Cape Verde Grease Market Opportunity Assessment, By Thickener Type, 2021 & 2031F |
9.2 Cape Verde Grease Market Opportunity Assessment, By Base Oil, 2021 & 2031F |
9.3 Cape Verde Grease Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
10 Cape Verde Grease Market - Competitive Landscape |
10.1 Cape Verde Grease Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Grease 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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