| Product Code: ETC5370822 | 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, Cape Verde continued to rely heavily on hardware imports from key trading partners including Portugal, China, Spain, France, and the United States. Despite a notable decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) for the period of 2020-2024 remained strong at 6.99%. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market structure, suggesting potential challenges for market competition and pricing dynamics. Monitoring these trends will be crucial for stakeholders in navigating the hardware import landscape in Cape Verde.

By 2027, Cabo Verde's Hardware market is forecasted to achieve a high growth rate of 10.09%, 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 Hardware Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Hardware Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Hardware Market - Industry Life Cycle |
3.4 Cape Verde Hardware Market - Porter's Five Forces |
3.5 Cape Verde Hardware Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Cape Verde Hardware Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing construction activities in Cape Verde |
4.2.2 Growth in tourism sector leading to infrastructure development |
4.2.3 Government initiatives promoting investments in the hardware market |
4.3 Market Restraints |
4.3.1 Dependency on imports leading to fluctuating prices |
4.3.2 Limited availability of skilled labor in the hardware industry |
4.3.3 Economic instability impacting consumer spending on hardware products |
5 Cape Verde Hardware Market Trends |
6 Cape Verde Hardware Market Segmentations |
6.1 Cape Verde Hardware Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Hardware Market Revenues & Volume, By Furniture Hardware, 2021-2031F |
6.1.3 Cape Verde Hardware Market Revenues & Volume, By Motor Vehicle Hardware, 2021-2031F |
6.1.4 Cape Verde Hardware Market Revenues & Volume, By Builder`s Hardware, 2021-2031F |
6.1.5 Cape Verde Hardware Market Revenues & Volume, By Other Hardware, 2021-2031F |
7 Cape Verde Hardware Market Import-Export Trade Statistics |
7.1 Cape Verde Hardware Market Export to Major Countries |
7.2 Cape Verde Hardware Market Imports from Major Countries |
8 Cape Verde Hardware Market Key Performance Indicators |
8.1 Average selling price of hardware products |
8.2 Number of new construction projects initiated |
8.3 Consumer confidence index |
8.4 GDP growth rate |
8.5 Number of hardware stores opening or expanding in Cape Verde |
9 Cape Verde Hardware Market - Opportunity Assessment |
9.1 Cape Verde Hardware Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Cape Verde Hardware Market - Competitive Landscape |
10.1 Cape Verde Hardware Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Hardware 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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