| Product Code: ETC5370955 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Cape Verde`s lumber import market saw a significant increase in concentration in 2024, with Portugal, Germany, Sweden, Italy, and Finland dominating the export landscape. Despite a negative compound annual growth rate (CAGR) from 2020 to 2024, the market experienced a remarkable growth spurt in 2024 with a growth rate of 59.19%. This suggests a dynamic market environment with potential opportunities for both suppliers and buyers in the lumber industry. Stakeholders should closely monitor market trends and competitive dynamics to capitalize on emerging opportunities in Cape Verde`s lumber import sector.

In the Africa region, the Lumber market in Cabo Verde is projected to expand at a growing growth rate of 5.59% by 2027. The largest economy is Egypt, followed by South Africa, Ethiopia, Algeria and Nigeria.

The lumber market in Cape Verde is an essential part of the construction and furniture industries. As construction activities increase in response to urbanization and infrastructure development, the demand for lumber is expected to rise, supporting the growth of this market.
The Cape Verde Lumber Market benefits from the increasing demand for construction and renovation materials. Lumber is essential for various building and woodworking applications. The growth in construction activities, infrastructure development, and the rising preference for sustainable building materials drive market expansion.
The Cape Verde lumber market encounters difficulties due to high import costs and limited local production capabilities. The market is affected by a lack of infrastructure for processing and distributing lumber, as well as logistical challenges. Additionally, there is relatively low demand for lumber compared to other building materials, which can constrain market growth. Regulatory and environmental concerns may also impact the market.
Cape Verdean policies in the lumber market aim to support sustainable forestry practices and promote the use of local timber resources. The government regulates lumber production to ensure environmental sustainability, supports local sawmills and lumber producers, and encourages the use of certified sustainable wood products.
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 Lumber Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Lumber Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Lumber Market - Industry Life Cycle |
3.4 Cape Verde Lumber Market - Porter's Five Forces |
3.5 Cape Verde Lumber Market Revenues & Volume Share Segmentations, 2021 & 2031F |
3.6 Cape Verde Lumber Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cape Verde Lumber Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing construction industry in Cape Verde |
4.2.2 Increasing demand for sustainable and eco-friendly building materials |
4.2.3 Government initiatives promoting the use of locally sourced lumber |
4.3 Market Restraints |
4.3.1 Limited availability of high-quality lumber in Cape Verde |
4.3.2 Dependence on imported lumber due to inadequate domestic production capacity |
5 Cape Verde Lumber Market Trends |
6 Cape Verde Lumber Market Segmentations |
6.1 Cape Verde Lumber Market Segmentations |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Lumber Market Revenues & Volume, By Hardwood Lumber, 2021-2031F |
6.1.3 Cape Verde Lumber Market Revenues & Volume, By Softwood Lumber, 2021-2031F |
6.2 Cape Verde Lumber Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Lumber Market Revenues & Volume, By Construction, 2021-2031F |
6.2.3 Cape Verde Lumber Market Revenues & Volume, By Furniture, 2021-2031F |
6.2.4 Cape Verde Lumber Market Revenues & Volume, By Flooring, 2021-2031F |
6.2.5 Cape Verde Lumber Market Revenues & Volume, By Moldings, 2021-2031F |
6.2.6 Cape Verde Lumber Market Revenues & Volume, By Others, 2021-2031F |
7 Cape Verde Lumber Market Import-Export Trade Statistics |
7.1 Cape Verde Lumber Market Export to Major Countries |
7.2 Cape Verde Lumber Market Imports from Major Countries |
8 Cape Verde Lumber Market Key Performance Indicators |
8.1 Forest area under sustainable management in Cape Verde |
8.2 Percentage of construction projects using locally sourced lumber |
8.3 Investments in infrastructure to support the lumber industry in Cape Verde |
9 Cape Verde Lumber Market - Opportunity Assessment |
9.1 Cape Verde Lumber Market Opportunity Assessment Segmentations, 2021 & 2031F |
9.2 Cape Verde Lumber Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cape Verde Lumber Market - Competitive Landscape |
10.1 Cape Verde Lumber Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Lumber Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |