| Product Code: ETC6681833 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The luxury cigar import market in Cape Verde saw a significant increase in concentration in 2024, with Senegal, Portugal, Czech Republic, Denmark, and Eswatini emerging as the top exporting countries. Despite a negative Compound Annual Growth Rate (CAGR) of -14.34% from 2020 to 2024 and a steep decline in growth rate from 2023 to 2024 at -66.18%, the market continues to attract high-end imports. The heightened concentration suggests a competitive landscape, potentially driving innovation and strategic partnerships within the luxury cigar industry in Cape Verde.

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 Luxury Cigar Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Luxury Cigar Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Luxury Cigar Market - Industry Life Cycle |
3.4 Cape Verde Luxury Cigar Market - Porter's Five Forces |
3.5 Cape Verde Luxury Cigar Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cape Verde Luxury Cigar Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Cape Verde Luxury Cigar Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Cape Verde Luxury Cigar Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for premium and luxury cigar products among affluent consumers in Cape Verde |
4.2.2 Increasing disposable income and spending power of the population |
4.2.3 Rising tourism industry in Cape Verde attracting high-end clientele |
4.3 Market Restraints |
4.3.1 High import duties and taxes on luxury cigar products affecting affordability and demand |
4.3.2 Stringent regulations and restrictions on tobacco advertising and sales |
4.3.3 Competition from other luxury goods and experiences in the market |
5 Cape Verde Luxury Cigar Market Trends |
6 Cape Verde Luxury Cigar Market, By Types |
6.1 Cape Verde Luxury Cigar Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Luxury Cigar Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Cape Verde Luxury Cigar Market Revenues & Volume, By Hand Rolled, 2021- 2031F |
6.1.4 Cape Verde Luxury Cigar Market Revenues & Volume, By Machine Rolled, 2021- 2031F |
6.2 Cape Verde Luxury Cigar Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Luxury Cigar Market Revenues & Volume, By Male Smokers, 2021- 2031F |
6.2.3 Cape Verde Luxury Cigar Market Revenues & Volume, By Female Smokers, 2021- 2031F |
6.3 Cape Verde Luxury Cigar Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Luxury Cigar Market Revenues & Volume, By Online, 2021- 2031F |
6.3.3 Cape Verde Luxury Cigar Market Revenues & Volume, By Offline, 2021- 2031F |
7 Cape Verde Luxury Cigar Market Import-Export Trade Statistics |
7.1 Cape Verde Luxury Cigar Market Export to Major Countries |
7.2 Cape Verde Luxury Cigar Market Imports from Major Countries |
8 Cape Verde Luxury Cigar Market Key Performance Indicators |
8.1 Average selling price of luxury cigars in Cape Verde |
8.2 Number of high-end hotels/resorts offering luxury cigar experiences |
8.3 Percentage of affluent tourists visiting Cape Verde who purchase luxury cigars |
8.4 Growth in the number of exclusive cigar lounges in Cape Verde |
8.5 Customer satisfaction ratings for luxury cigar brands in Cape Verde |
9 Cape Verde Luxury Cigar Market - Opportunity Assessment |
9.1 Cape Verde Luxury Cigar Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cape Verde Luxury Cigar Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Cape Verde Luxury Cigar Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Cape Verde Luxury Cigar Market - Competitive Landscape |
10.1 Cape Verde Luxury Cigar Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Luxury Cigar Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |