| Product Code: ETC6682770 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Cape Verde`s milkfish import market continued to be dominated by top exporters Spain, Senegal, Portugal, Italy, and France in 2024. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. However, the market experienced a drastic decline with a compound annual growth rate (CAGR) of -29.49% from 2020 to 2024, and a substantial growth rate decrease of -91.61% from 2023 to 2024. This suggests a challenging environment for milkfish importers in Cape Verde, possibly influenced by various economic factors or shifts in consumer preferences.

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 Milkfish Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Milkfish Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Milkfish Market - Industry Life Cycle |
3.4 Cape Verde Milkfish Market - Porter's Five Forces |
3.5 Cape Verde Milkfish Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cape Verde Milkfish Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Cape Verde Milkfish Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing consumer awareness and demand for healthy seafood options |
4.2.2 Increase in tourism and hospitality industry in Cape Verde leading to higher demand for seafood products |
4.2.3 Government initiatives promoting aquaculture and fisheries sector in Cape Verde |
4.3 Market Restraints |
4.3.1 Challenges in maintaining quality and freshness of milkfish due to transportation and storage issues |
4.3.2 Fluctuating prices of feed and raw materials impacting production costs |
4.3.3 Competition from imported seafood products affecting market penetration of Cape Verde milkfish |
5 Cape Verde Milkfish Market Trends |
6 Cape Verde Milkfish Market, By Types |
6.1 Cape Verde Milkfish Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Milkfish Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Cape Verde Milkfish Market Revenues & Volume, By Frozen, 2021- 2031F |
6.1.4 Cape Verde Milkfish Market Revenues & Volume, By Canned, 2021- 2031F |
6.2 Cape Verde Milkfish Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Milkfish Market Revenues & Volume, By Offline, 2021- 2031F |
6.2.3 Cape Verde Milkfish Market Revenues & Volume, By Online, 2021- 2031F |
7 Cape Verde Milkfish Market Import-Export Trade Statistics |
7.1 Cape Verde Milkfish Market Export to Major Countries |
7.2 Cape Verde Milkfish Market Imports from Major Countries |
8 Cape Verde Milkfish Market Key Performance Indicators |
8.1 Average selling price of Cape Verde milkfish compared to competitors |
8.2 Percentage of milkfish production meeting quality standards |
8.3 Number of new aquaculture farms or fisheries established in Cape Verde |
8.4 Percentage of milkfish sales to the tourism sector in Cape Verde |
8.5 Consumer awareness and perception of Cape Verde milkfish as a premium seafood option |
9 Cape Verde Milkfish Market - Opportunity Assessment |
9.1 Cape Verde Milkfish Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cape Verde Milkfish Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Cape Verde Milkfish Market - Competitive Landscape |
10.1 Cape Verde Milkfish Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Milkfish 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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