| Product Code: ETC5292485 | 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, Portugal emerged as the top exporter of natural stone to Cape Verde, reflecting a strong trade relationship. Despite high concentration levels indicated by the Herfindahl-Hirschman Index (HHI), the market saw a steady compound annual growth rate (CAGR) of 6.63% from 2020 to 2024. However, the industry experienced a notable decline in growth rate from 2023 to 2024 at -37.18%, signaling potential shifts in market dynamics or external factors impacting import shipments of natural stone to Cape Verde.

In the Africa region, the Natural Stone market in Cabo Verde is projected to expand at a high growth rate of 12.08% by 2027. The largest economy is Egypt, 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 Natural Stone Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Natural Stone Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Natural Stone Market - Industry Life Cycle |
3.4 Cape Verde Natural Stone Market - Porter's Five Forces |
3.5 Cape Verde Natural Stone Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cape Verde Natural Stone Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Cape Verde Natural Stone Market Revenues & Volume Share, By Construction Type, 2021 & 2031F |
4 Cape Verde Natural Stone Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for sustainable and eco-friendly building materials |
4.2.2 Growing popularity of natural and unique aesthetics in construction and interior design |
4.2.3 Rise in infrastructure development projects in Cape Verde |
4.3 Market Restraints |
4.3.1 High production costs associated with quarrying and processing natural stones |
4.3.2 Limited availability of skilled labor for stone extraction and fabrication |
4.3.3 Fluctuating prices of raw materials and transportation costs |
5 Cape Verde Natural Stone Market Trends |
6 Cape Verde Natural Stone Market Segmentations |
6.1 Cape Verde Natural Stone Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Natural Stone Market Revenues & Volume, By Marble, 2021-2031F |
6.1.3 Cape Verde Natural Stone Market Revenues & Volume, By Granite, 2021-2031F |
6.1.4 Cape Verde Natural Stone Market Revenues & Volume, By Limestone, 2021-2031F |
6.1.5 Cape Verde Natural Stone Market Revenues & Volume, By Others, 2021-2031F |
6.2 Cape Verde Natural Stone Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Natural Stone Market Revenues & Volume, By Flooring, 2021-2031F |
6.2.3 Cape Verde Natural Stone Market Revenues & Volume, By Memorial Arts, 2021-2031F |
6.2.4 Cape Verde Natural Stone Market Revenues & Volume, By Wall Cladding, 2021-2031F |
6.2.5 Cape Verde Natural Stone Market Revenues & Volume, By Others, 2021-2031F |
6.3 Cape Verde Natural Stone Market, By Construction Type |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Natural Stone Market Revenues & Volume, By New Construction, 2021-2031F |
6.3.3 Cape Verde Natural Stone Market Revenues & Volume, By Renovation, 2021-2031F |
7 Cape Verde Natural Stone Market Import-Export Trade Statistics |
7.1 Cape Verde Natural Stone Market Export to Major Countries |
7.2 Cape Verde Natural Stone Market Imports from Major Countries |
8 Cape Verde Natural Stone Market Key Performance Indicators |
8.1 Rate of adoption of sustainable practices in the natural stone industry |
8.2 Number of construction projects incorporating natural stone in Cape Verde |
8.3 Investment in technology and automation in stone extraction and processing industry |
9 Cape Verde Natural Stone Market - Opportunity Assessment |
9.1 Cape Verde Natural Stone Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cape Verde Natural Stone Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Cape Verde Natural Stone Market Opportunity Assessment, By Construction Type, 2021 & 2031F |
10 Cape Verde Natural Stone Market - Competitive Landscape |
10.1 Cape Verde Natural Stone Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Natural Stone Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |