| Product Code: ETC12700943 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Cape Verde continued to rely on imports for NPK shipments, with top exporters being Portugal, Spain, Senegal, China, and other unspecified areas. The High Herfindahl-Hirschman Index (HHI) suggests a high level of market concentration in the industry. Despite a negative Compound Annual Growth Rate (CAGR) from 2020-2024, there was a slight improvement in the growth rate from 2023-2024. This data indicates the ongoing importance of these key exporting countries in meeting Cape Verde`s NPK import needs, with some potential for growth in the market in the near future.

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 NPK Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde NPK Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde NPK Market - Industry Life Cycle |
3.4 Cape Verde NPK Market - Porter's Five Forces |
3.5 Cape Verde NPK Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Cape Verde NPK Market Revenues & Volume Share, By Application Area, 2021 & 2031F |
3.7 Cape Verde NPK Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Cape Verde NPK Market Revenues & Volume Share, By Form, 2021 & 2031F |
4 Cape Verde NPK Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for food production due to growing population in Cape Verde |
4.2.2 Government initiatives to promote agriculture and increase crop yields |
4.2.3 Technological advancements in fertilizer production and application methods |
4.3 Market Restraints |
4.3.1 Limited availability of arable land for agriculture in Cape Verde |
4.3.2 Fluctuating prices of raw materials used in NPK fertilizer production |
4.3.3 Environmental concerns related to the impact of chemical fertilizers on soil and water quality |
5 Cape Verde NPK Market Trends |
6 Cape Verde NPK Market, By Types |
6.1 Cape Verde NPK Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde NPK Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Cape Verde NPK Market Revenues & Volume, By Nitrogen, 2021 - 2031F |
6.1.4 Cape Verde NPK Market Revenues & Volume, By Phosphorus, 2021 - 2031F |
6.1.5 Cape Verde NPK Market Revenues & Volume, By Potassium, 2021 - 2031F |
6.1.6 Cape Verde NPK Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Cape Verde NPK Market, By Application Area |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde NPK Market Revenues & Volume, By Cereals and Grains, 2021 - 2031F |
6.2.3 Cape Verde NPK Market Revenues & Volume, By Oilseeds and Pulses, 2021 - 2031F |
6.2.4 Cape Verde NPK Market Revenues & Volume, By Fruits and Vegetables, 2021 - 2031F |
6.3 Cape Verde NPK Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde NPK Market Revenues & Volume, By Farmers, 2021 - 2031F |
6.3.3 Cape Verde NPK Market Revenues & Volume, By Agricultural Cooperatives, 2021 - 2031F |
6.3.4 Cape Verde NPK Market Revenues & Volume, By Commercial Growers, 2021 - 2031F |
6.4 Cape Verde NPK Market, By Form |
6.4.1 Overview and Analysis |
6.4.2 Cape Verde NPK Market Revenues & Volume, By Powder, 2021 - 2031F |
6.4.3 Cape Verde NPK Market Revenues & Volume, By Liquid, 2021 - 2031F |
7 Cape Verde NPK Market Import-Export Trade Statistics |
7.1 Cape Verde NPK Market Export to Major Countries |
7.2 Cape Verde NPK Market Imports from Major Countries |
8 Cape Verde NPK Market Key Performance Indicators |
8.1 Average yield per hectare of crops in Cape Verde |
8.2 Adoption rate of modern agricultural practices among farmers |
8.3 Investment in research and development for sustainable fertilizer solutions |
9 Cape Verde NPK Market - Opportunity Assessment |
9.1 Cape Verde NPK Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Cape Verde NPK Market Opportunity Assessment, By Application Area, 2021 & 2031F |
9.3 Cape Verde NPK Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Cape Verde NPK Market Opportunity Assessment, By Form, 2021 & 2031F |
10 Cape Verde NPK Market - Competitive Landscape |
10.1 Cape Verde NPK Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde NPK 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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