| Product Code: ETC5526147 | 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 |
Cape Verde`s sugar import market continues to showcase strong growth, with a notable CAGR of 13.31% from 2020 to 2024. In 2024, top exporting countries include Brazil, Morocco, UAE, Spain, and Portugal. The high Herfindahl-Hirschman Index (HHI) concentration indicates significant market dominance by these exporters. Additionally, the growth rate of 6.21% from 2023 to 2024 highlights the sustained momentum in sugar imports for Cape Verde. This data suggests a thriving market with consistent demand for sugar imports from key suppliers.

By 2027, Cabo Verde's Sugar market is forecasted to achieve a growing growth rate of 6.58%, with Egypt leading the Africa region, 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 Sugar Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Sugar Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Sugar Market - Industry Life Cycle |
3.4 Cape Verde Sugar Market - Porter's Five Forces |
3.5 Cape Verde Sugar Market Revenues & Volume Share Segmentations, 2021 & 2031F |
3.6 Cape Verde Sugar Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Cape Verde Sugar Market Revenues & Volume Share, By End -Users, 2021 & 2031F |
3.8 Cape Verde Sugar Market Revenues & Volume Share, By Sources, 2021 & 2031F |
4 Cape Verde Sugar Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for organic and natural sweeteners |
4.2.2 Increasing awareness about health benefits of consuming less refined sugar |
4.2.3 Government initiatives promoting local sugar production |
4.3 Market Restraints |
4.3.1 Fluctuating sugar prices in the global market |
4.3.2 Dependency on imported raw materials for sugar production |
4.3.3 Limited arable land for sugarcane cultivation in Cape Verde |
5 Cape Verde Sugar Market Trends |
6 Cape Verde Sugar Market Segmentations |
6.1 Cape Verde Sugar Market Segmentations |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Sugar Market Revenues & Volume, By White Sugar, 2021-2031F |
6.1.3 Cape Verde Sugar Market Revenues & Volume, By Brown Sugar, 2021-2031F |
6.1.4 Cape Verde Sugar Market Revenues & Volume, By Liquid Sugar, 2021-2031F |
6.2 Cape Verde Sugar Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Sugar Market Revenues & Volume, By Granulated Sugar, 2021-2031F |
6.2.3 Cape Verde Sugar Market Revenues & Volume, By Powdered Sugar, 2021-2031F |
6.2.4 Cape Verde Sugar Market Revenues & Volume, By Syrup Sugar, 2021-2031F |
6.3 Cape Verde Sugar Market, By End -Users |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Sugar Market Revenues & Volume, By Food and Beverages, 2021-2031F |
6.3.3 Cape Verde Sugar Market Revenues & Volume, By Pharma and Personal Care, 2021-2031F |
6.3.4 Cape Verde Sugar Market Revenues & Volume, By Household, 2021-2031F |
6.4 Cape Verde Sugar Market, By Sources |
6.4.1 Overview and Analysis |
6.4.2 Cape Verde Sugar Market Revenues & Volume, By Sugarcane, 2021-2031F |
6.4.3 Cape Verde Sugar Market Revenues & Volume, By Sugarbeet, 2021-2031F |
7 Cape Verde Sugar Market Import-Export Trade Statistics |
7.1 Cape Verde Sugar Market Export to Major Countries |
7.2 Cape Verde Sugar Market Imports from Major Countries |
8 Cape Verde Sugar Market Key Performance Indicators |
8.1 Average selling price of Cape Verde sugar compared to imported sugar |
8.2 Percentage of sugarcane crops used for local sugar production |
8.3 Adoption rate of alternative sweeteners in the market |
9 Cape Verde Sugar Market - Opportunity Assessment |
9.1 Cape Verde Sugar Market Opportunity Assessment Segmentations, 2021 & 2031F |
9.2 Cape Verde Sugar Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 Cape Verde Sugar Market Opportunity Assessment, By End -Users, 2021 & 2031F |
9.4 Cape Verde Sugar Market Opportunity Assessment, By Sources, 2021 & 2031F |
10 Cape Verde Sugar Market - Competitive Landscape |
10.1 Cape Verde Sugar Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Sugar 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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