| Product Code: ETC5040450 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Cape Verde continued to see a significant influx of surfboard imports, with top exporting countries being Germany, Portugal, Turkey, Cyprus, and Spain. The market concentration, as measured by the HHI, remained high, indicating a competitive landscape dominated by these key players. The impressive compound annual growth rate (CAGR) of 42.34% from 2020 to 2024 underscores the growing demand for surfboards in Cape Verde. Additionally, the growth rate of 10.43% in 2024 alone suggests a sustained momentum in the market, making it an attractive destination for surfboard manufacturers and exporters.

In the Africa region, the Surfboard market in Cabo Verde is projected to expand at a stable growth rate of 4.28% 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 Surfboard Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Surfboard Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Surfboard Market - Industry Life Cycle |
3.4 Cape Verde Surfboard Market - Porter's Five Forces |
3.5 Cape Verde Surfboard Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Cape Verde Surfboard Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.7 Cape Verde Surfboard Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.8 Cape Verde Surfboard Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cape Verde Surfboard Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cape Verde Surfboard Market Trends |
6 Cape Verde Surfboard Market Segmentations |
6.1 Cape Verde Surfboard Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Surfboard Market Revenues & Volume, By Shortboards, 2021-2031F |
6.1.3 Cape Verde Surfboard Market Revenues & Volume, By Longboards, 2021-2031F |
6.1.4 Cape Verde Surfboard Market Revenues & Volume, By Fish Boards, 2021-2031F |
6.1.5 Cape Verde Surfboard Market Revenues & Volume, By Gun Boards, 2021-2031F |
6.1.6 Cape Verde Surfboard Market Revenues & Volume, By Others, 2021-2031F |
6.2 Cape Verde Surfboard Market, By Material Type |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Surfboard Market Revenues & Volume, By Polyurethane, 2021-2031F |
6.2.3 Cape Verde Surfboard Market Revenues & Volume, By Balsa Wood, 2021-2031F |
6.2.4 Cape Verde Surfboard Market Revenues & Volume, By Others, 2021-2031F |
6.3 Cape Verde Surfboard Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Surfboard Market Revenues & Volume, By Online, 2021-2031F |
6.3.3 Cape Verde Surfboard Market Revenues & Volume, By Offline, 2021-2031F |
6.4 Cape Verde Surfboard Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Cape Verde Surfboard Market Revenues & Volume, By Recreational, 2021-2031F |
6.4.3 Cape Verde Surfboard Market Revenues & Volume, By Professional, 2021-2031F |
7 Cape Verde Surfboard Market Import-Export Trade Statistics |
7.1 Cape Verde Surfboard Market Export to Major Countries |
7.2 Cape Verde Surfboard Market Imports from Major Countries |
8 Cape Verde Surfboard Market Key Performance Indicators |
9 Cape Verde Surfboard Market - Opportunity Assessment |
9.1 Cape Verde Surfboard Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Cape Verde Surfboard Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.3 Cape Verde Surfboard Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.4 Cape Verde Surfboard Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cape Verde Surfboard Market - Competitive Landscape |
10.1 Cape Verde Surfboard Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Surfboard 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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