| Product Code: ETC5328927 | 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 |
The V-belts import shipments to Cape Verde in 2024 were dominated by top exporting countries such as Portugal, Spain, Belgium, Germany, and China. The High Herfindahl-Hirschman Index (HHI) indicated a continued high concentration of imports in the market. The impressive compound annual growth rate (CAGR) of 28.57% from 2020 to 2024 highlights the expanding demand for V-belts in Cape Verde. Moreover, the exceptional growth rate of 96.72% from 2023 to 2024 suggests a significant surge in import activity, showcasing a promising market outlook for V-belts in the region.

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 V-belts Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde V-belts Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde V-belts Market - Industry Life Cycle |
3.4 Cape Verde V-belts Market - Porter's Five Forces |
3.5 Cape Verde V-belts Market Revenues & Volume Share, By Material Used, 2021 & 2031F |
3.6 Cape Verde V-belts Market Revenues & Volume Share Segmentations, 2021 & 2031F |
3.7 Cape Verde V-belts Market Revenues & Volume Share, By End-use Industries, 2021 & 2031F |
4 Cape Verde V-belts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in industrial activity in Cape Verde leading to increased demand for v-belts |
4.2.2 Technological advancements leading to the development of more efficient v-belts |
4.2.3 Government initiatives supporting the manufacturing sector and infrastructure development |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting v-belt production costs |
4.3.2 Competition from alternative power transmission solutions affecting v-belt demand |
4.3.3 Economic instability in Cape Verde affecting overall market growth |
5 Cape Verde V-belts Market Trends |
6 Cape Verde V-belts Market Segmentations |
6.1 Cape Verde V-belts Market, By Material Used |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde V-belts Market Revenues & Volume, By Rubber, 2021-2031F |
6.1.3 Cape Verde V-belts Market Revenues & Volume, By Polymer, 2021-2031F |
6.1.4 Cape Verde V-belts Market Revenues & Volume, By Neoprene, 2021-2031F |
6.1.5 Cape Verde V-belts Market Revenues & Volume, By Urethane Synthetic Materials, 2021-2031F |
6.2 Cape Verde V-belts Market Segmentations |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde V-belts Market Revenues & Volume, By Heavy Duty, 2021-2031F |
6.3 Cape Verde V-belts Market, By End-use Industries |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde V-belts Market Revenues & Volume, By Paper And Pulp, 2021-2031F |
6.3.3 Cape Verde V-belts Market Revenues & Volume, By Cement, 2021-2031F |
6.3.4 Cape Verde V-belts Market Revenues & Volume, By Power And Energy, 2021-2031F |
6.3.5 Cape Verde V-belts Market Revenues & Volume, By Food And Beverage, 2021-2031F |
6.3.6 Cape Verde V-belts Market Revenues & Volume, By Agricultural, 2021-2031F |
6.3.7 Cape Verde V-belts Market Revenues & Volume, By Automotive, 2021-2031F |
7 Cape Verde V-belts Market Import-Export Trade Statistics |
7.1 Cape Verde V-belts Market Export to Major Countries |
7.2 Cape Verde V-belts Market Imports from Major Countries |
8 Cape Verde V-belts Market Key Performance Indicators |
8.1 Number of new industrial projects in Cape Verde utilizing v-belts |
8.2 Adoption rate of advanced v-belt technologies in the market |
8.3 Percentage of government funding allocated to support the manufacturing sector in Cape Verde |
9 Cape Verde V-belts Market - Opportunity Assessment |
9.1 Cape Verde V-belts Market Opportunity Assessment, By Material Used, 2021 & 2031F |
9.2 Cape Verde V-belts Market Opportunity Assessment Segmentations, 2021 & 2031F |
9.3 Cape Verde V-belts Market Opportunity Assessment, By End-use Industries, 2021 & 2031F |
10 Cape Verde V-belts Market - Competitive Landscape |
10.1 Cape Verde V-belts Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde V-belts 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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