| Product Code: ETC5331853 | 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, Cape Verde continued to see a high concentration of water color imports from top exporters like Portugal, China, Spain, Italy, and the Netherlands. The Herfindahl-Hirschman Index (HHI) indicated a market with significant concentration. However, the industry experienced a negative compound annual growth rate (CAGR) of -1.55% from 2020 to 2024, with a sharp decline in growth rate of -34.12% from 2023 to 2024. These trends suggest a challenging market environment for water color imports in Cape Verde, potentially impacted by various factors such as economic conditions and changing consumer preferences.

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 Water Color Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Water Color Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Water Color Market - Industry Life Cycle |
3.4 Cape Verde Water Color Market - Porter's Five Forces |
3.5 Cape Verde Water Color Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Cape Verde Water Color Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.7 Cape Verde Water Color Market Revenues & Volume Share, By Price Range, 2021 & 2031F |
3.8 Cape Verde Water Color Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 Cape Verde Water Color Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for eco-friendly and non-toxic watercolors |
4.2.2 Growing interest in art and creative expression among the population |
4.2.3 Rise in tourism leading to higher demand for locally-made art supplies |
4.3 Market Restraints |
4.3.1 Limited availability of high-quality raw materials for watercolor production |
4.3.2 Fluctuating exchange rates impacting the cost of imported watercolor materials |
4.3.3 Intense competition from established international watercolor brands |
5 Cape Verde Water Color Market Trends |
6 Cape Verde Water Color Market Segmentations |
6.1 Cape Verde Water Color Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Water Color Market Revenues & Volume, By Pure Transparent Watercolors, 2021-2031F |
6.1.3 Cape Verde Water Color Market Revenues & Volume, By Semi-Transparent Watercolors, 2021-2031F |
6.1.4 Cape Verde Water Color Market Revenues & Volume, By Opaque Watercolors, 2021-2031F |
6.2 Cape Verde Water Color Market, By End User |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Water Color Market Revenues & Volume, By Students, 2021-2031F |
6.2.3 Cape Verde Water Color Market Revenues & Volume, By Artists/ Professionals, 2021-2031F |
6.3 Cape Verde Water Color Market, By Price Range |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Water Color Market Revenues & Volume, By Less than US$ 25, 2021-2031F |
6.3.3 Cape Verde Water Color Market Revenues & Volume, By US$ 25 ? ?? US$ 100, 2021-2031F |
6.3.4 Cape Verde Water Color Market Revenues & Volume, By US$ 100 ? ?? US$ 200, 2021-2031F |
6.3.5 Cape Verde Water Color Market Revenues & Volume, By More than US$ 200, 2021-2031F |
6.4 Cape Verde Water Color Market, By Sales Channel |
6.4.1 Overview and Analysis |
6.4.2 Cape Verde Water Color Market Revenues & Volume, By Wholesalers/ Distributors, 2021-2031F |
6.4.3 Cape Verde Water Color Market Revenues & Volume, By Supermarkets/ Hypermarkets, 2021-2031F |
6.4.4 Cape Verde Water Color Market Revenues & Volume, By Specialty Stores, 2021-2031F |
6.4.5 Cape Verde Water Color Market Revenues & Volume, By Multi-brand Stores, 2021-2031F |
6.4.6 Cape Verde Water Color Market Revenues & Volume, By Online Retailers, 2021-2031F |
6.4.7 Cape Verde Water Color Market Revenues & Volume, By Others, 2021-2031F |
7 Cape Verde Water Color Market Import-Export Trade Statistics |
7.1 Cape Verde Water Color Market Export to Major Countries |
7.2 Cape Verde Water Color Market Imports from Major Countries |
8 Cape Verde Water Color Market Key Performance Indicators |
8.1 Percentage of locally sourced raw materials used in watercolor production |
8.2 Number of art workshops and events organized in Cape Verde |
8.3 Average customer satisfaction rating for Cape Verde watercolor products |
9 Cape Verde Water Color Market - Opportunity Assessment |
9.1 Cape Verde Water Color Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Cape Verde Water Color Market Opportunity Assessment, By End User, 2021 & 2031F |
9.3 Cape Verde Water Color Market Opportunity Assessment, By Price Range, 2021 & 2031F |
9.4 Cape Verde Water Color Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
10 Cape Verde Water Color Market - Competitive Landscape |
10.1 Cape Verde Water Color Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Water Color Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |