| Product Code: ETC5332385 | 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 rely on welding electrodes imports from top countries such as Portugal, Spain, China, Italy, and Senegal. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a moderate compound annual growth rate (CAGR) of 2.58% from 2020 to 2024, the negative growth rate of -3.64% in 2023-24 suggests a potential slowdown. Monitoring market dynamics and exploring strategies to stimulate demand will be crucial for stakeholders in the welding electrodes industry in Cape Verde.

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 Welding Electrodes Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Welding Electrodes Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Welding Electrodes Market - Industry Life Cycle |
3.4 Cape Verde Welding Electrodes Market - Porter's Five Forces |
3.5 Cape Verde Welding Electrodes Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cape Verde Welding Electrodes Market Revenues & Volume Share, By Industry, 2021 & 2031F |
4 Cape Verde Welding Electrodes Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing infrastructure development projects in Cape Verde |
4.2.2 Increasing demand for welding electrodes in the construction and manufacturing sectors |
4.2.3 Government initiatives to promote industrial growth and investments in the country |
4.3 Market Restraints |
4.3.1 High import dependency for raw materials used in welding electrodes production |
4.3.2 Fluctuating prices of raw materials impacting production costs |
4.3.3 Limited availability of skilled labor in the welding industry in Cape Verde |
5 Cape Verde Welding Electrodes Market Trends |
6 Cape Verde Welding Electrodes Market Segmentations |
6.1 Cape Verde Welding Electrodes Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Welding Electrodes Market Revenues & Volume, By Stick Electrodes, 2021-2031F |
6.1.3 Cape Verde Welding Electrodes Market Revenues & Volume, By Coiled Wires, 2021-2031F |
6.2 Cape Verde Welding Electrodes Market, By Industry |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Welding Electrodes Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Cape Verde Welding Electrodes Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.2.4 Cape Verde Welding Electrodes Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.2.5 Cape Verde Welding Electrodes Market Revenues & Volume, By Others, 2021-2031F |
7 Cape Verde Welding Electrodes Market Import-Export Trade Statistics |
7.1 Cape Verde Welding Electrodes Market Export to Major Countries |
7.2 Cape Verde Welding Electrodes Market Imports from Major Countries |
8 Cape Verde Welding Electrodes Market Key Performance Indicators |
8.1 Percentage increase in the number of infrastructure projects requiring welding services |
8.2 Adoption rate of advanced welding technologies in Cape Verde |
8.3 Rate of growth in the manufacturing sector using welding electrodes |
9 Cape Verde Welding Electrodes Market - Opportunity Assessment |
9.1 Cape Verde Welding Electrodes Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cape Verde Welding Electrodes Market Opportunity Assessment, By Industry, 2021 & 2031F |
10 Cape Verde Welding Electrodes Market - Competitive Landscape |
10.1 Cape Verde Welding Electrodes Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Welding Electrodes Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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