Market research

Coconuts, Brazil nuts and cashews market in Cabo Verde

Release date: Mar 27, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

From 2018 to 2021, production of coconuts, Brazil nuts and cashews in Cabo Verde remained stable at 6 thousand tons. Market volume fluctuated between 6.1 thousand tons and 6.2 thousand tons. In 2018, the government reorganized the economy towards market principles with a focus on productivity, and fruit production in the country grew by 5%, supporting output levels. During the COVID-19 pandemic in 2020, the state-owned grain investment company ensured sufficient stocks, securing the supply of essential goods.

In 2022, production jumped to 7.2 thousand tons, and market volume rose to 7.4 thousand tons. This trend continued in 2023, with production holding at 7.2 thousand tons and market volume reaching 7.4 thousand tons. The increase in imports to 168 tons in 2023 coincided with heightened interest from Brazilian investors in the Cabo Verde market, who aimed to expand access to the ECOWAS region by addressing logistical challenges.

In 2024, imports amounted to 127 tons. The government invested in irrigation technologies and sustainable agricultural practices to increase local production, and a new factory with cold storage for frozen fruits was inaugurated, aiming to improve the supply of products not produced locally.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Cabo Verde
  1. 5.1.1. Annual dynamics of production in Cabo Verde in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Cabo Verde in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Cabo Verde in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Cabo Verde by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Cabo Verde in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Cabo Verde by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Cabo Verde, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Cabo Verde by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Cabo Verde in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Cabo Verde by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Cabo Verde in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Cabo Verde by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Cabo Verde, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Cabo Verde by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Cabo Verde in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Cabo Verde by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Cabo Verde in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Cabo Verde by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Cabo Verde, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Cabo Verde by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Cabo Verde in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Cabo Verde by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Cabo Verde in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Cabo Verde by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Cabo Verde, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Cabo Verde by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production coconuts, Brazil nuts and cashews in Cabo Verde

In kind, 2017-2020, t

Top producers of coconuts, Brazil nuts and cashews, 2017-2020

Source: SHEV.io

World map of production of coconuts, Brazil nuts and cashews, 2017-2020

Source: SHEV.io

In 2020, Cabo Verde produced 6 000 tonnes of coconuts, Brazil nuts, and cashews, showing minimal change from the previous year. The most significant production shifts occurred in 2018, with both the largest decline and increase recorded at 0.0%.

Annual dynamics of production in Cabo Verde in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	-	-	-	-

Source: SHEV.io

Exports coconuts, Brazil nuts and cashews from Cabo Verde

Exports in kind, t

Annual dynamics of product's exports from Cabo Verde in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

From 2017 to 2020, Germany was the top buyer of coconuts, Brazil nuts, and cashews from Cabo Verde, representing 12.5% of total exports in volume.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Cabo Verde in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

Annual dynamics of product's exports from Cabo Verde in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

During 2017–2020, Germany led as the primary destination for exports in value terms, accounting for 8.2% of total export flows.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Cabo Verde in value, 2017-2020

Source: SHEV.io

Imports coconuts, Brazil nuts and cashews to Cabo Verde

Imports in kind, t

In 2020, Cabo Verde imported 96.9 tonnes of coconuts, Brazil nuts, and cashews, a 40.2% decrease from the previous year. Imports peaked in 2019 at 162.2 tonnes, with the largest annual increase of 30.4% recorded that year. Over the 2017–2020 period, imports fell by 29.4%, averaging an annual decline of 11.0%.

Annual dynamics of product's imports to Cabo Verde in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(9.4%)	30.4%	(40.2%)	(11.0%)

Source: SHEV.io

From 2017 to 2020, Portugal and Sri Lanka were the main sources for imports in volume, together making up 83.2% of total flows, with other partners contributing much smaller shares.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Cabo Verde in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

Cabo Verde's imports of coconuts, Brazil nuts, and cashews declined for the third year in a row in 2020, dropping to 246.3 thousand US dollars—a sharp 31.1% fall from 2019. Between 2017 and 2020, imports decreased by 42.9%, with a compound annual growth rate of -17.0%.

Annual dynamics of product's imports to Cabo Verde in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(9.7%)	(8.2%)	(31.1%)	(17.0%)

Source: SHEV.io

During 2017–2020, Portugal and Sri Lanka dominated imports in value terms, jointly accounting for 88.5% of total flows, while the remainder was spread across other destinations.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Cabo Verde in value, 2017-2020

Source: SHEV.io