Market research

Coconuts market in Cabo Verde

Release date: Mar 28, 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, coconut production in Cabo Verde remained stable at 6 000 t annually, with total market volume hovering between 6 093 t and 6 161 t due to small import variations.

A significant shift occurred in 2022 when production jumped by 20% to 7 200 t, expanding the market volume to 7 350 t and establishing a new baseline for the sector.

The elevated production level of 7 200 t was maintained through 2023, with market volume reaching 7 362 t. This period saw Brazilian investors targeting Cabo Verde as a gateway to the African market, while government policies promoted investments in irrigation technology and climate-resilient farming practices to increase local agricultural output and food security.

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 in Cabo Verde

In kind, 2017-2020, t

Top producers of coconuts, 2017-2020

Source: SHEV.io

World map of production of coconuts, 2017-2020

Source: SHEV.io

In 2020, Cabo Verde produced 6 000 tonnes of coconuts, showing no significant change from the previous year. The largest increase and decline both occurred in 2018, each 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 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 core market for exports in kind, accounting for 15.0% of total flows.

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

Between 2017 and 2020, the geographical structure of exports in value terms was centred on Germany, with its share reaching 9.3% of total 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 to Cabo Verde

Imports in kind, t

In 2020, Cabo Verde registered cross-border shipments of coconuts at 93.2 tonnes, marking a 42.1% reduction compared to 2019. The maximum value was recorded in 2019 at 161.0 tonnes, which also saw the largest increase of 31.7%. From 2017 to 2020, imports decreased by 31.3%, equating to an annualized rate of 11.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(9.9%)	31.7%	(42.1%)	(11.8%)

Source: SHEV.io

From 2017 to 2020, Portugal and Sri Lanka were the main markets for imports in kind, jointly accounting for 83.7% of total flows, while other partners made up the remainder.

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

Foreign coconut supplies to Cabo Verde declined for the third consecutive year. In 2020, Cabo Verde imported 220.2 thousand US dollars worth of coconuts, representing a steep fall of 36.3% compared to the previous year. Over the period from 2017 to 2020, imports decreased by 46.7%, with a compound annual growth rate of -18.9%.

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	(9.4%)	(7.7%)	(36.3%)	(18.9%)

Source: SHEV.io

Throughout 2017 to 2020, Portugal and Sri Lanka remained the key partner countries for imports in value terms, with a combined share of 89.6% of total flows; other partners accounted for the rest.

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