Market research

Maize flour and cereals market in Cabo Verde

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The market for maize flour and cereals in Cabo Verde contracted from over 30 000 t in 2018 to around 21 900 t in 2023. The state-owned company MOAVE played a central role in production and supply throughout the period. In 2020, the COVID-19 pandemic led to increased demand for cereals in urban centers, supported by the state grain investment company CICCV which secured sufficient stocks to prevent shortages.

Market volume stabilized in 2022 as the International Investment Bank partnered with the government to finance imports of essential food goods, including maize, ensuring supply for the livestock sector that consumes most imported maize. This helped maintain import levels despite broader challenges.

Agricultural reports in 2024 indicated a significant rise in local maize production, while MOAVE anticipated imports to mitigate potential price and logistics impacts from geopolitical tensions, reflecting ongoing adjustments in supply strategies.

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 maize flour and cereals in Cabo Verde

In kind, 2017-2020, t

Top producers of maize flour and cereals, 2017-2020

Source: SHEV.io

World map of production of maize flour and cereals, 2017-2020

Source: SHEV.io

In 2020, Cabo Verde produced 24 000 tonnes of maize flour and cereals, representing a 1.6% increase compared to 2019. Over the 2017-2020 period, production grew by 10.3%, with a compound annual growth rate of 3.3%. The highest production level was recorded in 2018 at 28 500 tonnes, which marked a significant 31.0% increase. However, 2019 saw the largest decline of 17.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	31.0%	(17.1%)	1.6%	3.3%

Source: SHEV.io

Exports maize flour and cereals from Cabo Verde

Exports in kind, t

In 2019, Cabo Verde exported 0.1 tonnes of maize flour and cereals, showing minimal change compared to 2018. Between 2017 and 2019, exports increased by 57.5%, which translates to an annualized growth rate of 16.3%.

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, Macao and Germany maintained their positions as the primary buyers of maize flour and cereals from Cabo Verde, together accounting for 64.1% 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

In 2019, maize flour and cereals exports from Cabo Verde were valued at 0.2 thousand US dollars, with only marginal fluctuations compared to 2018. Between 2017 and 2019, exports surged by 252.6%, equivalent to an annualized rate of 52.2%.

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 and Macao remained the key partner countries for maize flour and cereals exports from Cabo Verde in value terms, jointly representing 58.5% 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 maize flour and cereals to Cabo Verde

Imports in kind, t

In 2020, Cabo Verde imported 1 715 tonnes of maize flour and cereals, down by 10.2% compared to the previous year. The lowest import volume was recorded in 2018 at 1 605 tonnes, while the highest was in 2019 at 1 909 tonnes, which also saw the largest increase of 19.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(4.5%)	19.0%	(10.2%)	0.7%

Source: SHEV.io

From 2017 to 2020, Portugal accounted for nearly all imports of maize flour and cereals to Cabo Verde in volume, with a share of 93.2% of total flows.

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

In 2020, Cabo Verde imported maize flour and cereals worth 739.0 thousand US dollars, indicating a limited decline of 9.3% compared to 2019. Over the 2017-2020 period, imports decreased by 7.6%, with a compound annual growth rate of -2.6%. The highest value was recorded in 2019 at 815.1 thousand US dollars, which also experienced the largest increase of 8.2%.

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	(5.8%)	8.2%	(9.3%)	(2.6%)

Source: SHEV.io

Throughout 2017-2020, Portugal almost entirely shaped the geographical structure of maize flour and cereals imports to Cabo Verde in value terms, holding a 92.1% share of total flows.

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