Market research

Wood fuel 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

Between 2018 and 2020, the wood fuel market in Cabo Verde remained stable at around 186 thousand cubic meters annually. Government investments in energy infrastructure and renewable sources, guided by the Electricity Sector Master Plan for 2018-2040, aimed to reduce fossil fuel dependence and expand electricity access, which may have contained growth in traditional wood fuel consumption.

Market volume jumped to 227.6 thousand cubic meters in 2021 and continued to rise steadily, reaching 233.3 thousand cubic meters by 2023. This growth coincided with sharp increases in international fossil fuel prices following the war in Ukraine, which made wood fuel a more affordable alternative for heating and cooking. Regulatory actions, including the Multisectoral Regulatory Agency for the Economy's monthly updates of maximum fuel prices, reflected the global price volatility and likely encouraged a shift toward wood-based energy.

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, K m³
  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, K m³
  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, K m³
  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, m³
    1. 6.1.2.1. Annual dynamics of product's imports to Cabo Verde in kind, 2018-2024, m³
    2. 6.1.2.2. Dynamics of product's imports in kind to Cabo Verde by countries, 2018-2024, m³
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Cabo Verde in value, 2018-2024, $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Cabo Verde by countries, 2018-2024, $ 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/m³
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Cabo Verde, 2018-2024, $ US/m³
    2. 6.1.4.2. Dynamics of average price of product's imports to Cabo Verde by countries, 2018-2024, $ US/m³
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, m³
    1. 6.2.2.1. Annual dynamics of product's imports to Cabo Verde in kind, 2018-2024, m³
    2. 6.2.2.2. Dynamics of product's imports in kind to Cabo Verde by countries, 2018-2024, m³
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Cabo Verde in value, 2018-2024, $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Cabo Verde by countries, 2018-2024, $ 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/m³
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Cabo Verde, 2018-2024, $ US/m³
    2. 6.2.4.2. Dynamics of average price of product's imports to Cabo Verde by countries, 2018-2024, $ US/m³
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, m³
    1. 7.1.2.1. Annual dynamics of product's exports from Cabo Verde in kind, 2018-2024, m³
    2. 7.1.2.2. Dynamics of product's exports in kind from Cabo Verde by countries, 2018-2024, m³
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Cabo Verde in value, 2018-2024, $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Cabo Verde by countries, 2018-2024, $ 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/m³
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Cabo Verde, 2018-2024, $ US/m³
    2. 7.1.4.2. Dynamics of average price of product's exports from Cabo Verde by countries, 2018-2024, $ US/m³
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, m³
    1. 7.2.2.1. Annual dynamics of product's exports from Cabo Verde in kind, 2018-2024, m³
    2. 7.2.2.2. Dynamics of product's exports in kind from Cabo Verde by countries, 2018-2024, m³
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Cabo Verde in value, 2018-2024, $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Cabo Verde by countries, 2018-2024, $ 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/m³
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Cabo Verde, 2018-2024, $ US/m³
    2. 7.2.4.2. Dynamics of average price of product's exports from Cabo Verde by countries, 2018-2024, $ US/m³
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, m³
  2. 8.1.2. In value, $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, m³
  2. 8.2.2. In value, $ 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 wood fuel in Cabo Verde

In kind, 2017-2020, K m³

Top producers of wood fuel, 2017-2020

Source: SHEV.io

World map of production of wood fuel, 2017-2020

Source: SHEV.io

In 2020, Cabo Verde produced 186.0 thousand cubic meters of wood fuel, showing minimal year-over-year change. The most significant fluctuations 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, K m³

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

Source: SHEV.io

Exports wood fuel from Cabo Verde

Exports in kind, m³

Annual dynamics of product's exports from Cabo Verde in kind, 2017-2020, m³

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

Source: SHEV.io

From 2017 to 2020, Panama was the primary buyer of wood fuel from Cabo Verde, accounting for 5.7% 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, $ US

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

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

Source: SHEV.io

During the 2017–2020 period, Panama held the largest share of wood fuel exports from Cabo Verde in value terms, representing 2.5% 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 wood fuel to Cabo Verde

Imports in kind, m³

The market showed an unstable trend over the period. Imports reached their lowest point in 2020 at 12.9 cubic meters, after peaking in 2018 at 106.7 cubic meters, resulting in an 8.3-fold difference between these years. In 2020, imports dropped sharply by 73.3% compared to the previous year. The largest increase was recorded in 2018 at 1.8%.

Annual dynamics of product's imports to Cabo Verde in kind, 2017-2020, m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.8%	(54.9%)	(73.3%)	(50.3%)

Source: SHEV.io

Between 2017 and 2020, Portugal and Spain together accounted for the majority of wood fuel imports to Cabo Verde in volume, jointly representing 98.1% 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, $ US

In 2020, Cabo Verde imported wood fuel valued at $US, marking a sharp decline of 47.9% from 2019. Over the 2017–2020 period, imports decreased by 53.8%, with a compound annual growth rate of 22.7%. The largest increase occurred in 2019 at 9.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(19.3%)	9.7%	(47.9%)	(22.7%)

Source: SHEV.io

From 2017 to 2020, Portugal dominated wood fuel imports to Cabo Verde in value terms, holding 82.1% of total flows, while other countries each had significantly smaller shares.

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