Key Market Indicators
Cabo Verdean demand for phosphate is expected to climb at an average rate of 4.3% per year until 2026. This will bring the total import value to about $6,000 by that time, up from $4,500 in 2021. Since 2002, Cabo Verdean phosphate imports have grown by almost 30%, with the US, Indonesia, and Lithuania ranking as the top three suppliers.