| Product Code: ETC6321695 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Barbados continues to see a steady increase in steel drum imports, with Jamaica, USA, China, Thailand, and Curaçao emerging as the top exporting countries in 2024. The market concentration, as measured by the HHI index, remains high, indicating a dominant presence of these key players. The compound annual growth rate (CAGR) from 2020 to 2024 stands at 3.36%, showcasing a consistent growth trajectory. Moreover, the impressive growth rate of 29.56% from 2023 to 2024 suggests a rapid acceleration in demand for steel drums in Barbados.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Barbados Steel Drum Market Overview |
3.1 Barbados Country Macro Economic Indicators |
3.2 Barbados Steel Drum Market Revenues & Volume, 2021 & 2031F |
3.3 Barbados Steel Drum Market - Industry Life Cycle |
3.4 Barbados Steel Drum Market - Porter's Five Forces |
3.5 Barbados Steel Drum Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
3.6 Barbados Steel Drum Market Revenues & Volume Share, By Head Type, 2021 & 2031F |
3.7 Barbados Steel Drum Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.8 Barbados Steel Drum Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
4 Barbados Steel Drum Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Rising popularity of Caribbean music and culture globally |
4.2.2 Growing tourism industry in Barbados leading to increased demand for steel drums |
4.2.3 Innovation in steel drum manufacturing techniques leading to improved quality and sound |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Competition from other musical instruments affecting market share |
4.3.3 Limited skilled labor for traditional steel drum craftsmanship |
5 Barbados Steel Drum Market Trends |
6 Barbados Steel Drum Market, By Types |
6.1 Barbados Steel Drum Market, By Capacity |
6.1.1 Overview and Analysis |
6.1.2 Barbados Steel Drum Market Revenues & Volume, By Capacity, 2021- 2031F |
6.1.3 Barbados Steel Drum Market Revenues & Volume, By 55 Gallon Steel Drum, 2021- 2031F |
6.1.4 Barbados Steel Drum Market Revenues & Volume, By Other than 55 Gallon Steel Drum, 2021- 2031F |
6.2 Barbados Steel Drum Market, By Head Type |
6.2.1 Overview and Analysis |
6.2.2 Barbados Steel Drum Market Revenues & Volume, By Tight Head Steel Drum, 2021- 2031F |
6.2.3 Barbados Steel Drum Market Revenues & Volume, By Open Head Steel Drum, 2021- 2031F |
6.3 Barbados Steel Drum Market, By Material |
6.3.1 Overview and Analysis |
6.3.2 Barbados Steel Drum Market Revenues & Volume, By Carbon Steel, 2021- 2031F |
6.3.3 Barbados Steel Drum Market Revenues & Volume, By Stainless Steel, 2021- 2031F |
6.4 Barbados Steel Drum Market, By End-Use Industry |
6.4.1 Overview and Analysis |
6.4.2 Barbados Steel Drum Market Revenues & Volume, By Food & Beverages, 2021- 2031F |
6.4.3 Barbados Steel Drum Market Revenues & Volume, By Healthcare and Pharmaceuticals, 2021- 2031F |
6.4.4 Barbados Steel Drum Market Revenues & Volume, By Oils & Lubricants, 2021- 2031F |
6.4.5 Barbados Steel Drum Market Revenues & Volume, By Paints & Dyes, 2021- 2031F |
6.4.6 Barbados Steel Drum Market Revenues & Volume, By Chemicals and solvents, 2021- 2031F |
6.4.7 Barbados Steel Drum Market Revenues & Volume, By Building and construction, 2021- 2031F |
6.4.8 Barbados Steel Drum Market Revenues & Volume, By Others, 2021- 2031F |
6.4.9 Barbados Steel Drum Market Revenues & Volume, By Others, 2021- 2031F |
7 Barbados Steel Drum Market Import-Export Trade Statistics |
7.1 Barbados Steel Drum Market Export to Major Countries |
7.2 Barbados Steel Drum Market Imports from Major Countries |
8 Barbados Steel Drum Market Key Performance Indicators |
8.1 Average selling price of steel drums |
8.2 Number of steel drum workshops or manufacturers in Barbados |
8.3 Percentage of revenue reinvested in research and development for steel drum innovation. |
9 Barbados Steel Drum Market - Opportunity Assessment |
9.1 Barbados Steel Drum Market Opportunity Assessment, By Capacity, 2021 & 2031F |
9.2 Barbados Steel Drum Market Opportunity Assessment, By Head Type, 2021 & 2031F |
9.3 Barbados Steel Drum Market Opportunity Assessment, By Material, 2021 & 2031F |
9.4 Barbados Steel Drum Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
10 Barbados Steel Drum Market - Competitive Landscape |
10.1 Barbados Steel Drum Market Revenue Share, By Companies, 2024 |
10.2 Barbados Steel Drum Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |