| Product Code: ETC5090348 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada continued to see a significant influx of aluminum casting imports, with top exporting countries being the USA, China, Panama, Turkey, and Canada. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) of 13.91% over the period 2020-24 underscores a steady expansion in this sector. The consistent presence of major players like the USA and China demonstrates the enduring importance of these markets in supplying aluminum castings to Grenada.
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 Grenada Aluminum Casting Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Aluminum Casting Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Aluminum Casting Market - Industry Life Cycle |
3.4 Grenada Aluminum Casting Market - Porter's Five Forces |
3.5 Grenada Aluminum Casting Market Revenues & Volume Share, By Process, 2021 & 2031F |
3.6 Grenada Aluminum Casting Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Grenada Aluminum Casting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for lightweight and durable materials in automotive and aerospace industries |
4.2.2 Increasing focus on sustainable manufacturing processes |
4.2.3 Technological advancements in aluminum casting techniques |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Intense competition from other materials like steel and plastic |
4.3.3 Environmental regulations impacting production processes |
5 Grenada Aluminum Casting Market Trends |
6 Grenada Aluminum Casting Market Segmentations |
6.1 Grenada Aluminum Casting Market, By Process |
6.1.1 Overview and Analysis |
6.1.2 Grenada Aluminum Casting Market Revenues & Volume, By Die Casting, 2021-2031F |
6.1.3 Grenada Aluminum Casting Market Revenues & Volume, By Sand Casting, 2021-2031F |
6.1.4 Grenada Aluminum Casting Market Revenues & Volume, By Permanent Mold Casting, 2021-2031F |
6.2 Grenada Aluminum Casting Market, By End-use |
6.2.1 Overview and Analysis |
6.2.2 Grenada Aluminum Casting Market Revenues & Volume, By Transportation sector, 2021-2031F |
6.2.3 Grenada Aluminum Casting Market Revenues & Volume, By Building & Construction sector, 2021-2031F |
6.2.4 Grenada Aluminum Casting Market Revenues & Volume, By Industrial sector, 2021-2031F |
6.2.5 Grenada Aluminum Casting Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Aluminum Casting Market Import-Export Trade Statistics |
7.1 Grenada Aluminum Casting Market Export to Major Countries |
7.2 Grenada Aluminum Casting Market Imports from Major Countries |
8 Grenada Aluminum Casting Market Key Performance Indicators |
8.1 Energy efficiency of aluminum casting processes |
8.2 Scrap rate reduction in casting operations |
8.3 Adoption rate of advanced aluminum casting technologies |
9 Grenada Aluminum Casting Market - Opportunity Assessment |
9.1 Grenada Aluminum Casting Market Opportunity Assessment, By Process, 2021 & 2031F |
9.2 Grenada Aluminum Casting Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Grenada Aluminum Casting Market - Competitive Landscape |
10.1 Grenada Aluminum Casting Market Revenue Share, By Companies, 2024 |
10.2 Grenada Aluminum Casting Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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