| Product Code: ETC4755587 | 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 |
The import shipments of candle wicks to Grenada in 2024 continued to be dominated by top exporting countries such as the USA, China, UK, Puerto Rico, and other areas. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The impressive compound annual growth rate (CAGR) of 16.89% from 2020 to 2024 highlights the increasing demand for candle wicks in Grenada. However, the slight decrease in growth rate from 2023 to 2024 by -8.73% suggests a potential shift or temporary slowdown in the market.
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 Candle Wicks Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Candle Wicks Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Candle Wicks Market - Industry Life Cycle |
3.4 Grenada Candle Wicks Market - Porter's Five Forces |
3.5 Grenada Candle Wicks Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada Candle Wicks Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Candle Wicks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Candle Wicks Market Trends |
6 Grenada Candle Wicks Market Segmentations |
6.1 Grenada Candle Wicks Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Candle Wicks Market Revenues & Volume, By Cotton Wick, 2021-2031F |
6.1.3 Grenada Candle Wicks Market Revenues & Volume, By Wooden Wick, 2021-2031F |
6.1.4 Grenada Candle Wicks Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Candle Wicks Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Candle Wicks Market Revenues & Volume, By Home Use, 2021-2031F |
6.2.3 Grenada Candle Wicks Market Revenues & Volume, By Business Use, 2021-2031F |
7 Grenada Candle Wicks Market Import-Export Trade Statistics |
7.1 Grenada Candle Wicks Market Export to Major Countries |
7.2 Grenada Candle Wicks Market Imports from Major Countries |
8 Grenada Candle Wicks Market Key Performance Indicators |
9 Grenada Candle Wicks Market - Opportunity Assessment |
9.1 Grenada Candle Wicks Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada Candle Wicks Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Candle Wicks Market - Competitive Landscape |
10.1 Grenada Candle Wicks Market Revenue Share, By Companies, 2024 |
10.2 Grenada Candle Wicks 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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