| Product Code: ETC5111761 | 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 |
Grenada`s card import market in 2024 continued to show high concentration, with top exporting countries being the USA, Barbados, Trinidad and Tobago, UK, and China. Despite a significant decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period 2020-2024 remained strong at 10.6%. This indicates steady growth in the market, with potential for further expansion and diversification in the coming years.
The Cards market in Grenada is projected to grow at a stable growth rate of 1.52% by 2027, within the North America region led by United States of America, along with other countries like Canada, Trinidad and Tobago, Jamaica and Bahamas, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 Cards Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Cards Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Cards Market - Industry Life Cycle |
3.4 Grenada Cards Market - Porter's Five Forces |
3.5 Grenada Cards Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Cards Market Revenues & Volume Share, By Usage, 2021 & 2031F |
3.7 Grenada Cards Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Grenada Cards Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness and demand for cashless transactions |
4.2.2 Growing adoption of digital payment solutions in Grenada |
4.2.3 Government initiatives to promote electronic payments and financial inclusion |
4.3 Market Restraints |
4.3.1 Limited merchant acceptance of card payments in Grenada |
4.3.2 Concerns about data security and privacy among consumers |
4.3.3 High costs associated with setting up card payment infrastructure in the country |
5 Grenada Cards Market Trends |
6 Grenada Cards Market Segmentations |
6.1 Grenada Cards Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Cards Market Revenues & Volume, By General Purpose, 2021-2031F |
6.1.3 Grenada Cards Market Revenues & Volume, By Private Label, 2021-2031F |
6.2 Grenada Cards Market, By Usage |
6.2.1 Overview and Analysis |
6.2.2 Grenada Cards Market Revenues & Volume, By General Purpose Re-Loadable Card, 2021-2031F |
6.2.3 Grenada Cards Market Revenues & Volume, By Government Benefit/Disbursement Card, 2021-2031F |
6.2.4 Grenada Cards Market Revenues & Volume, By Payroll Card, 2021-2031F |
6.2.5 Grenada Cards Market Revenues & Volume, By Others, 2021-2031F |
6.3 Grenada Cards Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 Grenada Cards Market Revenues & Volume, By Retail Establishments, 2021-2031F |
6.3.3 Grenada Cards Market Revenues & Volume, By Corporate Institutions, 2021-2031F |
6.3.4 Grenada Cards Market Revenues & Volume, By Government, 2021-2031F |
6.3.5 Grenada Cards Market Revenues & Volume, By Financial Institutions, 2021-2031F |
6.3.6 Grenada Cards Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Cards Market Import-Export Trade Statistics |
7.1 Grenada Cards Market Export to Major Countries |
7.2 Grenada Cards Market Imports from Major Countries |
8 Grenada Cards Market Key Performance Indicators |
8.1 Average transaction value per card |
8.2 Number of new cardholders acquired |
8.3 Percentage increase in contactless card transactions |
8.4 Merchant adoption rate of card payment terminals |
8.5 Customer satisfaction with card payment services |
9 Grenada Cards Market - Opportunity Assessment |
9.1 Grenada Cards Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Cards Market Opportunity Assessment, By Usage, 2021 & 2031F |
9.3 Grenada Cards Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Grenada Cards Market - Competitive Landscape |
10.1 Grenada Cards Market Revenue Share, By Companies, 2024 |
10.2 Grenada Cards 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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