| Product Code: ETC7367657 | 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 |
Grenada`s consumer electronics import market in 2024 continued to see strong growth, with a CAGR of 5.06% from 2020 to 2024. The top countries exporting to Grenada include the USA, Jamaica, Trinidad and Tobago, Saint Lucia, and Barbados. The high concentration of the Herfindahl-Hirschman Index (HHI) indicates a dominant market presence by these countries. Despite this concentration, the market experienced a healthy growth rate of 4.38% from 2023 to 2024, reflecting sustained demand for consumer electronics in 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 Consumer Electronics Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Consumer Electronics Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Consumer Electronics Market - Industry Life Cycle |
3.4 Grenada Consumer Electronics Market - Porter's Five Forces |
3.5 Grenada Consumer Electronics Market Revenues & Volume Share, By Product, 2021 & 2031F |
4 Grenada Consumer Electronics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of consumers in Grenada |
4.2.2 Technological advancements leading to the launch of innovative consumer electronics products |
4.2.3 Growing preference for smart home devices and connected technologies |
4.3 Market Restraints |
4.3.1 High import duties and taxes on consumer electronics products in Grenada |
4.3.2 Limited availability of skilled workforce for servicing and repairing consumer electronics |
4.3.3 Vulnerability to economic fluctuations and currency exchange rates |
5 Grenada Consumer Electronics Market Trends |
6 Grenada Consumer Electronics Market, By Types |
6.1 Grenada Consumer Electronics Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Consumer Electronics Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Grenada Consumer Electronics Market Revenues & Volume, By Home Appliances, 2021- 2031F |
6.1.4 Grenada Consumer Electronics Market Revenues & Volume, By Entertainment & Communication, 2021- 2031F |
6.1.5 Grenada Consumer Electronics Market Revenues & Volume, By Personal Care & Grooming, 2021- 2031F |
6.1.6 Grenada Consumer Electronics Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada Consumer Electronics Market Import-Export Trade Statistics |
7.1 Grenada Consumer Electronics Market Export to Major Countries |
7.2 Grenada Consumer Electronics Market Imports from Major Countries |
8 Grenada Consumer Electronics Market Key Performance Indicators |
8.1 Average spending per capita on consumer electronics in Grenada |
8.2 Adoption rate of smart home devices and connected technologies |
8.3 Number of new product launches and technological innovations in the Grenada consumer electronics market |
9 Grenada Consumer Electronics Market - Opportunity Assessment |
9.1 Grenada Consumer Electronics Market Opportunity Assessment, By Product, 2021 & 2031F |
10 Grenada Consumer Electronics Market - Competitive Landscape |
10.1 Grenada Consumer Electronics Market Revenue Share, By Companies, 2024 |
10.2 Grenada Consumer Electronics 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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