| Product Code: ETC5396514 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada continued to rely heavily on imports of decorated apparel, with top exporting countries being the USA, Areas, nes, Panama, Canada, and China. The market showed high concentration levels with a very high Herfindahl-Hirschman Index (HHI). However, the industry experienced a significant decline with a negative Compound Annual Growth Rate (CAGR) of -23.88% from 2020 to 2024. The growth rate in 2024 plummeted by -64.91% compared to the previous year, reflecting a challenging environment for decorated apparel imports 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 Decorated Apparel Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Decorated Apparel Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Decorated Apparel Market - Industry Life Cycle |
3.4 Grenada Decorated Apparel Market - Porter's Five Forces |
3.5 Grenada Decorated Apparel Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada Decorated Apparel Market Revenues & Volume Share, By End Users Channel, 2021 & 2031F |
4 Grenada Decorated Apparel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for personalized and unique apparel items |
4.2.2 Increasing popularity of custom-designed clothing among younger demographics |
4.2.3 Rising trend of gifting personalized apparel for special occasions |
4.3 Market Restraints |
4.3.1 Limited availability of skilled artisans for intricate decoration work |
4.3.2 Fluctuating raw material costs impacting pricing of decorated apparel |
4.3.3 Competition from mass-produced, cheaper alternatives in the market |
5 Grenada Decorated Apparel Market Trends |
6 Grenada Decorated Apparel Market Segmentations |
6.1 Grenada Decorated Apparel Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Decorated Apparel Market Revenues & Volume, By Embroidery, 2021-2031F |
6.1.3 Grenada Decorated Apparel Market Revenues & Volume, By Screen Printing, 2021-2031F |
6.1.4 Grenada Decorated Apparel Market Revenues & Volume, By Dye Sublimation, 2021-2031F |
6.1.5 Grenada Decorated Apparel Market Revenues & Volume, By Digital Printing, 2021-2031F |
6.1.6 Grenada Decorated Apparel Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Decorated Apparel Market, By End Users Channel |
6.2.1 Overview and Analysis |
6.2.2 Grenada Decorated Apparel Market Revenues & Volume, By Men, 2021-2031F |
6.2.3 Grenada Decorated Apparel Market Revenues & Volume, By Women, 2021-2031F |
6.2.4 Grenada Decorated Apparel Market Revenues & Volume, By Children, 2021-2031F |
7 Grenada Decorated Apparel Market Import-Export Trade Statistics |
7.1 Grenada Decorated Apparel Market Export to Major Countries |
7.2 Grenada Decorated Apparel Market Imports from Major Countries |
8 Grenada Decorated Apparel Market Key Performance Indicators |
8.1 Customer retention rate for repeat purchases of decorated apparel |
8.2 Number of new design launches per quarter |
8.3 Average order value (AOV) for personalized apparel items |
9 Grenada Decorated Apparel Market - Opportunity Assessment |
9.1 Grenada Decorated Apparel Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada Decorated Apparel Market Opportunity Assessment, By End Users Channel, 2021 & 2031F |
10 Grenada Decorated Apparel Market - Competitive Landscape |
10.1 Grenada Decorated Apparel Market Revenue Share, By Companies, 2024 |
10.2 Grenada Decorated Apparel 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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