| Product Code: ETC5370446 | 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 |
Grenada`s electronic components import market in 2024 continued to be dominated by countries such as Trinidad and Tobago, UK, USA, Areas, nes, and Belgium. Despite a concerning decline in growth rate from 2023 to 2024, the overall compound annual growth rate (CAGR) for the period of 2020-2024 remained positive at 2.72%. The high Herfindahl-Hirschman Index (HHI) indicates a significant level of market concentration, suggesting potential challenges and opportunities for diversification in the future. Stakeholders should closely monitor market dynamics and explore strategies to mitigate risks associated with such high concentration levels.
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 Electronic Components Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Electronic Components Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Electronic Components Market - Industry Life Cycle |
3.4 Grenada Electronic Components Market - Porter's Five Forces |
3.5 Grenada Electronic Components Market Revenues & Volume Share Segmentations, 2021 & 2031F |
3.6 Grenada Electronic Components Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Grenada Electronic Components Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electronic devices and gadgets in Grenada |
4.2.2 Technological advancements driving the need for upgraded electronic components |
4.2.3 Government initiatives promoting the use of electronic components in various sectors |
4.3 Market Restraints |
4.3.1 Limited availability of skilled labor for manufacturing electronic components in Grenada |
4.3.2 Fluctuating prices of raw materials impacting the production cost of electronic components |
5 Grenada Electronic Components Market Trends |
6 Grenada Electronic Components Market Segmentations |
6.1 Grenada Electronic Components Market Segmentations |
6.1.1 Overview and Analysis |
6.1.2 Grenada Electronic Components Market Revenues & Volume, By Passive, 2021-2031F |
6.1.3 Grenada Electronic Components Market Revenues & Volume, By Active, 2021-2031F |
6.1.4 Grenada Electronic Components Market Revenues & Volume, By Electro Mechanic, 2021-2031F |
6.2 Grenada Electronic Components Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Grenada Electronic Components Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Grenada Electronic Components Market Revenues & Volume, By Communications, 2021-2031F |
6.2.4 Grenada Electronic Components Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.5 Grenada Electronic Components Market Revenues & Volume, By Computing Applications, 2021-2031F |
6.2.6 Grenada Electronic Components Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Electronic Components Market Import-Export Trade Statistics |
7.1 Grenada Electronic Components Market Export to Major Countries |
7.2 Grenada Electronic Components Market Imports from Major Countries |
8 Grenada Electronic Components Market Key Performance Indicators |
8.1 Percentage increase in the adoption of advanced electronic components in Grenada |
8.2 Average time taken to introduce new electronic components to the market in Grenada |
8.3 Number of research and development projects focused on enhancing electronic components in Grenada. |
9 Grenada Electronic Components Market - Opportunity Assessment |
9.1 Grenada Electronic Components Market Opportunity Assessment Segmentations, 2021 & 2031F |
9.2 Grenada Electronic Components Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Grenada Electronic Components Market - Competitive Landscape |
10.1 Grenada Electronic Components Market Revenue Share, By Companies, 2024 |
10.2 Grenada Electronic Components 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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