| Product Code: ETC5387869 | 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 flatware import market in 2024 continued to be dominated by key exporters such as the USA, Panama, UK, Curaçao, and Spain. The High Herfindahl-Hirschman Index (HHI) in 2023 indicated a concentrated market, which escalated to very high concentration in 2024. Despite a notable Compound Annual Growth Rate (CAGR) of 24.76% from 2020 to 2024, there was a slight decline in the growth rate from 2023 to 2024 at -8.93%. These trends suggest a competitive landscape with significant market players maintaining their stronghold in the Grenadian flatware import industry.
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 Flatware Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Flatware Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Flatware Market - Industry Life Cycle |
3.4 Grenada Flatware Market - Porter's Five Forces |
3.5 Grenada Flatware Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada Flatware Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.7 Grenada Flatware Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Flatware Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income levels leading to higher spending on luxury items such as premium flatware. |
4.2.2 Growing trend of hosting social gatherings and events, driving demand for elegant tableware including flatware. |
4.2.3 Rising popularity of fine dining experiences and home entertaining, boosting the demand for high-quality flatware. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs of flatware. |
4.3.2 Intense competition in the flatware market leading to pricing pressures. |
4.3.3 Changing consumer preferences towards more casual dining options impacting the demand for traditional flatware. |
5 Grenada Flatware Market Trends |
6 Grenada Flatware Market Segmentations |
6.1 Grenada Flatware Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Flatware Market Revenues & Volume, By Plastic, 2021-2031F |
6.1.3 Grenada Flatware Market Revenues & Volume, By Stainless Steel, 2021-2031F |
6.1.4 Grenada Flatware Market Revenues & Volume, By Silver, 2021-2031F |
6.1.5 Grenada Flatware Market Revenues & Volume, By Gold, 2021-2031F |
6.2 Grenada Flatware Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Grenada Flatware Market Revenues & Volume, By Online, 2021-2031F |
6.2.3 Grenada Flatware Market Revenues & Volume, By Offline, 2021-2031F |
6.3 Grenada Flatware Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Flatware Market Revenues & Volume, By Public Consumption Restaurant, 2021-2031F |
6.3.3 Grenada Flatware Market Revenues & Volume, By High-end Restaurant, 2021-2031F |
7 Grenada Flatware Market Import-Export Trade Statistics |
7.1 Grenada Flatware Market Export to Major Countries |
7.2 Grenada Flatware Market Imports from Major Countries |
8 Grenada Flatware Market Key Performance Indicators |
8.1 Customer satisfaction scores reflecting the quality and design appeal of Grenada flatware. |
8.2 Number of new product introductions indicating innovation and market responsiveness. |
8.3 Social media engagement metrics showing brand awareness and customer engagement levels. |
9 Grenada Flatware Market - Opportunity Assessment |
9.1 Grenada Flatware Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada Flatware Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.3 Grenada Flatware Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Flatware Market - Competitive Landscape |
10.1 Grenada Flatware Market Revenue Share, By Companies, 2024 |
10.2 Grenada Flatware 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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