| Product Code: ETC4788571 | 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 garnet import shipments in 2024 saw a decline in growth rate, with a CAGR of -2.22% from 2020 to 2024. Despite this, the top countries exporting to Grenada remained consistent, with Saint Lucia, Dominica, USA, Canada, and Suriname leading the way. The Herfindahl-Hirschman Index (HHI) indicated very high concentration in the market, suggesting a dominant presence of these key exporting countries. The steep decline in growth rate from 2023 to 2024 at -93.35% may indicate a sudden shift or external factors impacting the import market for garnets in Grenada.
By 2027, the Garnet market in Grenada is anticipated to reach a growth rate of 2.72%, as part of an increasingly competitive North America region, where United States of America remains at the forefront, supported by Canada, Trinidad and Tobago, Jamaica and Bahamas, driving innovations and market adoption across sectors.

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 Garnet Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Garnet Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Garnet Market - Industry Life Cycle |
3.4 Grenada Garnet Market - Porter's Five Forces |
3.5 Grenada Garnet Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Garnet Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Garnet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Garnet Market Trends |
6 Grenada Garnet Market Segmentations |
6.1 Grenada Garnet Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Garnet Market Revenues & Volume, By Almandine, 2021-2031F |
6.1.3 Grenada Garnet Market Revenues & Volume, By Pyrope, 2021-2031F |
6.1.4 Grenada Garnet Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Garnet Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Garnet Market Revenues & Volume, By Water Jet Cutting, 2021-2031F |
6.2.3 Grenada Garnet Market Revenues & Volume, By Abrasive Blasting, 2021-2031F |
6.2.4 Grenada Garnet Market Revenues & Volume, By Water Filtration, 2021-2031F |
6.2.5 Grenada Garnet Market Revenues & Volume, By Abrasive Powders, 2021-2031F |
6.2.6 Grenada Garnet Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Garnet Market Import-Export Trade Statistics |
7.1 Grenada Garnet Market Export to Major Countries |
7.2 Grenada Garnet Market Imports from Major Countries |
8 Grenada Garnet Market Key Performance Indicators |
9 Grenada Garnet Market - Opportunity Assessment |
9.1 Grenada Garnet Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Garnet Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Garnet Market - Competitive Landscape |
10.1 Grenada Garnet Market Revenue Share, By Companies, 2024 |
10.2 Grenada Garnet 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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