| Product Code: ETC4776335 | 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 handicraft import shipments in 2024 continued to be dominated by top exporting countries such as the USA, Hong Kong, Trinidad and Tobago, UK, and Mexico. Despite a high Herfindahl-Hirschman Index (HHI) indicating concentration, the industry experienced a significant decline with a negative compound annual growth rate (CAGR) of -26.4% from 2020 to 2024. Moreover, the growth rate plummeted by -69.93% from 2023 to 2024, signaling challenging times for the Grenada handicraft import market.
The Handicraft market in Grenada is projected to grow at a stable growth rate of 2.69% by 2027, within the North America region led by United States of America, along with other countries like Canada, Trinidad and Tobago, Jamaica and Bahamas, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 Handicraft Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Handicraft Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Handicraft Market - Industry Life Cycle |
3.4 Grenada Handicraft Market - Porter's Five Forces |
3.5 Grenada Handicraft Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada Handicraft Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.7 Grenada Handicraft Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Grenada Handicraft Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Handicraft Market Trends |
6 Grenada Handicraft Market Segmentations |
6.1 Grenada Handicraft Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Handicraft Market Revenues & Volume, By Woodware, 2021-2031F |
6.1.3 Grenada Handicraft Market Revenues & Volume, By Art metal Ware, 2021-2031F |
6.1.4 Grenada Handicraft Market Revenues & Volume, By Handprinted Textiles and Scarves, 2021-2031F |
6.1.5 Grenada Handicraft Market Revenues & Volume, By Embroidered and Crocheted Goods, 2021-2031F |
6.1.6 Grenada Handicraft Market Revenues & Volume, By Zari and Zari Goods, 2021-2031F |
6.1.7 Grenada Handicraft Market Revenues & Volume, By Imitation Jewelry, 2021-2031F |
6.1.9 Grenada Handicraft Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 Grenada Handicraft Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Handicraft Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Grenada Handicraft Market Revenues & Volume, By Mass Retailers, 2021-2031F |
6.2.3 Grenada Handicraft Market Revenues & Volume, By Departmental Stores, 2021-2031F |
6.2.4 Grenada Handicraft Market Revenues & Volume, By Independent Retailers, 2021-2031F |
6.2.5 Grenada Handicraft Market Revenues & Volume, By Specialty Stores, 2021-2031F |
6.2.6 Grenada Handicraft Market Revenues & Volume, By Online Stores, 2021-2031F |
6.2.7 Grenada Handicraft Market Revenues & Volume, By Others, 2021-2031F |
6.3 Grenada Handicraft Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Grenada Handicraft Market Revenues & Volume, By Residential, 2021-2031F |
6.3.3 Grenada Handicraft Market Revenues & Volume, By Commercial, 2021-2031F |
7 Grenada Handicraft Market Import-Export Trade Statistics |
7.1 Grenada Handicraft Market Export to Major Countries |
7.2 Grenada Handicraft Market Imports from Major Countries |
8 Grenada Handicraft Market Key Performance Indicators |
9 Grenada Handicraft Market - Opportunity Assessment |
9.1 Grenada Handicraft Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada Handicraft Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.3 Grenada Handicraft Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Grenada Handicraft Market - Competitive Landscape |
10.1 Grenada Handicraft Market Revenue Share, By Companies, 2024 |
10.2 Grenada Handicraft 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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