| Product Code: ETC12312550 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Grenada`s homeware import market continues to thrive in 2024, with key exporting countries such as the USA, UK, Trinidad and Tobago, China, and South Africa contributing significantly. The high concentration levels in 2023 intensified further in 2024, indicating a competitive marketplace. The impressive compound annual growth rate (CAGR) of 39.27% from 2020 to 2024 underscores the sector`s robust expansion. Although the growth rate slightly dipped to 3.59% in 2024 compared to the previous year, the overall trend remains positive, signaling continued opportunities and demand for homeware 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 Homeware Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Homeware Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Homeware Market - Industry Life Cycle |
3.4 Grenada Homeware Market - Porter's Five Forces |
3.5 Grenada Homeware Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada Homeware Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.7 Grenada Homeware Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Grenada Homeware Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Homeware Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing disposable income levels in Grenada leading to increased consumer spending on homeware products. |
4.2.2 Changing lifestyle trends and preferences towards home decor and improvement. |
4.2.3 Tourism industry growth in Grenada driving demand for homeware products in hotels, resorts, and vacation rentals. |
4.3 Market Restraints |
4.3.1 High import duties and taxes on homeware products affecting affordability for consumers. |
4.3.2 Limited availability of locally manufactured homeware products leading to reliance on imports. |
5 Grenada Homeware Market Trends |
6 Grenada Homeware Market, By Types |
6.1 Grenada Homeware Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Homeware Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Grenada Homeware Market Revenues & Volume, By Kitchenware, 2021 - 2031F |
6.1.4 Grenada Homeware Market Revenues & Volume, By Home D cor, 2021 - 2031F |
6.1.5 Grenada Homeware Market Revenues & Volume, By Furniture, 2021 - 2031F |
6.1.6 Grenada Homeware Market Revenues & Volume, By Storage Solutions, 2021 - 2031F |
6.2 Grenada Homeware Market, By Material Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Homeware Market Revenues & Volume, By Stainless Steel and Ceramic, 2021 - 2031F |
6.2.3 Grenada Homeware Market Revenues & Volume, By Wood and Glass, 2021 - 2031F |
6.2.4 Grenada Homeware Market Revenues & Volume, By Plastic and Metal, 2021 - 2031F |
6.2.5 Grenada Homeware Market Revenues & Volume, By Fabric and Plastic, 2021 - 2031F |
6.3 Grenada Homeware Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Grenada Homeware Market Revenues & Volume, By Household Consumers, 2021 - 2031F |
6.3.3 Grenada Homeware Market Revenues & Volume, By Interior Designers and Homeowners, 2021 - 2031F |
6.3.4 Grenada Homeware Market Revenues & Volume, By Urban and Rural Households, 2021 - 2031F |
6.3.5 Grenada Homeware Market Revenues & Volume, By Space-conscious Individuals, 2021 - 2031F |
6.4 Grenada Homeware Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Grenada Homeware Market Revenues & Volume, By Cooking and Food Preparation, 2021 - 2031F |
6.4.3 Grenada Homeware Market Revenues & Volume, By Aesthetic and Functional Enhancement, 2021 - 2031F |
6.4.4 Grenada Homeware Market Revenues & Volume, By Home Furnishing and Comfort, 2021 - 2031F |
6.4.5 Grenada Homeware Market Revenues & Volume, By Organization and Decluttering, 2021 - 2031F |
7 Grenada Homeware Market Import-Export Trade Statistics |
7.1 Grenada Homeware Market Export to Major Countries |
7.2 Grenada Homeware Market Imports from Major Countries |
8 Grenada Homeware Market Key Performance Indicators |
8.1 Average spending per household on homeware products. |
8.2 Number of homeware retailers entering the Grenada market. |
8.3 Percentage of increase in tourism accommodation establishments sourcing homeware products locally. |
9 Grenada Homeware Market - Opportunity Assessment |
9.1 Grenada Homeware Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada Homeware Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.3 Grenada Homeware Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Grenada Homeware Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Homeware Market - Competitive Landscape |
10.1 Grenada Homeware Market Revenue Share, By Companies, 2024 |
10.2 Grenada Homeware 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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