| Product Code: ETC5391593 | 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 iron casting import market in 2024 continued to see a high level of concentration, with the top exporters being the USA, China, Guyana, Trinidad and Tobago, and the UK. Despite the significant market concentration, the industry experienced a sharp decline in both the CAGR (-45.83%) and the growth rate from 2023 to 2024 (-92.42%). This indicates a challenging year for iron casting imports in Grenada, with potential shifts in market dynamics and demand patterns impacting the industry`s performance.
In the North America region, the Iron Casting market in Grenada is projected to expand at a stable growth rate of 1.51% by 2027. The largest economy is United States of America, followed by Canada, Trinidad and Tobago, Jamaica and Bahamas.

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 Iron Casting Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Iron Casting Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Iron Casting Market - Industry Life Cycle |
3.4 Grenada Iron Casting Market - Porter's Five Forces |
3.5 Grenada Iron Casting Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada Iron Casting Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Iron Casting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for iron castings in industries such as automotive, construction, and machinery. |
4.2.2 Increasing investments in infrastructure projects in Grenada requiring iron castings. |
4.2.3 Technological advancements leading to improved efficiency and quality in iron casting production. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs. |
4.3.2 Competition from alternative materials like aluminum and composites. |
4.3.3 Regulatory challenges related to environmental impact and waste management in iron casting processes. |
5 Grenada Iron Casting Market Trends |
6 Grenada Iron Casting Market Segmentations |
6.1 Grenada Iron Casting Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Iron Casting Market Revenues & Volume, By Malleable, 2021-2031F |
6.1.3 Grenada Iron Casting Market Revenues & Volume, By Gray, 2021-2031F |
6.1.4 Grenada Iron Casting Market Revenues & Volume, By Ductile, 2021-2031F |
6.2 Grenada Iron Casting Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Iron Casting Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Grenada Iron Casting Market Revenues & Volume, By Machinery & Tools, 2021-2031F |
6.2.4 Grenada Iron Casting Market Revenues & Volume, By Railways, 2021-2031F |
7 Grenada Iron Casting Market Import-Export Trade Statistics |
7.1 Grenada Iron Casting Market Export to Major Countries |
7.2 Grenada Iron Casting Market Imports from Major Countries |
8 Grenada Iron Casting Market Key Performance Indicators |
8.1 Scrap rate: Lower scrap rates indicate improved efficiency and cost-effectiveness in iron casting production. |
8.2 Energy consumption per unit: Monitoring energy consumption can highlight opportunities for cost savings and sustainability improvements. |
8.3 Defect rate: Lower defect rates signify higher quality products and production processes in the iron casting market. |
9 Grenada Iron Casting Market - Opportunity Assessment |
9.1 Grenada Iron Casting Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada Iron Casting Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Iron Casting Market - Competitive Landscape |
10.1 Grenada Iron Casting Market Revenue Share, By Companies, 2024 |
10.2 Grenada Iron Casting 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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