| Product Code: ETC5517525 | 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 |
In 2024, Grenada continued to rely heavily on iron castings imports from top countries such as the USA, China, Guyana, Trinidad and Tobago, and the UK. The High Herfindahl-Hirschman Index (HHI) indicated a concentrated market, suggesting limited competition. The Compound Annual Growth Rate (CAGR) from 2020 to 2024 was notably negative at -45.83%, indicating a decline in demand or other market factors. Furthermore, the growth rate from 2023 to 2024 plummeted by -92.42%, reflecting a significant downturn in import shipments during that period.
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 Castings Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Iron Castings Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Iron Castings Market - Industry Life Cycle |
3.4 Grenada Iron Castings Market - Porter's Five Forces |
3.5 Grenada Iron Castings Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada Iron Castings Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Grenada Iron Castings Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for durable and high-quality iron castings in industries such as automotive, construction, and machinery. |
4.2.2 Growing emphasis on sustainable and environmentally-friendly manufacturing processes in the iron casting industry. |
4.2.3 Technological advancements leading to improved efficiency and cost-effectiveness in iron casting production. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials like iron ore and scrap metal affecting production costs. |
4.3.2 Intense competition from alternative materials like aluminum and steel impacting market share. |
4.3.3 Regulatory challenges related to environmental compliance and waste management in the iron casting industry. |
5 Grenada Iron Castings Market Trends |
6 Grenada Iron Castings Market Segmentations |
6.1 Grenada Iron Castings Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Iron Castings Market Revenues & Volume, By Gray Iron, 2021-2031F |
6.1.3 Grenada Iron Castings Market Revenues & Volume, By Ductile Iron, 2021-2031F |
6.1.4 Grenada Iron Castings Market Revenues & Volume, By Malleable Iron, 2021-2031F |
6.2 Grenada Iron Castings Market, By End-User |
6.2.1 Overview and Analysis |
6.2.2 Grenada Iron Castings Market Revenues & Volume, By Automobile, 2021-2031F |
6.2.3 Grenada Iron Castings Market Revenues & Volume, By Industrial Machinery, 2021-2031F |
6.2.4 Grenada Iron Castings Market Revenues & Volume, By Infrastructure and Construction Machines, 2021-2031F |
6.2.5 Grenada Iron Castings Market Revenues & Volume, By Power, 2021-2031F |
6.2.6 Grenada Iron Castings Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Iron Castings Market Import-Export Trade Statistics |
7.1 Grenada Iron Castings Market Export to Major Countries |
7.2 Grenada Iron Castings Market Imports from Major Countries |
8 Grenada Iron Castings Market Key Performance Indicators |
8.1 Scrap metal recycling rate within the iron casting industry. |
8.2 Adoption rate of eco-friendly casting processes such as green sand molding or shell molding. |
8.3 Percentage of defects in iron castings produced, indicating quality control and efficiency in manufacturing processes. |
9 Grenada Iron Castings Market - Opportunity Assessment |
9.1 Grenada Iron Castings Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada Iron Castings Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Grenada Iron Castings Market - Competitive Landscape |
10.1 Grenada Iron Castings Market Revenue Share, By Companies, 2024 |
10.2 Grenada Iron Castings 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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