| Product Code: ETC4689486 | 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 lace import market in 2024 saw significant growth, with top exporting countries being the UK, Panama, USA, Trinidad and Tobago, and China. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, likely dominated by a few key players. The impressive compound annual growth rate (CAGR) of 32.5% from 2020 to 2024 demonstrates a thriving industry. Moreover, the growth rate of 23.88% from 2023 to 2024 suggests continued momentum and demand for lace imports in Grenada.
By 2027, Grenada's Lace market is forecasted to achieve a stable growth rate of 1.69%, with United States of America leading the North America region, 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 Lace Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Lace Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Lace Market - Industry Life Cycle |
3.4 Grenada Lace Market - Porter's Five Forces |
3.5 Grenada Lace Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Lace Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Lace Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Lace Market Trends |
6 Grenada Lace Market Segmentations |
6.1 Grenada Lace Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Lace Market Revenues & Volume, By Cotton Thread, 2021-2031F |
6.1.3 Grenada Lace Market Revenues & Volume, By Flax, 2021-2031F |
6.1.4 Grenada Lace Market Revenues & Volume, By Silk Thread, 2021-2031F |
6.1.5 Grenada Lace Market Revenues & Volume, By Synthetic Fiber, 2021-2031F |
6.1.6 Grenada Lace Market Revenues & Volume, By Fine Copper, 2021-2031F |
6.1.7 Grenada Lace Market Revenues & Volume, By Silver Line, 2021-2031F |
6.2 Grenada Lace Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Lace Market Revenues & Volume, By Clothes, 2021-2031F |
6.2.3 Grenada Lace Market Revenues & Volume, By Shoes, 2021-2031F |
6.2.4 Grenada Lace Market Revenues & Volume, By Accessories, 2021-2031F |
6.2.5 Grenada Lace Market Revenues & Volume, By Soft Furniture, 2021-2031F |
6.2.6 Grenada Lace Market Revenues & Volume, By Other, 2021-2031F |
7 Grenada Lace Market Import-Export Trade Statistics |
7.1 Grenada Lace Market Export to Major Countries |
7.2 Grenada Lace Market Imports from Major Countries |
8 Grenada Lace Market Key Performance Indicators |
9 Grenada Lace Market - Opportunity Assessment |
9.1 Grenada Lace Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Lace Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Lace Market - Competitive Landscape |
10.1 Grenada Lace Market Revenue Share, By Companies, 2024 |
10.2 Grenada Lace 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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