| Product Code: ETC7373242 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada continued to rely on major exporters such as China, USA, UK, Dominican Republic, and Hong Kong for its LED chip imports. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a significant compound annual growth rate (CAGR) of 61.49% from 2020 to 2024, there was a notable decline in growth rate by -27.09% from 2023 to 2024. This fluctuation suggests a dynamic market environment, possibly influenced by global economic conditions and changing consumer demands.
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 LED Chip Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada LED Chip Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada LED Chip Market - Industry Life Cycle |
3.4 Grenada LED Chip Market - Porter's Five Forces |
3.5 Grenada LED Chip Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada LED Chip Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada LED Chip Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada LED Chip Market Trends |
6 Grenada LED Chip Market, By Types |
6.1 Grenada LED Chip Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada LED Chip Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Grenada LED Chip Market Revenues & Volume, By Blue LED Chips, 2021- 2031F |
6.1.4 Grenada LED Chip Market Revenues & Volume, By Red LED Chips, 2021- 2031F |
6.1.5 Grenada LED Chip Market Revenues & Volume, By Green LED Chips, 2021- 2031F |
6.1.6 Grenada LED Chip Market Revenues & Volume, By Infrared LED Chips, 2021- 2031F |
6.1.7 Grenada LED Chip Market Revenues & Volume, By Yellow LED Chips, 2021- 2031F |
6.1.8 Grenada LED Chip Market Revenues & Volume, By White LED Chips, 2021- 2031F |
6.2 Grenada LED Chip Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada LED Chip Market Revenues & Volume, By Backlighting, 2021- 2031F |
6.2.3 Grenada LED Chip Market Revenues & Volume, By Illumination, 2021- 2031F |
6.2.4 Grenada LED Chip Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.5 Grenada LED Chip Market Revenues & Volume, By Signs and Signal, 2021- 2031F |
6.2.6 Grenada LED Chip Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada LED Chip Market Import-Export Trade Statistics |
7.1 Grenada LED Chip Market Export to Major Countries |
7.2 Grenada LED Chip Market Imports from Major Countries |
8 Grenada LED Chip Market Key Performance Indicators |
9 Grenada LED Chip Market - Opportunity Assessment |
9.1 Grenada LED Chip Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada LED Chip Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada LED Chip Market - Competitive Landscape |
10.1 Grenada LED Chip Market Revenue Share, By Companies, 2024 |
10.2 Grenada LED Chip 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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