| Product Code: ETC4690683 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada continued to rely on imports of magnesium sulfate, with Trinidad and Tobago, USA, UK, Areas, nes, and Austria emerging as key exporters. Despite a high Herfindahl-Hirschman Index indicating market concentration, the compound annual growth rate (CAGR) from 2020-24 remained negative at -8.04%. Furthermore, the growth rate from 2023-24 witnessed a significant decline of -25.95%. These trends suggest a challenging market environment for magnesium sulfate imports in Grenada, highlighting the need for strategic measures to stimulate growth and diversify import sources.
Magnesium sulfate, also known as Epsom salt, is widely used in Grenada in agriculture, particularly as a fertilizer to enhance soil quality and promote plant growth. The demand for magnesium sulfate in Grenada is driven by the countrys agricultural sector, with its use extending to livestock feed, water treatment, and cosmetics. As Grenadas agricultural practices continue to modernize and diversify, the magnesium sulfate market is expected to expand to meet the needs of these growing industries.
The demand for Magnesium Sulfate in Grenada is being driven by its use in agriculture as a nutrient for crops and its role in the production of fertilizers. Additionally, its applications in the pharmaceutical industry, as a laxative and in other health-related products, further contribute to market growth. The increasing focus on sustainable agriculture and the growing adoption of magnesium sulfate-based fertilizers are boosting demand.
The magnesium sulfate market in Grenada faces limited demand due to the small scale of local agricultural and industrial activities. Magnesium sulfate is commonly used as a fertilizer, in water treatment, and in pharmaceuticals. However, Grenadas agricultural sector is relatively small, and there is limited use of magnesium sulfate in local farming practices. The pharmaceutical industrys demand for this compound is also low, and local production capabilities are minimal, leading to a reliance on imports, which raises the cost of magnesium sulfate products.
The governments policy for the magnesium sulfate market in Grenada supports both the local agricultural sector and the production of industrial-grade magnesium sulfate. The government encourages sustainable practices in the production of magnesium sulfate, particularly in its use as a fertilizer. Regulatory oversight ensures that the substances application does not lead to environmental degradation, and policies promote its use in eco-friendly agriculture. Grenada also looks to boost exports to meet regional demands for the product.
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 Magnesium Sulfate Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Magnesium Sulfate Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Magnesium Sulfate Market - Industry Life Cycle |
3.4 Grenada Magnesium Sulfate Market - Porter's Five Forces |
3.5 Grenada Magnesium Sulfate Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Grenada Magnesium Sulfate Market Revenues & Volume Share Segmentations, 2021 & 2031F |
3.7 Grenada Magnesium Sulfate Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Grenada Magnesium Sulfate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Magnesium Sulfate Market Trends |
6 Grenada Magnesium Sulfate Market Segmentations |
6.1 Grenada Magnesium Sulfate Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Grenada Magnesium Sulfate Market Revenues & Volume, By Crystal, 2021-2031F |
6.1.3 Grenada Magnesium Sulfate Market Revenues & Volume, By Powder, 2021-2031F |
6.1.4 Grenada Magnesium Sulfate Market Revenues & Volume, By Granules, 2021-2031F |
6.2 Grenada Magnesium Sulfate Market Segmentations |
6.2.1 Overview and Analysis |
6.2.2 Grenada Magnesium Sulfate Market Revenues & Volume, By Heptahydrate, 2021-2031F |
6.2.3 Grenada Magnesium Sulfate Market Revenues & Volume, By Anhydrous, 2021-2031F |
6.2.4 Grenada Magnesium Sulfate Market Revenues & Volume, By Monohydrate, 2021-2031F |
6.2.5 Grenada Magnesium Sulfate Market Revenues & Volume, By Others, 2021-2031F |
6.3 Grenada Magnesium Sulfate Market, By Applications |
6.3.1 Overview and Analysis |
6.3.2 Grenada Magnesium Sulfate Market Revenues & Volume, By Fertilizer, 2021-2031F |
6.3.3 Grenada Magnesium Sulfate Market Revenues & Volume, By Medical, 2021-2031F |
6.3.4 Grenada Magnesium Sulfate Market Revenues & Volume, By Food Additive, 2021-2031F |
6.3.5 Grenada Magnesium Sulfate Market Revenues & Volume, By Industrial, 2021-2031F |
6.3.6 Grenada Magnesium Sulfate Market Revenues & Volume, By Chemical, 2021-2031F |
6.3.7 Grenada Magnesium Sulfate Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Magnesium Sulfate Market Import-Export Trade Statistics |
7.1 Grenada Magnesium Sulfate Market Export to Major Countries |
7.2 Grenada Magnesium Sulfate Market Imports from Major Countries |
8 Grenada Magnesium Sulfate Market Key Performance Indicators |
9 Grenada Magnesium Sulfate Market - Opportunity Assessment |
9.1 Grenada Magnesium Sulfate Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Grenada Magnesium Sulfate Market Opportunity Assessment Segmentations, 2021 & 2031F |
9.3 Grenada Magnesium Sulfate Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Grenada Magnesium Sulfate Market - Competitive Landscape |
10.1 Grenada Magnesium Sulfate Market Revenue Share, By Companies, 2024 |
10.2 Grenada Magnesium Sulfate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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