| Product Code: ETC7376307 | 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 oil storage import shipments, with the USA, Panama, Areas (not elsewhere specified), Anguilla, and Canada emerging as the top exporting countries. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry saw a significant compound annual growth rate (CAGR) of 20.67% from 2020 to 2024. However, there was a notable decline in growth rate from 2023 to 2024 at -50.3%, signaling potential challenges or shifts in the market dynamics that stakeholders should monitor closely.
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 Oil Storage Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Oil Storage Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Oil Storage Market - Industry Life Cycle |
3.4 Grenada Oil Storage Market - Porter's Five Forces |
3.5 Grenada Oil Storage Market Revenues & Volume Share, By Storage Type, 2021 & 2031F |
3.6 Grenada Oil Storage Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
4 Grenada Oil Storage Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for oil and petroleum products in Grenada |
4.2.2 Growth in the energy sector and oil industry in the region |
4.2.3 Investments in infrastructure development for oil storage facilities |
4.3 Market Restraints |
4.3.1 Environmental regulations and sustainability concerns affecting oil storage operations |
4.3.2 Volatility in global oil prices impacting investment decisions |
4.3.3 Limited land availability for expanding oil storage capacity in Grenada |
5 Grenada Oil Storage Market Trends |
6 Grenada Oil Storage Market, By Types |
6.1 Grenada Oil Storage Market, By Storage Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Oil Storage Market Revenues & Volume, By Storage Type, 2021- 2031F |
6.1.3 Grenada Oil Storage Market Revenues & Volume, By Open-top Tank, 2021- 2031F |
6.1.4 Grenada Oil Storage Market Revenues & Volume, By Floating Roof Tank, 2021- 2031F |
6.1.5 Grenada Oil Storage Market Revenues & Volume, By Fixed Roof Tank, 2021- 2031F |
6.1.6 Grenada Oil Storage Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Grenada Oil Storage Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Oil Storage Market Revenues & Volume, By Crude Oil, 2021- 2031F |
6.2.3 Grenada Oil Storage Market Revenues & Volume, By Gasoline, 2021- 2031F |
6.2.4 Grenada Oil Storage Market Revenues & Volume, By Aviation Fuel, 2021- 2031F |
6.2.5 Grenada Oil Storage Market Revenues & Volume, By Middle Distillates, 2021- 2031F |
7 Grenada Oil Storage Market Import-Export Trade Statistics |
7.1 Grenada Oil Storage Market Export to Major Countries |
7.2 Grenada Oil Storage Market Imports from Major Countries |
8 Grenada Oil Storage Market Key Performance Indicators |
8.1 Average utilization rate of oil storage facilities in Grenada |
8.2 Percentage of capacity expansion projects completed on schedule |
8.3 Compliance rate with environmental regulations for oil storage facilities |
8.4 Average age of oil storage infrastructure in Grenada |
8.5 Number of new entrants in the Grenada oil storage market |
9 Grenada Oil Storage Market - Opportunity Assessment |
9.1 Grenada Oil Storage Market Opportunity Assessment, By Storage Type, 2021 & 2031F |
9.2 Grenada Oil Storage Market Opportunity Assessment, By Product Type, 2021 & 2031F |
10 Grenada Oil Storage Market - Competitive Landscape |
10.1 Grenada Oil Storage Market Revenue Share, By Companies, 2024 |
10.2 Grenada Oil Storage 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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