| Product Code: ETC5372175 | 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 |
Grenada`s petroleum refining product import shipments in 2024 continued to be dominated by key exporting countries such as Cayman Islands, Trinidad and Tobago, USA, Turks and Caicos Islands, and Netherlands. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market structure. With a notable compound annual growth rate (CAGR) of 25.59% from 2020 to 2024, and a growth rate of 16.27% from 2023 to 2024, the sector shows robust expansion potential and strong demand for petroleum products in Grenada.
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 Petroleum Refining Product Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Petroleum Refining Product Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Petroleum Refining Product Market - Industry Life Cycle |
3.4 Grenada Petroleum Refining Product Market - Porter's Five Forces |
3.5 Grenada Petroleum Refining Product Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Petroleum Refining Product Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Grenada Petroleum Refining Product Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing global demand for petroleum products |
4.2.2 Technological advancements in refining processes |
4.2.3 Government initiatives supporting the petroleum refining industry |
4.3 Market Restraints |
4.3.1 Fluctuating crude oil prices |
4.3.2 Environmental regulations impacting refining operations |
4.3.3 Competition from alternative energy sources |
5 Grenada Petroleum Refining Product Market Trends |
6 Grenada Petroleum Refining Product Market Segmentations |
6.1 Grenada Petroleum Refining Product Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Petroleum Refining Product Market Revenues & Volume, By Ethane & LPG, 2021-2031F |
6.1.3 Grenada Petroleum Refining Product Market Revenues & Volume, By Gasoline, 2021-2031F |
6.1.4 Grenada Petroleum Refining Product Market Revenues & Volume, By Diesel/Gasoil, 2021-2031F |
6.1.5 Grenada Petroleum Refining Product Market Revenues & Volume, By Jet/Kerosene, 2021-2031F |
6.1.6 Grenada Petroleum Refining Product Market Revenues & Volume, By Naphtha, 2021-2031F |
6.1.7 Grenada Petroleum Refining Product Market Revenues & Volume, By Fuel Oil, 2021-2031F |
6.2 Grenada Petroleum Refining Product Market, By End-users |
6.2.1 Overview and Analysis |
6.2.2 Grenada Petroleum Refining Product Market Revenues & Volume, By Transportation, 2021-2031F |
6.2.3 Grenada Petroleum Refining Product Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Petroleum Refining Product Market Import-Export Trade Statistics |
7.1 Grenada Petroleum Refining Product Market Export to Major Countries |
7.2 Grenada Petroleum Refining Product Market Imports from Major Countries |
8 Grenada Petroleum Refining Product Market Key Performance Indicators |
8.1 Refinery utilization rate |
8.2 Energy efficiency improvements in refining processes |
8.3 Ratio of high-value products in the product mix |
9 Grenada Petroleum Refining Product Market - Opportunity Assessment |
9.1 Grenada Petroleum Refining Product Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Petroleum Refining Product Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 Grenada Petroleum Refining Product Market - Competitive Landscape |
10.1 Grenada Petroleum Refining Product Market Revenue Share, By Companies, 2024 |
10.2 Grenada Petroleum Refining Product 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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