| Product Code: ETC5805603 | 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 |
In 2024, Grenada continued to see significant imports of processed seafood and seafood processing equipment from top exporting countries including the USA, Jamaica, UK, Trinidad and Tobago, and China. Despite a high concentration level measured by the Herfindahl-Hirschman Index (HHI), the sector experienced a notable decline with a negative Compound Annual Growth Rate (CAGR) of -35.14% from 2020-2024. Additionally, the growth rate for 2023-2024 was -4.94%, indicating a challenging year for the industry. Monitoring market trends and exploring opportunities for diversification may be crucial for stakeholders in the Grenadian seafood import market.
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 Processed Seafood & Seafood Processing Equipment Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Processed Seafood & Seafood Processing Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Processed Seafood & Seafood Processing Equipment Market - Industry Life Cycle |
3.4 Grenada Processed Seafood & Seafood Processing Equipment Market - Porter's Five Forces |
3.5 Grenada Processed Seafood & Seafood Processing Equipment Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Processed Seafood & Seafood Processing Equipment Market Revenues & Volume Share, By Equipment Type, 2021 & 2031F |
3.7 Grenada Processed Seafood & Seafood Processing Equipment Market Revenues & Volume Share, By Basis of Systems, 2021 & 2031F |
4 Grenada Processed Seafood & Seafood Processing Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for processed seafood products in Grenada |
4.2.2 Growing awareness about the health benefits of seafood consumption |
4.2.3 Government initiatives to promote seafood processing industry in Grenada |
4.3 Market Restraints |
4.3.1 High operational costs associated with seafood processing equipment |
4.3.2 Limited availability of skilled labor in the seafood processing industry |
4.3.3 Challenges related to sourcing high-quality raw materials for processing |
5 Grenada Processed Seafood & Seafood Processing Equipment Market Trends |
6 Grenada Processed Seafood & Seafood Processing Equipment Market Segmentations |
6.1 Grenada Processed Seafood & Seafood Processing Equipment Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Processed Seafood & Seafood Processing Equipment Market Revenues & Volume, By Fish, 2021-2031F |
6.1.3 Grenada Processed Seafood & Seafood Processing Equipment Market Revenues & Volume, By Crustaceans, 2021-2031F |
6.1.4 Grenada Processed Seafood & Seafood Processing Equipment Market Revenues & Volume, By Mollusks, 2021-2031F |
6.2 Grenada Processed Seafood & Seafood Processing Equipment Market, By Equipment Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Processed Seafood & Seafood Processing Equipment Market Revenues & Volume, By Slaughtering, 2021-2031F |
6.2.3 Grenada Processed Seafood & Seafood Processing Equipment Market Revenues & Volume, By Gutting, 2021-2031F |
6.2.4 Grenada Processed Seafood & Seafood Processing Equipment Market Revenues & Volume, By Scaling, 2021-2031F |
6.2.5 Grenada Processed Seafood & Seafood Processing Equipment Market Revenues & Volume, By Filleting, 2021-2031F |
6.2.6 Grenada Processed Seafood & Seafood Processing Equipment Market Revenues & Volume, By Skinning, 2021-2031F |
6.2.7 Grenada Processed Seafood & Seafood Processing Equipment Market Revenues & Volume, By Smoking, 2021-2031F |
6.3 Grenada Processed Seafood & Seafood Processing Equipment Market, By Basis of Systems |
6.3.1 Overview and Analysis |
6.3.2 Grenada Processed Seafood & Seafood Processing Equipment Market Revenues & Volume, By Frozen, 2021-2031F |
6.3.3 Grenada Processed Seafood & Seafood Processing Equipment Market Revenues & Volume, By Dried, 2021-2031F |
6.3.4 Grenada Processed Seafood & Seafood Processing Equipment Market Revenues & Volume, By Smoked, 2021-2031F |
6.3.5 Grenada Processed Seafood & Seafood Processing Equipment Market Revenues & Volume, By Canned, 2021-2031F |
6.3.6 Grenada Processed Seafood & Seafood Processing Equipment Market Revenues & Volume, By Surimi, 2021-2031F |
6.3.7 Grenada Processed Seafood & Seafood Processing Equipment Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Processed Seafood & Seafood Processing Equipment Market Import-Export Trade Statistics |
7.1 Grenada Processed Seafood & Seafood Processing Equipment Market Export to Major Countries |
7.2 Grenada Processed Seafood & Seafood Processing Equipment Market Imports from Major Countries |
8 Grenada Processed Seafood & Seafood Processing Equipment Market Key Performance Indicators |
8.1 Percentage increase in seafood processing capacity in Grenada |
8.2 Rate of adoption of advanced seafood processing technologies |
8.3 Number of seafood processing facilities achieving international quality certifications |
9 Grenada Processed Seafood & Seafood Processing Equipment Market - Opportunity Assessment |
9.1 Grenada Processed Seafood & Seafood Processing Equipment Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Processed Seafood & Seafood Processing Equipment Market Opportunity Assessment, By Equipment Type, 2021 & 2031F |
9.3 Grenada Processed Seafood & Seafood Processing Equipment Market Opportunity Assessment, By Basis of Systems, 2021 & 2031F |
10 Grenada Processed Seafood & Seafood Processing Equipment Market - Competitive Landscape |
10.1 Grenada Processed Seafood & Seafood Processing Equipment Market Revenue Share, By Companies, 2024 |
10.2 Grenada Processed Seafood & Seafood Processing Equipment 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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