| Product Code: ETC5148602 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada`s siding import shipments continued to demonstrate a high level of market concentration, with Trinidad and Tobago, USA, China, UK, and Brazil emerging as the top exporting countries. Despite a modest compound annual growth rate of 0.21% from 2020 to 2024, there was a notable decline in growth rate from 2023 to 2024 at -36.66%. This highlights a potential shift in market dynamics or external factors impacting the import landscape for siding products in Grenada. Monitoring these trends closely will be crucial for stakeholders in the industry to adapt and strategize effectively.
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 Siding Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Siding Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Siding Market - Industry Life Cycle |
3.4 Grenada Siding Market - Porter's Five Forces |
3.5 Grenada Siding Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.6 Grenada Siding Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 Grenada Siding Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for durable and low-maintenance siding solutions in the construction industry |
4.2.2 Growing trend towards eco-friendly and sustainable building materials |
4.2.3 Rising investments in residential and commercial construction projects |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Intense competition from alternative siding materials |
4.3.3 Regulatory challenges related to environmental standards and building codes |
5 Grenada Siding Market Trends |
6 Grenada Siding Market Segmentations |
6.1 Grenada Siding Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 Grenada Siding Market Revenues & Volume, By Vinyl, 2021-2031F |
6.1.3 Grenada Siding Market Revenues & Volume, By Fiber Cement, 2021-2031F |
6.1.4 Grenada Siding Market Revenues & Volume, By Wood, 2021-2031F |
6.1.5 Grenada Siding Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Siding Market, By End-use Industry |
6.2.1 Overview and Analysis |
6.2.2 Grenada Siding Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Grenada Siding Market Revenues & Volume, By Non-residential, 2021-2031F |
7 Grenada Siding Market Import-Export Trade Statistics |
7.1 Grenada Siding Market Export to Major Countries |
7.2 Grenada Siding Market Imports from Major Countries |
8 Grenada Siding Market Key Performance Indicators |
8.1 Number of new construction permits issued in the region |
8.2 Adoption rate of eco-friendly siding materials in the market |
8.3 Average project size of construction projects using Grenada siding |
8.4 Customer satisfaction scores for Grenada siding products |
8.5 Percentage of repeat customers or referrals in the market |
9 Grenada Siding Market - Opportunity Assessment |
9.1 Grenada Siding Market Opportunity Assessment, By Material, 2021 & 2031F |
9.2 Grenada Siding Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 Grenada Siding Market - Competitive Landscape |
10.1 Grenada Siding Market Revenue Share, By Companies, 2024 |
10.2 Grenada Siding 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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