| Product Code: ETC7381000 | 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 |
Grenada`s smartphone import market in 2024 continued to be dominated by top exporters such as the USA, Trinidad and Tobago, UAE, Barbados, and China. Despite a high Herfindahl-Hirschman Index indicating market concentration, the industry experienced a negative compound annual growth rate of -2.19% from 2020 to 2024. Furthermore, the growth rate declined by -9.86% from 2023 to 2024, highlighting potential challenges faced by the market players. Strategic adjustments may be necessary for stakeholders to navigate the evolving landscape and capture new opportunities in the smartphone import sector.
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 Smartphones Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Smartphones Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Smartphones Market - Industry Life Cycle |
3.4 Grenada Smartphones Market - Porter's Five Forces |
3.5 Grenada Smartphones Market Revenues & Volume Share, By Operating System, 2021 & 2031F |
4 Grenada Smartphones Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for smartphones among the population in Grenada. |
4.2.2 Growing adoption of digital technologies and mobile applications in the region. |
4.2.3 Rising disposable income levels leading to higher spending on consumer electronics. |
4.3 Market Restraints |
4.3.1 Limited availability of affordable smartphones tailored to the local market needs. |
4.3.2 Relatively high import duties and taxes on electronic devices in Grenada. |
5 Grenada Smartphones Market Trends |
6 Grenada Smartphones Market, By Types |
6.1 Grenada Smartphones Market, By Operating System |
6.1.1 Overview and Analysis |
6.1.2 Grenada Smartphones Market Revenues & Volume, By Operating System, 2021- 2031F |
6.1.3 Grenada Smartphones Market Revenues & Volume, By Android, 2021- 2031F |
6.1.4 Grenada Smartphones Market Revenues & Volume, By iOS, 2021- 2031F |
6.1.5 Grenada Smartphones Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada Smartphones Market Import-Export Trade Statistics |
7.1 Grenada Smartphones Market Export to Major Countries |
7.2 Grenada Smartphones Market Imports from Major Countries |
8 Grenada Smartphones Market Key Performance Indicators |
8.1 Average revenue per user (ARPU) for smartphones in Grenada. |
8.2 Smartphone penetration rate in the country. |
8.3 Rate of smartphone replacements or upgrades among users in Grenada. |
9 Grenada Smartphones Market - Opportunity Assessment |
9.1 Grenada Smartphones Market Opportunity Assessment, By Operating System, 2021 & 2031F |
10 Grenada Smartphones Market - Competitive Landscape |
10.1 Grenada Smartphones Market Revenue Share, By Companies, 2024 |
10.2 Grenada Smartphones 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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