| Product Code: ETC5215634 | 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 |
Despite the high Herfindahl-Hirschman Index (HHI) indicating market concentration, Grenada`s soil testing equipment import shipments in 2024 were led by top exporting countries such as the USA, Trinidad and Tobago, China, Hong Kong, and India. However, the industry experienced a decline with a CAGR of -2.55% from 2020 to 2024, and a notable growth rate decrease of -7.88% in 2024 compared to the previous year. This data suggests a challenging landscape for soil testing equipment imports in Grenada, highlighting the need for strategic adjustments and market analysis for industry players.
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 Soil Testing Equipment Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Soil Testing Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Soil Testing Equipment Market - Industry Life Cycle |
3.4 Grenada Soil Testing Equipment Market - Porter's Five Forces |
3.5 Grenada Soil Testing Equipment Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
3.6 Grenada Soil Testing Equipment Market Revenues & Volume Share, By On Type, 2021 & 2031F |
3.7 Grenada Soil Testing Equipment Market Revenues & Volume Share, By Site, 2021 & 2031F |
3.8 Grenada Soil Testing Equipment Market Revenues & Volume Share, By Automation, 2021 & 2031F |
4 Grenada Soil Testing Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the importance of soil testing for agricultural productivity in Grenada |
4.2.2 Government initiatives promoting sustainable agriculture practices |
4.2.3 Growing adoption of precision agriculture techniques in the region |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with soil testing equipment |
4.3.2 Limited availability of skilled professionals to interpret soil test results accurately |
5 Grenada Soil Testing Equipment Market Trends |
6 Grenada Soil Testing Equipment Market Segmentations |
6.1 Grenada Soil Testing Equipment Market, By End-user Industry |
6.1.1 Overview and Analysis |
6.1.2 Grenada Soil Testing Equipment Market Revenues & Volume, By Agriculture, 2021-2031F |
6.1.3 Grenada Soil Testing Equipment Market Revenues & Volume, By Construction, 2021-2031F |
6.1.4 Grenada Soil Testing Equipment Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Soil Testing Equipment Market, By On Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Soil Testing Equipment Market Revenues & Volume, By Physical, 2021-2031F |
6.2.3 Grenada Soil Testing Equipment Market Revenues & Volume, By Residual, 2021-2031F |
6.2.4 Grenada Soil Testing Equipment Market Revenues & Volume, By Chemical, 2021-2031F |
6.3 Grenada Soil Testing Equipment Market, By Site |
6.3.1 Overview and Analysis |
6.3.2 Grenada Soil Testing Equipment Market Revenues & Volume, By Laboratory, 2021-2031F |
6.3.3 Grenada Soil Testing Equipment Market Revenues & Volume, By On-site, 2021-2031F |
6.4 Grenada Soil Testing Equipment Market, By Automation |
6.4.1 Overview and Analysis |
6.4.2 Grenada Soil Testing Equipment Market Revenues & Volume, By Manual, 2021-2031F |
6.4.3 Grenada Soil Testing Equipment Market Revenues & Volume, By Semi-automatic, 2021-2031F |
6.4.4 Grenada Soil Testing Equipment Market Revenues & Volume, By Automatic, 2021-2031F |
7 Grenada Soil Testing Equipment Market Import-Export Trade Statistics |
7.1 Grenada Soil Testing Equipment Market Export to Major Countries |
7.2 Grenada Soil Testing Equipment Market Imports from Major Countries |
8 Grenada Soil Testing Equipment Market Key Performance Indicators |
8.1 Adoption rate of precision agriculture practices in Grenada |
8.2 Number of government-funded soil testing programs in the region |
8.3 Percentage increase in agricultural productivity attributed to soil testing in Grenada |
9 Grenada Soil Testing Equipment Market - Opportunity Assessment |
9.1 Grenada Soil Testing Equipment Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
9.2 Grenada Soil Testing Equipment Market Opportunity Assessment, By On Type, 2021 & 2031F |
9.3 Grenada Soil Testing Equipment Market Opportunity Assessment, By Site, 2021 & 2031F |
9.4 Grenada Soil Testing Equipment Market Opportunity Assessment, By Automation, 2021 & 2031F |
10 Grenada Soil Testing Equipment Market - Competitive Landscape |
10.1 Grenada Soil Testing Equipment Market Revenue Share, By Companies, 2024 |
10.2 Grenada Soil Testing 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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