| Product Code: ETC5321901 | 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 a significant influx of steel wire import shipments, with Trinidad and Tobago, Netherlands, Canada, China, and the USA emerging as the top exporting countries. The high Herfindahl-Hirschman Index (HHI) indicates a concentration in the market, suggesting limited competition. The compound annual growth rate (CAGR) from 2020 to 2024 stood at an impressive 12.62%, showcasing a robust market expansion. Moreover, the growth rate from 2023 to 2024 surged to 28.97%, indicating accelerating momentum in steel wire imports for Grenada.
By 2027, the Steel Wire market in Grenada is anticipated to reach a growth rate of 1.55%, as part of an increasingly competitive North America region, where United States of America remains at the forefront, supported by Canada, Trinidad and Tobago, Jamaica and Bahamas, driving innovations and market adoption across sectors.

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 Steel Wire Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Steel Wire Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Steel Wire Market - Industry Life Cycle |
3.4 Grenada Steel Wire Market - Porter's Five Forces |
3.5 Grenada Steel Wire Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Grenada Steel Wire Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Grenada Steel Wire Market Revenues & Volume Share, By Thickness, 2021 & 2031F |
3.8 Grenada Steel Wire Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 Grenada Steel Wire Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for steel wire in construction and infrastructure projects in Grenada |
4.2.2 Growing adoption of steel wire in the manufacturing sector for various applications |
4.2.3 Government initiatives to boost the steel industry in Grenada |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting the cost of production |
4.3.2 Competition from alternative materials such as aluminum and composite materials |
5 Grenada Steel Wire Market Trends |
6 Grenada Steel Wire Market Segmentations |
6.1 Grenada Steel Wire Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Grenada Steel Wire Market Revenues & Volume, By Non-rope, 2021-2031F |
6.1.3 Grenada Steel Wire Market Revenues & Volume, By Rope, 2021-2031F |
6.2 Grenada Steel Wire Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Grenada Steel Wire Market Revenues & Volume, By Carbon Steel, 2021-2031F |
6.2.3 Grenada Steel Wire Market Revenues & Volume, By Alloy Steel, 2021-2031F |
6.2.4 Grenada Steel Wire Market Revenues & Volume, By Stainless Steel, 2021-2031F |
6.3 Grenada Steel Wire Market, By Thickness |
6.3.1 Overview and Analysis |
6.3.2 Grenada Steel Wire Market Revenues & Volume, By 0.01 mm to 0.8 mm, 2021-2031F |
6.3.3 Grenada Steel Wire Market Revenues & Volume, By 0.8 mm to 1.6 mm, 2021-2031F |
6.3.4 Grenada Steel Wire Market Revenues & Volume, By 1.6 mm to 4 mm, 2021-2031F |
6.3.5 Grenada Steel Wire Market Revenues & Volume, By 4 mm & above, 2021-2031F |
6.4 Grenada Steel Wire Market, By End-use Industry |
6.4.1 Overview and Analysis |
6.4.2 Grenada Steel Wire Market Revenues & Volume, By Construction, 2021-2031F |
6.4.3 Grenada Steel Wire Market Revenues & Volume, By Automotive, 2021-2031F |
6.4.4 Grenada Steel Wire Market Revenues & Volume, By Energy, 2021-2031F |
6.4.5 Grenada Steel Wire Market Revenues & Volume, By Agriculture, 2021-2031F |
6.4.6 Grenada Steel Wire Market Revenues & Volume, By Industrial, 2021-2031F |
6.4.7 Grenada Steel Wire Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Steel Wire Market Import-Export Trade Statistics |
7.1 Grenada Steel Wire Market Export to Major Countries |
7.2 Grenada Steel Wire Market Imports from Major Countries |
8 Grenada Steel Wire Market Key Performance Indicators |
8.1 Average selling price of steel wire in Grenada |
8.2 Number of construction permits issued in Grenada |
8.3 Percentage of GDP allocated to infrastructure development in Grenada |
9 Grenada Steel Wire Market - Opportunity Assessment |
9.1 Grenada Steel Wire Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Grenada Steel Wire Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Grenada Steel Wire Market Opportunity Assessment, By Thickness, 2021 & 2031F |
9.4 Grenada Steel Wire Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 Grenada Steel Wire Market - Competitive Landscape |
10.1 Grenada Steel Wire Market Revenue Share, By Companies, 2024 |
10.2 Grenada Steel Wire Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |