| Product Code: ETC5374702 | 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 rely on structural steel imports from top exporting countries such as the Dominican Republic, Trinidad and Tobago, Turkey, Dominica, and China. Despite a high Herfindahl-Hirschman Index indicating market concentration, the industry experienced a healthy compound annual growth rate of 8.98% from 2020 to 2024. However, there was a slight decline in growth rate from 2023 to 2024 at -9.46%, highlighting potential challenges or shifts in the market dynamics that importers and stakeholders should monitor closely.
By 2027, the Structural Steel market in Grenada is anticipated to reach a growth rate of 1.52%, 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 Structural Steel Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Structural Steel Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Structural Steel Market - Industry Life Cycle |
3.4 Grenada Structural Steel Market - Porter's Five Forces |
3.5 Grenada Structural Steel Market Revenues & Volume Share, By Product Types, 2021 & 2031F |
3.6 Grenada Structural Steel Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Grenada Structural Steel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing construction industry in Grenada |
4.2.2 Increasing infrastructure development projects |
4.2.3 Rising demand for high-quality and durable building materials |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Limited availability of skilled labor in the construction sector |
4.3.3 Stringent regulations and compliance requirements |
5 Grenada Structural Steel Market Trends |
6 Grenada Structural Steel Market Segmentations |
6.1 Grenada Structural Steel Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2 Grenada Structural Steel Market Revenues & Volume, By Heavy Sectional Steel, 2021-2031F |
6.1.3 Grenada Structural Steel Market Revenues & Volume, By Light Sectional Steel, 2021-2031F |
6.1.4 Grenada Structural Steel Market Revenues & Volume, By Rebar, 2021-2031F |
6.2 Grenada Structural Steel Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Grenada Structural Steel Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Grenada Structural Steel Market Revenues & Volume, By Non-residential, 2021-2031F |
7 Grenada Structural Steel Market Import-Export Trade Statistics |
7.1 Grenada Structural Steel Market Export to Major Countries |
7.2 Grenada Structural Steel Market Imports from Major Countries |
8 Grenada Structural Steel Market Key Performance Indicators |
8.1 Number of construction permits issued in Grenada |
8.2 Percentage of infrastructure projects using structural steel |
8.3 Average project timeline for construction projects using structural steel |
9 Grenada Structural Steel Market - Opportunity Assessment |
9.1 Grenada Structural Steel Market Opportunity Assessment, By Product Types, 2021 & 2031F |
9.2 Grenada Structural Steel Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Grenada Structural Steel Market - Competitive Landscape |
10.1 Grenada Structural Steel Market Revenue Share, By Companies, 2024 |
10.2 Grenada Structural Steel 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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