| Product Code: ETC5332408 | 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 |
Grenada`s welding electrodes import market in 2024 continued to see a high concentration of shipments from top exporters including the UK, USA, Trinidad and Tobago, Canada, and Anguilla. Despite a negative compound annual growth rate (CAGR) of -3.82% from 2020 to 2024, the market experienced a significant decline in growth from 2023 to 2024 with a rate of -77.07%. The high Herfindahl-Hirschman Index (HHI) indicates a consolidated market structure, suggesting potential challenges and opportunities for market players in the welding electrodes sector in Grenada.
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 Welding Electrodes Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Welding Electrodes Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Welding Electrodes Market - Industry Life Cycle |
3.4 Grenada Welding Electrodes Market - Porter's Five Forces |
3.5 Grenada Welding Electrodes Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Welding Electrodes Market Revenues & Volume Share, By Industry, 2021 & 2031F |
4 Grenada Welding Electrodes Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for welding electrodes in construction and infrastructure projects |
4.2.2 Growth in the automotive and manufacturing industries leading to higher demand for welding activities |
4.2.3 Technological advancements in welding electrode materials and manufacturing processes |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in welding electrodes production |
4.3.2 Stringent regulations and environmental concerns related to welding electrode manufacturing processes |
4.3.3 Competition from substitute products such as welding wires and fluxes |
5 Grenada Welding Electrodes Market Trends |
6 Grenada Welding Electrodes Market Segmentations |
6.1 Grenada Welding Electrodes Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Welding Electrodes Market Revenues & Volume, By Stick Electrodes, 2021-2031F |
6.1.3 Grenada Welding Electrodes Market Revenues & Volume, By Coiled Wires, 2021-2031F |
6.2 Grenada Welding Electrodes Market, By Industry |
6.2.1 Overview and Analysis |
6.2.2 Grenada Welding Electrodes Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Grenada Welding Electrodes Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.2.4 Grenada Welding Electrodes Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.2.5 Grenada Welding Electrodes Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Welding Electrodes Market Import-Export Trade Statistics |
7.1 Grenada Welding Electrodes Market Export to Major Countries |
7.2 Grenada Welding Electrodes Market Imports from Major Countries |
8 Grenada Welding Electrodes Market Key Performance Indicators |
8.1 Percentage of repeat customers indicating customer loyalty and satisfaction |
8.2 Average order size or value showing increased demand for welding electrodes |
8.3 Rate of new product development and innovation in welding electrodes segment |
9 Grenada Welding Electrodes Market - Opportunity Assessment |
9.1 Grenada Welding Electrodes Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Welding Electrodes Market Opportunity Assessment, By Industry, 2021 & 2031F |
10 Grenada Welding Electrodes Market - Competitive Landscape |
10.1 Grenada Welding Electrodes Market Revenue Share, By Companies, 2024 |
10.2 Grenada Welding Electrodes 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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