| Product Code: ETC4744282 | 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 |
Grenada`s import shipments of bay leaf oil in 2024 were primarily sourced from top exporting countries including the USA, China, Trinidad and Tobago, and the UK. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced a significant decline with a Compound Annual Growth Rate (CAGR) of -14.69% from 2020 to 2024. The growth rate in 2024 further plummeted by -59.62%, signaling a challenging year for bay leaf oil imports in Grenada. Monitoring market dynamics and exploring strategies for revitalization will be crucial for stakeholders in the industry.
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 Bay Leaf Oil Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Bay Leaf Oil Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Bay Leaf Oil Market - Industry Life Cycle |
3.4 Grenada Bay Leaf Oil Market - Porter's Five Forces |
3.5 Grenada Bay Leaf Oil Market Revenues & Volume Share, By Nature, 2021 & 2031F |
3.6 Grenada Bay Leaf Oil Market Revenues & Volume Share, By Process of extraction, 2021 & 2031F |
3.7 Grenada Bay Leaf Oil Market Revenues & Volume Share, By End-use, 2021 & 2031F |
3.8 Grenada Bay Leaf Oil Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Grenada Bay Leaf Oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Bay Leaf Oil Market Trends |
6 Grenada Bay Leaf Oil Market Segmentations |
6.1 Grenada Bay Leaf Oil Market, By Nature |
6.1.1 Overview and Analysis |
6.1.2 Grenada Bay Leaf Oil Market Revenues & Volume, By Organic, 2021-2031F |
6.1.3 Grenada Bay Leaf Oil Market Revenues & Volume, By Conventional, 2021-2031F |
6.2 Grenada Bay Leaf Oil Market, By Process of extraction |
6.2.1 Overview and Analysis |
6.2.2 Grenada Bay Leaf Oil Market Revenues & Volume, By Water distillation, 2021-2031F |
6.2.3 Grenada Bay Leaf Oil Market Revenues & Volume, By Steam distillation, 2021-2031F |
6.2.4 Grenada Bay Leaf Oil Market Revenues & Volume, By Solvent extraction, 2021-2031F |
6.3 Grenada Bay Leaf Oil Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Grenada Bay Leaf Oil Market Revenues & Volume, By Foodservice/HoReCa, 2021-2031F |
6.3.3 Grenada Bay Leaf Oil Market Revenues & Volume, By Aromatherapy, 2021-2031F |
6.3.4 Grenada Bay Leaf Oil Market Revenues & Volume, By Insect Repellent, 2021-2031F |
6.3.5 Grenada Bay Leaf Oil Market Revenues & Volume, By Personal Care & Cosmetics, 2021-2031F |
6.3.6 Grenada Bay Leaf Oil Market Revenues & Volume, By Household/Retail, 2021-2031F |
6.4 Grenada Bay Leaf Oil Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Grenada Bay Leaf Oil Market Revenues & Volume, By B2B/Direct, 2021-2031F |
6.4.3 Grenada Bay Leaf Oil Market Revenues & Volume, By B2C/Indirect, 2021-2031F |
6.4.4 Grenada Bay Leaf Oil Market Revenues & Volume, By Supermarkets/Hypermarkets, 2021-2031F |
6.4.5 Grenada Bay Leaf Oil Market Revenues & Volume, By Modern Grocery Stores, 2021-2031F |
6.4.6 Grenada Bay Leaf Oil Market Revenues & Volume, By Specialty Stores, 2021-2031F |
6.4.7 Grenada Bay Leaf Oil Market Revenues & Volume, By Traditional Grocery Stores, 2021-2031F |
7 Grenada Bay Leaf Oil Market Import-Export Trade Statistics |
7.1 Grenada Bay Leaf Oil Market Export to Major Countries |
7.2 Grenada Bay Leaf Oil Market Imports from Major Countries |
8 Grenada Bay Leaf Oil Market Key Performance Indicators |
9 Grenada Bay Leaf Oil Market - Opportunity Assessment |
9.1 Grenada Bay Leaf Oil Market Opportunity Assessment, By Nature, 2021 & 2031F |
9.2 Grenada Bay Leaf Oil Market Opportunity Assessment, By Process of extraction, 2021 & 2031F |
9.3 Grenada Bay Leaf Oil Market Opportunity Assessment, By End-use, 2021 & 2031F |
9.4 Grenada Bay Leaf Oil Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Grenada Bay Leaf Oil Market - Competitive Landscape |
10.1 Grenada Bay Leaf Oil Market Revenue Share, By Companies, 2024 |
10.2 Grenada Bay Leaf Oil 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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