| Product Code: ETC7366368 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Grenada`s castor oil & derivatives import market in 2024 shows a strong presence of top exporting countries including the USA, UK, Trinidad and Tobago, Canada, and Italy. Despite a high Herfindahl-Hirschman Index indicating market concentration, the industry experienced a significant decline with a compound annual growth rate of -19.94% from 2020-24. The growth rate in 2024 also plummeted by -66.6% compared to the previous year, reflecting challenges within the sector. Continuous monitoring and strategic interventions may be crucial for stakeholders to navigate these turbulent market conditions.
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 Castor Oil & Derivatives Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Castor Oil & Derivatives Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Castor Oil & Derivatives Market - Industry Life Cycle |
3.4 Grenada Castor Oil & Derivatives Market - Porter's Five Forces |
3.5 Grenada Castor Oil & Derivatives Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada Castor Oil & Derivatives Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Castor Oil & Derivatives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for natural and organic products in the beauty and pharmaceutical industries |
4.2.2 Growing awareness about the benefits of castor oil and its derivatives for hair and skin care |
4.2.3 Rising popularity of sustainable and eco-friendly products in the global market |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices affecting production costs |
4.3.2 Limited availability of high-quality castor seeds for oil extraction |
4.3.3 Stringent regulations and certifications required for organic and natural products |
5 Grenada Castor Oil & Derivatives Market Trends |
6 Grenada Castor Oil & Derivatives Market, By Types |
6.1 Grenada Castor Oil & Derivatives Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Castor Oil & Derivatives Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Grenada Castor Oil & Derivatives Market Revenues & Volume, By Sebacic Acid, 2021- 2031F |
6.1.4 Grenada Castor Oil & Derivatives Market Revenues & Volume, By 12-HSA, 2021- 2031F |
6.1.5 Grenada Castor Oil & Derivatives Market Revenues & Volume, By Ricinoleic Acid, 2021- 2031F |
6.1.6 Grenada Castor Oil & Derivatives Market Revenues & Volume, By Hydrogenated Castor Oil (Castor Wax), 2021- 2031F |
6.1.7 Grenada Castor Oil & Derivatives Market Revenues & Volume, By Undecylenic Acid, 2021- 2031F |
6.1.8 Grenada Castor Oil & Derivatives Market Revenues & Volume, By Dehydrated Castor Oil, 2021- 2031F |
6.2 Grenada Castor Oil & Derivatives Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Castor Oil & Derivatives Market Revenues & Volume, By Lubricants, 2021- 2031F |
6.2.3 Grenada Castor Oil & Derivatives Market Revenues & Volume, By Surface Coatings, 2021- 2031F |
6.2.4 Grenada Castor Oil & Derivatives Market Revenues & Volume, By Biodiesel, 2021- 2031F |
6.2.5 Grenada Castor Oil & Derivatives Market Revenues & Volume, By Cosmetics and Pharmaceuticals, 2021- 2031F |
6.2.6 Grenada Castor Oil & Derivatives Market Revenues & Volume, By Plastics and Resins, 2021- 2031F |
6.2.7 Grenada Castor Oil & Derivatives Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada Castor Oil & Derivatives Market Import-Export Trade Statistics |
7.1 Grenada Castor Oil & Derivatives Market Export to Major Countries |
7.2 Grenada Castor Oil & Derivatives Market Imports from Major Countries |
8 Grenada Castor Oil & Derivatives Market Key Performance Indicators |
8.1 Average selling price of grenada castor oil and derivatives |
8.2 Number of new product launches featuring grenada castor oil and derivatives |
8.3 Percentage increase in demand from key end-use industries |
9 Grenada Castor Oil & Derivatives Market - Opportunity Assessment |
9.1 Grenada Castor Oil & Derivatives Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada Castor Oil & Derivatives Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Castor Oil & Derivatives Market - Competitive Landscape |
10.1 Grenada Castor Oil & Derivatives Market Revenue Share, By Companies, 2024 |
10.2 Grenada Castor Oil & Derivatives 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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