| Product Code: ETC4713293 | 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 |
In 2024, Grenada saw a decline in clove oil import shipments with a negative CAGR of -4.78% from 2020 to 2024. The top exporting countries to Grenada were Guyana, USA, Trinidad and Tobago, Puerto Rico, and other areas, showing a high concentration with a high Herfindahl-Hirschman Index (HHI). However, the growth rate from 2023 to 2024 plummeted by -37.96%, indicating a significant decrease in import volumes. This trend suggests a challenging market environment for clove oil imports in Grenada, emphasizing the need for strategic adjustments and market diversification.
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 Clove oil Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Clove oil Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Clove oil Market - Industry Life Cycle |
3.4 Grenada Clove oil Market - Porter's Five Forces |
3.5 Grenada Clove oil Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada Clove oil Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Grenada Clove oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Clove oil Market Trends |
6 Grenada Clove oil Market Segmentations |
6.1 Grenada Clove oil Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Clove oil Market Revenues & Volume, By Bud oil, 2021-2031F |
6.1.3 Grenada Clove oil Market Revenues & Volume, By Leaf oil, 2021-2031F |
6.1.4 Grenada Clove oil Market Revenues & Volume, By Stem oil, 2021-2031F |
6.2 Grenada Clove oil Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Clove oil Market Revenues & Volume, By Food Industry, 2021-2031F |
6.2.3 Grenada Clove oil Market Revenues & Volume, By Pharmaceutical Industry, 2021-2031F |
6.2.4 Grenada Clove oil Market Revenues & Volume, By Personal Care, 2021-2031F |
6.2.5 Grenada Clove oil Market Revenues & Volume, By Spice industry, 2021-2031F |
7 Grenada Clove oil Market Import-Export Trade Statistics |
7.1 Grenada Clove oil Market Export to Major Countries |
7.2 Grenada Clove oil Market Imports from Major Countries |
8 Grenada Clove oil Market Key Performance Indicators |
9 Grenada Clove oil Market - Opportunity Assessment |
9.1 Grenada Clove oil Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada Clove oil Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Grenada Clove oil Market - Competitive Landscape |
10.1 Grenada Clove oil Market Revenue Share, By Companies, 2024 |
10.2 Grenada Clove 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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