| Product Code: ETC7376912 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Grenada saw a significant increase in outdoor candle import shipments, with top exporting countries being Trinidad and Tobago, USA, UK, China, and Netherlands. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive Compound Annual Growth Rate (CAGR) of 12.84% from 2020 to 2024 demonstrates sustained growth. Moreover, the growth rate of 20.36% from 2023 to 2024 signals a strong upward trend in Grenada`s outdoor candle imports, highlighting a promising market for international suppliers.
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 Outdoor Candle Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Outdoor Candle Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Outdoor Candle Market - Industry Life Cycle |
3.4 Grenada Outdoor Candle Market - Porter's Five Forces |
3.5 Grenada Outdoor Candle Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Outdoor Candle Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Grenada Outdoor Candle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing trend towards outdoor living and entertaining |
4.2.2 Increasing focus on creating ambiance and lighting in outdoor spaces |
4.2.3 Rising demand for eco-friendly and sustainable outdoor products |
4.3 Market Restraints |
4.3.1 Seasonal demand fluctuations due to weather conditions |
4.3.2 Competition from alternative outdoor lighting solutions |
4.3.3 Challenges in distribution and supply chain management |
5 Grenada Outdoor Candle Market Trends |
6 Grenada Outdoor Candle Market, By Types |
6.1 Grenada Outdoor Candle Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Outdoor Candle Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Grenada Outdoor Candle Market Revenues & Volume, By Paraffin Wax, 2021- 2031F |
6.1.4 Grenada Outdoor Candle Market Revenues & Volume, By Soy Wax, 2021- 2031F |
6.1.5 Grenada Outdoor Candle Market Revenues & Volume, By Bees Wax, 2021- 2031F |
6.1.6 Grenada Outdoor Candle Market Revenues & Volume, By Palm Wax, 2021- 2031F |
6.1.7 Grenada Outdoor Candle Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Grenada Outdoor Candle Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Grenada Outdoor Candle Market Revenues & Volume, By Online, 2021- 2031F |
6.2.3 Grenada Outdoor Candle Market Revenues & Volume, By Offline, 2021- 2031F |
7 Grenada Outdoor Candle Market Import-Export Trade Statistics |
7.1 Grenada Outdoor Candle Market Export to Major Countries |
7.2 Grenada Outdoor Candle Market Imports from Major Countries |
8 Grenada Outdoor Candle Market Key Performance Indicators |
8.1 Percentage increase in the number of outdoor events and gatherings in Grenada |
8.2 Growth in the number of eco-friendly certifications obtained by outdoor candle manufacturers in Grenada |
8.3 Expansion of distribution channels for outdoor candles in Grenada |
9 Grenada Outdoor Candle Market - Opportunity Assessment |
9.1 Grenada Outdoor Candle Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Outdoor Candle Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Grenada Outdoor Candle Market - Competitive Landscape |
10.1 Grenada Outdoor Candle Market Revenue Share, By Companies, 2024 |
10.2 Grenada Outdoor Candle 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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