| Product Code: ETC5312990 | 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 import of refined petroleum products in 2024 continued to show a high level of concentration, with the top countries of origin being Cayman Islands, Trinidad and Tobago, USA, Turks and Caicos Islands, and Netherlands. The industry experienced significant growth with a Compound Annual Growth Rate (CAGR) of 25.59% from 2020 to 2024. The growth momentum remained strong in 2024, with a growth rate of 16.27% compared to the previous year. This data suggests a thriving market for refined petroleum products in Grenada, driven by key importing countries.
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 Refined Petroleum Products Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Refined Petroleum Products Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Refined Petroleum Products Market - Industry Life Cycle |
3.4 Grenada Refined Petroleum Products Market - Porter's Five Forces |
3.5 Grenada Refined Petroleum Products Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada Refined Petroleum Products Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada Refined Petroleum Products Market Revenues & Volume Share, By Fraction, 2021 & 2031F |
4 Grenada Refined Petroleum Products Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy in Grenada |
4.2.2 Growing investments in infrastructure development |
4.2.3 Government initiatives to promote clean energy sources |
4.3 Market Restraints |
4.3.1 Fluctuating global oil prices |
4.3.2 Regulatory challenges in the petroleum industry |
4.3.3 Competition from alternative energy sources |
5 Grenada Refined Petroleum Products Market Trends |
6 Grenada Refined Petroleum Products Market Segmentations |
6.1 Grenada Refined Petroleum Products Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Refined Petroleum Products Market Revenues & Volume, By Diesel, 2021-2031F |
6.1.3 Grenada Refined Petroleum Products Market Revenues & Volume, By Gasoline, 2021-2031F |
6.1.4 Grenada Refined Petroleum Products Market Revenues & Volume, By Fuel Oils, 2021-2031F |
6.1.5 Grenada Refined Petroleum Products Market Revenues & Volume, By Kerosene, 2021-2031F |
6.1.6 Grenada Refined Petroleum Products Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Refined Petroleum Products Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Refined Petroleum Products Market Revenues & Volume, By Fuel, 2021-2031F |
6.2.3 Grenada Refined Petroleum Products Market Revenues & Volume, By Chemical, 2021-2031F |
6.2.4 Grenada Refined Petroleum Products Market Revenues & Volume, By Others, 2021-2031F |
6.3 Grenada Refined Petroleum Products Market, By Fraction |
6.3.1 Overview and Analysis |
6.3.2 Grenada Refined Petroleum Products Market Revenues & Volume, By Light Distillates, 2021-2031F |
6.3.3 Grenada Refined Petroleum Products Market Revenues & Volume, By Middle Distillates, 2021-2031F |
6.3.4 Grenada Refined Petroleum Products Market Revenues & Volume, By Heavy Oils, 2021-2031F |
7 Grenada Refined Petroleum Products Market Import-Export Trade Statistics |
7.1 Grenada Refined Petroleum Products Market Export to Major Countries |
7.2 Grenada Refined Petroleum Products Market Imports from Major Countries |
8 Grenada Refined Petroleum Products Market Key Performance Indicators |
8.1 Average selling price of refined petroleum products in Grenada |
8.2 Number of new infrastructure projects using petroleum products |
8.3 Percentage of government subsidies allocated to the petroleum industry |
9 Grenada Refined Petroleum Products Market - Opportunity Assessment |
9.1 Grenada Refined Petroleum Products Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada Refined Petroleum Products Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada Refined Petroleum Products Market Opportunity Assessment, By Fraction, 2021 & 2031F |
10 Grenada Refined Petroleum Products Market - Competitive Landscape |
10.1 Grenada Refined Petroleum Products Market Revenue Share, By Companies, 2024 |
10.2 Grenada Refined Petroleum Products 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.
To discover high-growth global markets and optimize your business strategy:
Click Here