Commodities - Albania

Albania

The nominal value in the Commodities market is projected to reach US$11,270.00m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 5.34% resulting in a projected total amount of US$14,620.00m by 2029.
The average price per contract in the Commodities market amounts to US$0.02 in 2024.
From a global comparison perspective it is shown that the highest nominal value is reached in the United States (US$53,690.00bn in 2024).
In the Commodities market, the number of contracts is expected to amount to 557.40k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Commodities market in Albania has been experiencing a notable shift in recent years.

Customer preferences: Albanian investors have shown an increasing interest in Commodities as a financial instrument, seeking diversification and hedging opportunities in their investment portfolios.

Trends in the market: The trend in the Albanian Commodities market is influenced by global economic conditions and geopolitical events, leading to fluctuations in commodity prices. Investors in Albania are closely monitoring these trends to make informed trading decisions.

Local special circumstances: Albania's developing financial market infrastructure and regulatory environment have played a crucial role in shaping the Commodities market. The increasing accessibility of trading platforms and investment products has attracted more retail investors to participate in Commodities trading.

Underlying macroeconomic factors: The growth of the Albanian economy, coupled with rising disposable incomes, has contributed to the expansion of the Commodities market. Moreover, the government's efforts to promote capital market development have created a conducive environment for investors to engage in Commodities trading.

Methodology

Data coverage:

Figures are based on commodity derivatives, their notional value, the number of contracts traded, the open interest (outstanding contracts at the end of a year), and the average value of a contract.

Modeling approach / Market size:

Market sizes are determined by a Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use market research & analysis, and data of World Bank, as well as the World Federation of Exchanges. Furthermore, we use relevant key market indicators and data from country-specific associations and national data bureaus such as GDP, wealth per capita, and the online banking penetration rate. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. In this market, we use the HOLT-damped Trend method to forecast future development. The main drivers are GDP per capita an the online banking penetration rate.

Additional Notes:

The market is updated twice per year in case market dynamics change.