Commodities - Angola

Angola

The nominal value in the Commodities market is projected to reach US$146.20bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 5.88% resulting in a projected total amount of US$194.50bn by 2029.
The average price per contract in the Commodities market amounts to US$0.19 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 753.70k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Commodities market in Angola has been experiencing significant growth and diversification in recent years. Customer preferences in Angola are shifting towards more diverse investment opportunities, including Commodities.

Investors are increasingly looking for alternative ways to diversify their portfolios and hedge against market volatility, driving the demand for Commodities in the country. Trends in the market show a growing interest in Commodities trading among Angolan investors. This trend is influenced by global market dynamics and the increasing accessibility of trading platforms, allowing investors in Angola to participate in the global Commodities market.

Local special circumstances, such as the country's reliance on oil exports and efforts to diversify the economy, are also shaping the Commodities market in Angola. As the government seeks to reduce its dependence on oil revenue, there is a growing interest in alternative investment opportunities like Commodities. Underlying macroeconomic factors, such as foreign exchange rates, inflation, and government policies, play a significant role in the development of the Commodities market in Angola.

Economic stability and regulatory reforms can further boost investor confidence and attract more participants to the market.

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.