Commodities - Armenia

Armenia

The nominal value in the Commodities market is projected to reach US$28.55bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 5.09% resulting in a projected total amount of US$36.59bn by 2029.
The average price per contract in the Commodities market amounts to US$0.07 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 444.10k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

Armenia, a country known for its rich history and breathtaking landscapes, has been experiencing interesting developments in its Commodities market. Customer preferences in Armenia are leaning towards investing in Commodities as a way to diversify their portfolios and hedge against market volatility.

With a growing awareness of the potential returns from trading Commodities, more investors in Armenia are showing interest in this market. Trends in the Commodities market in Armenia indicate a shift towards online trading platforms and mobile applications, making it more accessible to retail investors. This trend is in line with global practices, where technology plays a crucial role in democratizing access to financial markets.

Local special circumstances, such as Armenia's geographical location and its economic ties with neighboring countries, influence the Commodities market. The country's strategic position can impact the prices of Commodities, especially energy-related ones, creating both challenges and opportunities for investors. Underlying macroeconomic factors, including inflation rates and currency fluctuations, play a significant role in shaping the Commodities market in Armenia.

Investors closely monitor these factors to make informed decisions and navigate the market effectively. Additionally, government policies and global economic trends also impact the performance of Commodities in the country.

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.