Commodities - Australia & Oceania

Australia & Oceania

The nominal value in the Commodities market is projected to reach US$1,109,000.00m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 3.15% resulting in a projected total amount of US$1,295,000.00m 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 6,182.00k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Commodities market in Australia & Oceania has been experiencing significant developments and trends in recent years. Customer preferences in the region are shifting towards more diverse investment options, including Commodities.

Investors are increasingly looking for ways to diversify their portfolios and hedge against market volatility, driving the demand for Commodities in Australia & Oceania. Trends in the market show a growing interest in digital Commodities trading platforms, offering investors easy access to a wide range of Commodities. This trend is fueled by the increasing adoption of technology in financial markets and the need for convenience in trading.

Local special circumstances, such as the region's strong ties to the mining and energy sectors, play a significant role in shaping the Commodities market in Australia & Oceania. The performance of these sectors directly impacts the demand and supply dynamics of Commodities in the region. Underlying macroeconomic factors, including global economic conditions and geopolitical events, also influence the Commodities market in Australia & Oceania.

Fluctuations in commodity prices, currency exchange rates, and interest rates can have a direct impact on investor sentiment and trading activities in the region.

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.