Commodities - Belarus

Belarus

The nominal value in the Commodities market is projected to reach US$220.70bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 30.42% resulting in a projected total amount of US$832.90bn by 2029.
The average price per contract in the Commodities market amounts to US$0.27 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 887.40k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

Over the past few years, the Commodities market in Belarus has shown significant growth and development. Customer preferences in Belarus are leaning towards investing in Commodities as a way to diversify their portfolios and hedge against market volatility.

Investors are increasingly turning to Commodities as an alternative investment option to traditional stocks and bonds. Trends in the market indicate a rising interest in Commodities trading among both retail and institutional investors in Belarus. This trend can be attributed to the potential for high returns and the opportunity to profit from price fluctuations in the Commodities market.

Local special circumstances, such as a growing economy and increasing awareness about financial markets, are contributing to the expansion of the Commodities market in Belarus. The government's efforts to promote economic growth and attract foreign investment are also playing a role in driving the development of the market. Underlying macroeconomic factors, including inflation rates, exchange rates, and global market trends, are influencing the performance of the Commodities market in Belarus.

Investors are closely monitoring these factors to make informed decisions about their Commodities investments.

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.