Commodities - Burkina Faso

Burkina Faso

The nominal value in the Commodities market is projected to reach US$10,950.00m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 5.19% resulting in a projected total amount of US$14,100.00m 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 509.40k by 2029.

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Analyst Opinion

The Commodities market in Burkina Faso is experiencing a shift in customer preferences, market trends, and local special circumstances that are shaping its development. Customer preferences in Burkina Faso are increasingly leaning towards diversified investment options, including commodities, as investors seek to mitigate risks and maximize returns.

This shift is in line with global trends where investors are looking beyond traditional assets to enhance their portfolios. In Burkina Faso, one of the notable trends in the Commodities market is the growing interest in commodity derivatives as a way to participate in the market without owning physical assets. This trend is driven by the desire for flexibility and liquidity in investment options, reflecting a broader global movement towards financial instruments in commodities trading.

Local special circumstances in Burkina Faso, such as improving infrastructure and regulatory frameworks, are also contributing to the development of the Commodities market. These factors are creating a more conducive environment for investors to engage in commodity trading, attracting both domestic and foreign participants to the market. Underlying macroeconomic factors, such as economic growth and stability, are playing a significant role in driving the development of the Commodities market in Burkina Faso.

As the economy continues to expand and diversify, there is a growing demand for hedging tools and investment opportunities, further fueling the growth of the market. Overall, the Commodities market in Burkina Faso is evolving in response to changing customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. This transformation is positioning the market for continued growth and innovation in the coming years.

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.