Commodities - Chad

Chad

The nominal value in the Commodities market is projected to reach US$7,934.00m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 4.86% resulting in a projected total amount of US$10,060.00m 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 405.40k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Commodities market in Chad is experiencing a notable shift in recent times, reflecting both global trends and local economic dynamics. Customer preferences in the Commodities market in Chad are influenced by a growing interest in diversifying investment portfolios and hedging against market volatility.

Investors in Chad are increasingly turning to Commodities as a way to spread risk and potentially achieve higher returns. Trends in the market indicate a rising demand for Commodities trading among both institutional investors and retail traders in Chad. This trend is driven by a combination of factors such as increased access to global markets, advancements in trading technology, and a growing awareness of the benefits of including Commodities in investment strategies.

Local special circumstances, such as Chad's dependence on oil revenues and its vulnerability to commodity price fluctuations, play a significant role in shaping the Commodities market in the country. The government's efforts to diversify the economy away from oil and promote alternative investment opportunities are also influencing the development of the Commodities market in Chad. Underlying macroeconomic factors, including inflation rates, exchange rate fluctuations, and government policies, have a direct impact on the performance of the Commodities market in Chad.

As the country continues to navigate economic challenges and implement structural reforms, the Commodities market is likely to remain dynamic and responsive to external market conditions.

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.