Commodities

The nominal value in the Commodities market is projected to reach US$477.20bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 4.40% resulting in a projected total amount of US$591.80bn by 2029.
The average price per contract in the Commodities market amounts to US$0.13 in 2024.
From a global comparison perspective it is shown that the highest nominal value is reached United States (US$53.69tn in 2024).
In the Commodities market, the number of contracts is expected to amount to 4.23m by 2029.

Definition:

The commodities market refers to derivatives of commodities. These include financial vehicles such as options and futures. Derivatives allow investors to profit from a commodity’s value development without owning the physical commodity (e.g. instead of owning a unit of Gold, an investor could own a derivative of Gold). Therefore, physical commodities are out of scope in this analysis.

Structure:

The commodities market comprises derivatives of precious metals, industrial metals, energy products, agricultural products & the Emission Trade System. The segments of precious metals, industrial metals, energy products, and agricultural products are also providing price data of popular specific derivatives. The segment data of the Emission Trade System (ETS) is only provided for countries where an ETS is in place (therefore the number of countries where data is shown is reduced in comparison to other segments).

Additional information:

The market contains the following KPIs: annual notional value, the number of traded contracts, the open interest (number of outstanding contracts at the end of a year) as well as the average notional value per contract. Furthermore, the share of futures and options is provided for these KPIs to display even more insights into this market.

Options & Futures
Precious Metal Derivatives
Industry Metal Derivatives
Energy Product Derivatives
Agricultural Product Derivatives
Emission Trading System

Physical commodities
Other Derivative types
other Commodity Types

The Commodities market in Chile has been experiencing a notable shift in recent years, reflecting changing customer preferences and local special circumstances.

Customer preferences: Customers in Chile have shown a growing interest in commodities trading, seeking diversification in their investment portfolios and looking for alternative assets to traditional stocks and bonds. The appeal of commodities lies in their potential for high returns and as a hedge against inflation and economic uncertainties.

Trends in the market: One of the key trends in the Chilean Commodities market is the increasing participation of retail investors. As more retail investors gain access to online trading platforms and educational resources, they are actively engaging in commodities trading. This trend is driving liquidity in the market and contributing to the overall growth of the sector.

Local special circumstances: Chile's strong mining industry plays a significant role in shaping the Commodities market. As one of the world's largest producers of copper, the country's economy is closely tied to the performance of this commodity. Fluctuations in copper prices have a direct impact on Chile's GDP and government revenues, influencing investor sentiment and trading activity in the Commodities market.

Underlying macroeconomic factors: The stability of Chile's economy and its sound regulatory framework have been instrumental in attracting foreign investors to the Commodities market. Additionally, the country's strong trade relationships with global markets provide ample opportunities for commodities trading. Macroeconomic factors such as interest rates, exchange rates, and global demand for commodities also influence the dynamics of the market in Chile.

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.

This report presents a comprehensive analysis and additional information on the Financial market, in a PDF format.