Commodities - CIS

The nominal value in the Commodities market is projected to reach US$2,032.00bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 7.73% resulting in a projected total amount of US$2,949.00bn by 2029.
The average price per contract in the Commodities market amounts to US$0.00 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 503.90m by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Commodities market in CIS is experiencing a shift in customer preferences, leading to notable trends in the market.

Customer preferences: Customers in the CIS region are showing an increasing interest in investing in Commodities as a way to diversify their portfolios and hedge against market volatility. The appeal of Commodities lies in their potential for high returns and as a way to spread risk across different asset classes.

Trends in the market: One of the key trends in the CIS Commodities market is the growing popularity of trading digital Commodities, such as cryptocurrency derivatives. This trend is driven by the region's tech-savvy population and the desire to capitalize on the volatility of digital assets. Additionally, there is a noticeable increase in trading activity of traditional Commodities derivatives like oil and gold, reflecting global market trends.

Local special circumstances: In the CIS region, geopolitical factors play a significant role in shaping the Commodities market. The region's proximity to major oil and gas reserves influences trading activities in energy derivatives. Moreover, the historical significance of gold as a safe-haven asset in times of political and economic uncertainty also drives demand for gold derivatives in the CIS market.

Underlying macroeconomic factors: The economic stability and growth prospects of CIS countries impact the Commodities market. Favorable macroeconomic conditions, such as low inflation rates and steady GDP growth, create a conducive environment for investing in Commodities. Additionally, currency fluctuations and government policies regarding trade and investment can influence the performance of Commodities derivatives in the CIS market.

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.