Commodities - Croatia

Croatia

The nominal value in the Commodities market is projected to reach US$95.81bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 5.28% resulting in a projected total amount of US$123.90bn by 2029.
The average price per contract in the Commodities market amounts to US$0.16 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 616.90k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Commodities market in Croatia has been witnessing interesting developments in recent years. Customer preferences in the Commodities market in Croatia are influenced by a growing interest in diversifying investment portfolios and hedging against market volatility.

Investors are increasingly turning to Commodities as a way to manage risk and seek potential returns in a challenging economic environment. Trends in the market indicate a shift towards more sophisticated trading strategies and the adoption of advanced risk management tools. This trend is driven by the need for investors to navigate complex market dynamics and optimize their investment performance in the face of uncertainty.

Local special circumstances, such as regulatory changes and evolving market infrastructure, play a significant role in shaping the Commodities market in Croatia. These factors create both challenges and opportunities for market participants, influencing trading behavior and investment decisions. Underlying macroeconomic factors, including inflation rates, interest rates, and currency fluctuations, also impact the Commodities market in Croatia.

Investors closely monitor these factors to assess market conditions and make informed trading decisions, contributing to the overall development of the 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.