Commodities

The nominal value in the Commodities market is projected to reach US$110.10bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 6.88% resulting in a projected total amount of US$153.60bn by 2029.
The average price per contract in the Commodities market amounts to US$0.20 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 534.70k 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 Cuba is experiencing a shift in dynamics and trends, reflecting the unique economic environment of the country. Customer preferences in the Cuban Commodities market are influenced by a combination of factors.

Customers in Cuba tend to prioritize stability and security when it comes to their investments, leading to a preference for low-risk commodities. Additionally, there is a growing interest in commodities that are less affected by global market fluctuations, providing a sense of insulation from external economic uncertainties. Trends in the Cuban Commodities market are shaped by both global market movements and local economic conditions.

As Cuba continues to open up to foreign investment and trade, there is an increasing demand for commodities that are linked to the country's key industries, such as tourism and agriculture. This trend is further fueled by the government's efforts to diversify the economy and reduce dependency on traditional sectors. Local special circumstances in Cuba play a significant role in shaping the Commodities market.

The country's socialist economic system and centralized planning impact the availability and accessibility of certain commodities. This, in turn, influences investor behavior and market trends within the country. Additionally, Cuba's geopolitical relationships and trade agreements can have a direct impact on the performance of specific commodities in the market.

Underlying macroeconomic factors in Cuba, such as inflation rates, foreign exchange policies, and government regulations, also play a crucial role in shaping the Commodities market. Economic stability and policy decisions can drive investor confidence and market performance, impacting the overall trends in the Commodities market. As Cuba continues to navigate economic reforms and global market integration, these macroeconomic factors will continue to influence the direction of the Commodities market in the country.

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.