Commodities - Denmark

Denmark

The nominal value in the Commodities market is projected to reach US$441.80bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 3.77% resulting in a projected total amount of US$531.60bn by 2029.
The average price per contract in the Commodities market amounts to US$0.32 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 1,488.00k by 2029.

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Analyst Opinion

The Commodities market in Denmark has been experiencing notable developments in recent years. Customer preferences in the Commodities market in Denmark have been shifting towards more sustainable and environmentally friendly investment options.

Investors are increasingly looking for commodities that align with ESG (Environmental, Social, and Governance) criteria, reflecting a global trend towards responsible investing. Trends in the market show a growing interest in renewable energy commodities such as carbon credits and green bonds. Denmark's strong focus on sustainability and renewable energy sources has influenced this trend, with investors seeking opportunities that support the country's green initiatives.

Local special circumstances in Denmark, such as government incentives and policies promoting renewable energy, have created a favorable environment for the growth of green commodities in the market. The country's commitment to reducing carbon emissions and transitioning towards a greener economy has attracted both domestic and international investors to sustainable commodity investments. Underlying macroeconomic factors, including Denmark's stable economy and strong regulatory framework, have contributed to the development of the Commodities market in the country.

The presence of well-established financial institutions and a high level of transparency in the market have enhanced investor confidence and facilitated the expansion of commodity trading activities in Denmark.

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.