Commodities - Fiji

Fiji

The nominal value in the Commodities market is projected to reach US$8,184.00m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 4.65% resulting in a projected total amount of US$10,270.00m by 2029.
The average price per contract in the Commodities market amounts to US$0.02 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 372.50k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Commodities market in Fiji reflects a growing interest in financial derivatives among investors and traders.

Customer preferences: Investors in Fiji are increasingly drawn to commodities as an investment option due to their potential for high returns and portfolio diversification. The ease of trading commodities through online platforms has also made them more accessible to a wider range of investors.

Trends in the market: One notable trend in the Commodities market in Fiji is the shift towards sustainable and ethical investing. Investors are showing a preference for commodities that align with environmental and social values, such as renewable energy sources and ethically sourced materials. This trend mirrors global movements towards responsible investing practices.

Local special circumstances: Fiji's unique geographic location and natural resources play a significant role in shaping the Commodities market. The country's reliance on agriculture and tourism sectors can influence investor sentiment towards commodities like agricultural products and precious metals. Additionally, Fiji's vulnerability to natural disasters can impact commodity prices, leading to fluctuations in the market.

Underlying macroeconomic factors: The stability of Fiji's economy and its relationship with global markets are key factors influencing the Commodities market. Economic growth, inflation rates, and government policies can all impact commodity prices and trading volumes in the country. Furthermore, external factors such as international trade agreements and geopolitical events can have ripple effects on the Commodities market in Fiji.

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.