Commodities - G7

The nominal value in the Commodities market is projected to reach US$66,730.00bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 1.95% resulting in a projected total amount of US$73,510.00bn by 2029.
The average price per contract in the Commodities market amounts to US$0.05 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 1,301,000.00k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

In the ever-evolving world of financial markets, the Commodities market in G7 countries is experiencing dynamic shifts and developments. Customer preferences in the G7 Commodities market are heavily influenced by global economic conditions and geopolitical events.

Investors in these countries often seek commodities as a way to diversify their portfolios and hedge against inflation. The demand for commodities can also be driven by factors such as supply disruptions, technological advancements, and changing consumer behavior. Trends in the G7 Commodities market vary across countries.

For instance, in the United States, the focus may be on energy commodities due to its significant oil and gas production. Meanwhile, in Japan, a heavy reliance on imports may drive interest in agricultural commodities. Each G7 country's unique economic structure and industrial composition play a crucial role in shaping the trends observed in their Commodities market.

Local special circumstances further influence the Commodities market in G7 countries. For example, regulatory changes, government policies, and environmental considerations can impact the trading of commodities. Additionally, the level of market sophistication and investor knowledge in each country can lead to varying degrees of participation and activity in the Commodities market.

Underlying macroeconomic factors play a significant role in shaping the Commodities market in G7 countries. Economic indicators such as GDP growth, interest rates, inflation, and currency exchange rates can impact commodity prices and trading volumes. Moreover, global events such as trade tensions, natural disasters, and health crises can have ripple effects on the Commodities market in G7 nations.

Overall, the Commodities market in G7 countries is a complex and dynamic environment influenced by a myriad of factors. Understanding customer preferences, market trends, local circumstances, and macroeconomic factors is essential for market participants looking to navigate and capitalize on opportunities in this ever-changing landscape.

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.