Commodities - Gabon

Gabon

The nominal value in the Commodities market is projected to reach US$20.66bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 3.34% resulting in a projected total amount of US$24.35bn by 2029.
The average price per contract in the Commodities market amounts to US$0.04 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 486.40k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Commodities market in Gabon is experiencing a notable shift in recent years, reflecting changing customer preferences and local special circumstances.

Customer preferences: In Gabon, customers in the Commodities market are showing a growing interest in diversifying their investment portfolios. This trend is driven by a desire to mitigate risks and explore new avenues for financial growth. Investors are increasingly looking towards Commodities as a way to spread their investments across different asset classes and potentially achieve higher returns.

Trends in the market: One of the prominent trends in the Commodities market in Gabon is the increasing participation of retail investors. As more individuals seek to take control of their financial future, there has been a rise in retail trading of Commodities. This trend is further fueled by the accessibility of online trading platforms, which have made it easier for retail investors to enter the market and trade Commodities from the comfort of their homes.

Local special circumstances: Gabon's unique position as a resource-rich country plays a significant role in shaping the Commodities market. The country's abundance of natural resources, such as oil, minerals, and timber, influences the performance of Commodities in the market. Changes in global demand and supply dynamics for these resources directly impact the Commodities market in Gabon, making it susceptible to fluctuations in international commodity prices.

Underlying macroeconomic factors: The macroeconomic landscape in Gabon, including factors such as GDP growth, inflation rates, and government policies, also influences the Commodities market. Economic stability and government initiatives to promote investment in the resource sector can have a direct impact on the performance of Commodities. Additionally, currency exchange rates and global economic conditions play a crucial role in shaping investor sentiment towards Commodities in Gabon.

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.