Commodities

The nominal value in the Commodities market is projected to reach US$149.20m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 2.98% resulting in a projected total amount of US$172.80m by 2029.
The average price per contract in the Commodities market amounts to US$0.00 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 390.20k 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 Gambia has been experiencing a notable shift in recent years, reflecting changes in customer preferences and local special circumstances.

Customer preferences: Customers in Gambia have shown an increasing interest in investing in Commodities as a way to diversify their portfolios and hedge against market volatility. This trend is in line with the global movement towards alternative investments, driven by a growing awareness of the benefits of Commodities in a well-rounded investment strategy.

Trends in the market: In Gambia, there has been a noticeable uptick in trading activity in Commodities, with more investors actively participating in this market. This trend can be attributed to the improving infrastructure for trading platforms and the availability of information, making it easier for individuals to access and engage with Commodities. Additionally, the rising number of financial institutions offering Commodities trading services has also contributed to the market's growth.

Local special circumstances: Gambia's economy heavily relies on agriculture, which plays a significant role in driving the demand for Commodities in the country. The agricultural sector's performance directly impacts the prices of key Commodities, such as coffee and cocoa, leading to fluctuations in the market. Moreover, the government's initiatives to promote investment in Commodities have further fueled interest among local investors.

Underlying macroeconomic factors: The stability of Gambia's economy and its increasing integration into the global market have created a favorable environment for Commodities trading. As the country continues to strengthen its regulatory framework and improve transparency in the financial sector, investors are gaining more confidence in participating in the Commodities market. Additionally, external factors such as global market trends and geopolitical events also influence the direction of the Commodities market in Gambia.

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.