Commodities - Greece

Greece

The nominal value in the Commodities market is projected to reach US$320.50bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 5.03% resulting in a projected total amount of US$409.60bn by 2029.
The average price per contract in the Commodities market amounts to US$0.38 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 828.30k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

In Greece, the Commodities market is experiencing a notable shift in recent years. Customer preferences in the Greek Commodities market are leaning towards more diverse investment options, driven by a growing interest in financial derivatives.

Investors are increasingly looking for ways to diversify their portfolios and hedge against market volatility, leading to a surge in trading activity in the Commodities sector. Trends in the market indicate a rising demand for Commodities trading, with a particular focus on energy and agricultural products. This trend is influenced by global market dynamics and geopolitical factors, as well as local economic conditions.

Traders are closely monitoring price fluctuations and geopolitical events to capitalize on market opportunities. Local special circumstances, such as Greece's strategic geographical location and its role as a gateway to Europe, are contributing to the growth of the Commodities market. The country's proximity to key markets and its strong trading infrastructure make it an attractive destination for investors looking to access Commodities markets in the region.

Underlying macroeconomic factors, including inflation rates, interest rates, and government policies, play a significant role in shaping the Commodities market in Greece. Economic stability and regulatory environment are key drivers of investor confidence and market growth. As Greece continues to navigate its economic recovery, the Commodities market is expected to evolve in response to changing macroeconomic conditions.

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.