Commodities

The nominal value in the Commodities market is projected to reach US$2.65bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 2.57% resulting in a projected total amount of US$3.01bn by 2029.
The average price per contract in the Commodities market amounts to US$0.01 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 378.10k 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 Guinea is experiencing a notable shift in recent times.

Customer preferences: Customers in Guinea are increasingly showing interest in investing in commodities as a way to diversify their portfolios and hedge against market volatility. The appeal of commodities lies in their potential for high returns and as a strategic asset allocation.

Trends in the market: One noticeable trend in the Guinea commodities market is the growing demand for financial derivatives such as futures and options. Investors are leveraging these instruments to speculate on price movements and manage risk effectively. This trend is in line with global market movements towards increased derivatives trading.

Local special circumstances: Guinea's commodities market is influenced by its rich natural resources, particularly in mining. The country is a significant producer of bauxite, iron ore, gold, and diamonds, which plays a crucial role in shaping the commodities market. The mining industry's performance directly impacts commodity prices and trading activities in Guinea.

Underlying macroeconomic factors: The development of Guinea's commodities market is closely tied to the country's overall economic stability and growth prospects. Factors such as political stability, regulatory environment, and infrastructure development play a significant role in shaping the market dynamics. Additionally, global economic trends and demand for commodities also impact Guinea's market performance.

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.