Commodities - Guyana

Guyana

The nominal value in the Commodities market is projected to reach US$10,870.00m 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$13,890.00m by 2029.
The average price per contract in the Commodities market amounts to US$0.03 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 370.20k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Commodities market in Guyana has been experiencing notable developments and trends in recent years. Customer preferences in the Commodities market in Guyana are influenced by a growing interest in diversifying investment portfolios and hedging against market volatility.

Investors in the region are increasingly looking for opportunities to trade in Commodities to spread risk and potentially increase returns. Trends in the market show a shift towards increased participation from local investors and institutions in Guyana. This trend is driven by the desire to capitalize on the potential for high returns offered by Commodities trading, as well as the growing awareness and education about financial markets in the country.

Local special circumstances, such as the discovery of significant oil reserves in Guyana, have also played a role in shaping the Commodities market. The newfound wealth and economic growth resulting from the oil industry have created a favorable environment for investment activities, including in Commodities. Underlying macroeconomic factors, including stable economic growth, favorable government policies, and increasing foreign direct investment, have further supported the development of the Commodities market in Guyana.

These factors have contributed to a positive investment climate and attracted both local and international investors to participate in Commodities trading in the country.

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.