Commodities - Honduras

Honduras

The nominal value in the Commodities market is projected to reach US$34.57bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 4.66% resulting in a projected total amount of US$43.42bn by 2029.
The average price per contract in the Commodities market amounts to US$0.09 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 409.10k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

Amidst the vibrant market dynamics of Honduras, the Commodities market is experiencing notable trends and developments. Customer preferences in Honduras lean towards diversification and risk management, driving interest in Commodities as a financial instrument.

Investors are increasingly looking for opportunities to hedge against inflation and geopolitical uncertainties, leading to a growing demand for Commodities in their investment portfolios. Trends in the Commodities market in Honduras reflect global patterns but with local nuances. The market is witnessing a shift towards sustainable and socially responsible investing, prompting the emergence of ESG (Environmental, Social, and Governance) Commodities.

This trend aligns with the growing awareness of environmental issues among investors in Honduras, influencing their choices in the Commodities market. Local special circumstances, such as regulatory frameworks and infrastructure development, play a crucial role in shaping the Commodities market in Honduras. The government's initiatives to promote transparency and accountability in financial markets are creating a conducive environment for investors to engage in Commodities trading.

Additionally, the country's strategic geographical location and trade agreements enhance its position as a hub for Commodities trading in the region. Underlying macroeconomic factors, including GDP growth, inflation rates, and foreign exchange fluctuations, impact the Commodities market in Honduras. Economic stability and favorable growth prospects attract foreign investors to the market, boosting liquidity and driving price movements in Commodities.

Moreover, government policies and trade relations influence the performance of the market, creating opportunities and risks for participants. Overall, the Commodities market in Honduras is evolving in response to changing customer preferences, global trends, local circumstances, and macroeconomic factors. As investors navigate the complexities of the market, staying informed about these dynamics is essential for making informed decisions and capitalizing on opportunities in the Commodities sector.

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.