Commodities - Hungary

Hungary

The nominal value in the Commodities market is projected to reach US$258.70bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 5.38% resulting in a projected total amount of US$336.20bn by 2029.
The average price per contract in the Commodities market amounts to US$0.28 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 1,029.00k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Commodities market in Hungary is experiencing a significant shift in recent years, reflecting global trends in the financial sector. Customer preferences in Hungary are leaning towards more diverse investment options, with an increasing interest in Commodities as a way to diversify portfolios and hedge against market volatility.

Trends in the market show a growing demand for Commodities trading platforms and products, as investors seek new opportunities for higher returns in a low-interest-rate environment. This trend is further fueled by advancements in technology, making it easier for retail investors to access the Commodities market. Local special circumstances in Hungary, such as a strong financial services industry and a growing interest in alternative investments, are contributing to the development of the Commodities market.

Additionally, regulatory changes and government initiatives to promote financial market development are also playing a role in shaping the market landscape. Underlying macroeconomic factors, including low inflation rates and stable economic growth, are providing a favorable environment for investors to explore Commodities as part of their investment strategy. The increasing integration of Hungary into the global financial system is also opening up new opportunities for market participants to engage in Commodities trading on an international scale.

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.