Commodities - Iraq

Iraq

The nominal value in the Commodities market is projected to reach US$8,674.00m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 4.94% resulting in a projected total amount of US$11,040.00m 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 in the United States (US$53,690.00bn in 2024).
In the Commodities market, the number of contracts is expected to amount to 903.60k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Commodities market in Iraq has shown a significant growth trajectory in recent years. Customer preferences in the Commodities market in Iraq are largely influenced by the country's increasing interest in diversifying investment portfolios and seeking alternative financial instruments.

Iraqi investors are increasingly looking at Commodities as a way to hedge against inflation and currency fluctuations, thereby driving the demand for these financial derivatives. Trends in the market indicate a shift towards more sophisticated trading strategies and a growing appetite for risk management tools among market participants in Iraq. As the awareness about Commodities as an asset class increases, more investors are exploring different products and trading techniques to capitalize on market opportunities.

Local special circumstances, such as the geopolitical situation in Iraq and the country's reliance on oil exports, play a crucial role in shaping the Commodities market. The volatility in oil prices and geopolitical tensions can lead to fluctuations in the Commodities market, creating both risks and opportunities for investors in Iraq. Underlying macroeconomic factors, including government policies, regulatory environment, and global economic conditions, also impact the development of the Commodities market in Iraq.

As the country continues to focus on economic diversification and financial market reforms, the Commodities market is expected to evolve further to meet the changing needs of investors and market dynamics.

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.