Commodities - Ireland

Ireland

The nominal value in the Commodities market is projected to reach US$592.70bn in 2025.
It is expected to show an annual growth rate (CAGR 2025-2029) of 3.78% resulting in a projected total amount of US$687.50bn by 2029.
The average price per contract in the Commodities market amounts to US$0.30 in 2025.
From a global comparison perspective it is shown that the highest nominal value is reached in the United States (US$53,230.00bn in 2025).
In the Commodities market, the number of contracts is expected to amount to 2,101.00k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Commodities market in Ireland has been experiencing a notable shift in recent years, reflecting global trends in financial derivatives trading.

Customer preferences: Irish investors have shown a growing interest in commodities as an alternative investment option, seeking diversification in their portfolios and hedging against market volatility. This preference aligns with the broader global trend of investors turning to commodities for potential returns uncorrelated with traditional asset classes.

Trends in the market: One significant trend in the Irish Commodities market is the increasing popularity of trading in energy derivatives, particularly oil and natural gas. This trend is driven by geopolitical events impacting global energy markets and the heightened focus on sustainable energy sources. Additionally, there is a rising demand for agricultural commodity derivatives, reflecting Ireland's strong ties to the agriculture sector and the importance of commodities like wheat and corn in global trade.

Local special circumstances: Ireland's position as a key player in the European financial landscape, particularly post-Brexit, has influenced the development of its Commodities market. The country's robust regulatory framework and well-established financial infrastructure have attracted market participants looking for stability and access to the broader European market. Moreover, the presence of multinational corporations and financial institutions in Ireland has contributed to the sophistication and liquidity of the Commodities market.

Underlying macroeconomic factors: The economic growth and stability in Ireland have bolstered investor confidence in the Commodities market, providing a conducive environment for trading activities. Additionally, the country's strategic location and strong trade relationships within the European Union have facilitated the flow of capital and investment into the Commodities market. Furthermore, Ireland's focus on innovation and technology in the financial sector has enhanced market efficiency and accessibility for investors, driving further growth in the Commodities market.

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.