Commodities

The nominal value in the Commodities market is projected to reach US$1.73bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 4.36% resulting in a projected total amount of US$2.13bn by 2029.
The average price per contract in the Commodities market amounts to US$0.00 in 2024.
From a global comparison perspective it is shown that the highest nominal value is reached United States (US$53.69tn in 2024).
In the Commodities market, the number of contracts is expected to amount to 875.70k by 2029.

Definition:

The commodities market refers to derivatives of commodities. These include financial vehicles such as options and futures. Derivatives allow investors to profit from a commodity’s value development without owning the physical commodity (e.g. instead of owning a unit of Gold, an investor could own a derivative of Gold). Therefore, physical commodities are out of scope in this analysis.

Structure:

The commodities market comprises derivatives of precious metals, industrial metals, energy products, agricultural products & the Emission Trade System. The segments of precious metals, industrial metals, energy products, and agricultural products are also providing price data of popular specific derivatives. The segment data of the Emission Trade System (ETS) is only provided for countries where an ETS is in place (therefore the number of countries where data is shown is reduced in comparison to other segments).

Additional information:

The market contains the following KPIs: annual notional value, the number of traded contracts, the open interest (number of outstanding contracts at the end of a year) as well as the average notional value per contract. Furthermore, the share of futures and options is provided for these KPIs to display even more insights into this market.

Options & Futures
Precious Metal Derivatives
Industry Metal Derivatives
Energy Product Derivatives
Agricultural Product Derivatives
Emission Trading System

Physical commodities
Other Derivative types
other Commodity Types

The Commodities market in Morocco has been experiencing significant developments and trends in recent years. Customer preferences in the Commodities market in Morocco are shifting towards more diverse investment options, as investors seek to diversify their portfolios and hedge against market volatility.

This trend is in line with global market behavior, where investors are increasingly looking for alternative investment opportunities beyond traditional asset classes. Trends in the market show a growing interest in commodity derivatives such as futures and options, as investors in Morocco look for ways to capitalize on price movements in various commodity markets. This trend is driven by the desire to achieve higher returns and manage risk more effectively, reflecting a broader global trend towards increased participation in commodity derivatives trading.

Local special circumstances in Morocco, such as the country's strategic location as a gateway between Europe and Africa, play a role in shaping the Commodities market. The country's proximity to key markets and its well-established infrastructure make it an attractive destination for investors looking to access commodity markets in the region. Additionally, Morocco's stable political environment and efforts to liberalize its economy further contribute to the development of the Commodities market.

Underlying macroeconomic factors, including economic growth, inflation rates, and foreign exchange fluctuations, also impact the Commodities market in Morocco. As the country continues to experience steady economic growth and attract foreign investment, the demand for commodity derivatives is likely to increase. Moreover, fluctuations in global commodity prices and currency exchange rates can influence investor behavior and trading activity in the market.

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.

This report presents a comprehensive analysis and additional information on the Financial market, in a PDF format.