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Commodities - Myanmar

Myanmar
  • The nominal value in the Commodities market is projected to reach US$81.51bn in 2024.
  • It is expected to show an annual growth rate (CAGR 2024-2029) of 3.11% resulting in a projected total amount of US$95.01bn by 2029.
  • The average price per contract in the Commodities market amounts to US$0.16 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 572.80k 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.

In-Scope

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

Out-Of-Scope

  • Physical commodities
  • Other Derivative types
  • other Commodity Types
Commodities: market data & analysis - Cover

Market Insights report

Commodities: market data & analysis

Study Details

    Value Development

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Volume

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Commodities market in Myanmar is witnessing a shift in customer preferences as investors are increasingly turning to financial derivatives for trading opportunities.

    Customer preferences:
    Investors in Myanmar are showing a growing interest in Commodities as a way to diversify their investment portfolios and hedge against market volatility. With a rising middle-class population and increasing disposable income, there is a greater appetite for alternative investment options among retail and institutional investors alike.

    Trends in the market:
    One notable trend in the Commodities market in Myanmar is the surge in trading volume, driven by a combination of factors such as geopolitical events, global economic conditions, and local market sentiment. As investors seek higher returns and portfolio diversification, they are exploring opportunities in Commodities trading to capitalize on price movements and speculative trading strategies.

    Local special circumstances:
    Myanmar's unique geopolitical position and economic landscape play a significant role in shaping the Commodities market. The country's strategic location between major economic powers in the region influences investor sentiment and market dynamics. Additionally, regulatory frameworks and government policies impact the accessibility and attractiveness of Commodities trading for both domestic and foreign investors.

    Underlying macroeconomic factors:
    The development of the Commodities market in Myanmar is closely tied to broader macroeconomic factors such as GDP growth, inflation rates, exchange rate movements, and political stability. As the country undergoes economic reforms and opens up to foreign investment, the Commodities market is poised to benefit from increased liquidity and market participation. Furthermore, infrastructure development and technological advancements are enhancing the efficiency and transparency of trading activities, attracting more investors to the market.

    Share development

    Most recent update: Jul 2024

    Source: Statista Market Insights

    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.

    Financial

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    Commodities: market data & analysis - BackgroundCommodities: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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