Commodities - Niger

Niger

The nominal value in the Commodities market is projected to reach US$390.30m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 4.91% resulting in a projected total amount of US$495.90m 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 in the United States (US$53,690.00bn in 2024).
In the Commodities market, the number of contracts is expected to amount to 845.40k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Commodities market in Niger is experiencing a shift in dynamics that is influenced by various factors both locally and globally. Customer preferences in the Commodities market in Niger are reflecting a growing interest in diversifying investment portfolios and hedging against market volatility.

Investors are increasingly looking towards Commodities as a way to spread risk and potentially achieve higher returns in a challenging economic environment. Trends in the market indicate a rising demand for Commodities trading platforms and products tailored to the needs of Nigerien investors. This trend is driven by the desire for easier access to global markets and a broader range of investment options.

Additionally, there is a noticeable increase in the adoption of technology for trading and monitoring Commodities investments. Local special circumstances, such as the limited availability of traditional investment opportunities and the need for alternative financial instruments, are contributing to the development of the Commodities market in Niger. As investors seek ways to navigate economic uncertainties and inflation risks, Commodities offer a viable solution that aligns with their investment goals.

Underlying macroeconomic factors, including fluctuating currency exchange rates, inflationary pressures, and geopolitical events, are influencing investor behavior in the Commodities market in Niger. These factors are driving interest in Commodities as a means of capital preservation and wealth protection in an unpredictable economic landscape.

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.