Commodities - North America

North America

The nominal value in the Commodities market is projected to reach US$57,940.00bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 1.63% resulting in a projected total amount of US$62,820.00bn by 2029.
The average price per contract in the Commodities market amounts to US$0.05 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 1,183,000.00k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

Over the past few years, the Commodities market in North America has seen significant growth and development. Customer preferences in the North American Commodities market have been shifting towards more diverse investment options, with a growing interest in alternative investment strategies.

Investors are increasingly looking for ways to diversify their portfolios and hedge against market volatility, driving the demand for commodities as financial derivatives. Trends in the North American Commodities market indicate a rise in the popularity of commodity index funds and exchange-traded products, providing investors with easy access to a wide range of commodities without the need for direct commodity ownership. Additionally, there has been a growing focus on environmental, social, and governance (ESG) factors in commodity investing, leading to the emergence of sustainable and responsible investment practices in the market.

Local special circumstances in North America, such as the region's strong regulatory framework and advanced financial infrastructure, have contributed to the growth of the Commodities market. The presence of established commodity exchanges and trading platforms has facilitated smooth trading and increased market liquidity, attracting both institutional and retail investors to participate in commodity trading. Underlying macroeconomic factors, including economic growth, inflation rates, and geopolitical events, play a crucial role in shaping the North American Commodities market.

Factors such as changes in interest rates, currency fluctuations, and global supply and demand dynamics impact commodity prices and drive market trends in the region. Additionally, government policies and regulations related to trade and energy production can have a significant influence on the performance of commodities in the 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.