Commodities - Northern Africa

Northern Africa

The nominal value in the Commodities market is projected to reach US$53.89bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 4.72% resulting in a projected total amount of US$67.87bn by 2029.
The average price per contract in the Commodities market amounts to US$0.01 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 4,227.00k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Commodities market in Northern Africa is witnessing a shift in customer preferences, influenced by various trends and local special circumstances.

Customer preferences: Customers in Northern Africa are increasingly turning to Commodities as a way to diversify their investment portfolios and hedge against market volatility. The appeal of Commodities lies in their ability to provide a potential source of high returns, especially during times of economic uncertainty.

Trends in the market: One notable trend in the Commodities market in Northern Africa is the growing interest in energy derivatives, particularly oil and natural gas. This trend is driven by the region's significant oil and gas reserves, making energy Commodities a popular choice among investors looking to capitalize on the fluctuations in global energy prices.

Local special circumstances: Political instability and geopolitical tensions in certain Northern African countries have a direct impact on the Commodities market in the region. Investors often turn to Commodities as a safe haven asset during times of unrest, leading to increased trading volumes in response to geopolitical events.

Underlying macroeconomic factors: The overall economic growth and stability of Northern African countries play a crucial role in shaping the Commodities market. Factors such as GDP growth, inflation rates, and currency fluctuations can influence investor sentiment and drive demand for Commodities as an alternative investment option. Additionally, government policies and regulations regarding the Commodities market can also impact trading activities in the region.

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.