Commodities - Northern Europe

Northern Europe

The nominal value in the Commodities market is projected to reach US$2,071.00bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 4.04% resulting in a projected total amount of US$2,524.00bn by 2029.
The average price per contract in the Commodities market amounts to US$0.27 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 8.31m by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

Amidst the picturesque landscapes and vibrant economies of Northern Europe, the Commodities market is experiencing notable developments. Customer preferences in the Commodities market in Northern Europe are leaning towards a diverse range of financial derivatives, reflecting a growing interest in alternative investment options.

Investors are increasingly looking for ways to diversify their portfolios and hedge against market volatility, driving the demand for commodities trading. Trends in the market indicate a shift towards sustainable and green investments, with a particular focus on ESG (Environmental, Social, and Governance) factors. This trend is in line with the region's strong commitment to sustainability and responsible investing, influencing the choices made by market participants in the Commodities market.

Local special circumstances, such as stringent regulations on carbon emissions and renewable energy targets, are shaping the Commodities market in Northern Europe. These factors are driving innovation in the market, leading to the introduction of new commodities products that cater to the region's sustainability goals. Underlying macroeconomic factors, including economic stability, technological advancements, and geopolitical developments, are also influencing the Commodities market in Northern Europe.

The region's strong economic performance and emphasis on innovation are creating a favorable environment for commodities trading, attracting both domestic and international investors looking to capitalize on the market opportunities. Overall, the Commodities market in Northern Europe is evolving in response to changing customer preferences, global trends towards sustainable investing, local special circumstances, and underlying macroeconomic factors. These dynamics are shaping the market landscape and driving growth and innovation in the region's commodities trading sector.

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.