Commodities - Papua New Guinea

Papua New Guinea

The nominal value in the Commodities market is projected to reach US$46.31bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 4.36% resulting in a projected total amount of US$57.33bn by 2029.
The average price per contract in the Commodities market amounts to US$0.07 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 647.10k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Commodities market in Papua New Guinea reflects a growing interest in financial derivatives among investors in the region. Customer preferences in Papua New Guinea are shifting towards investing in Commodities as a way to diversify their portfolios and hedge against market volatility.

Investors are increasingly looking for alternative investment options beyond traditional stocks and bonds, leading to a rise in demand for Commodities in the country. Trends in the market show a gradual increase in trading volume and liquidity for Commodities in Papua New Guinea. This trend is influenced by the global market dynamics and the country's efforts to develop its financial infrastructure to attract more investors.

As Papua New Guinea becomes more integrated into the global economy, the Commodities market is expected to continue to expand. Local special circumstances, such as the country's natural resource-rich economy, play a significant role in driving the growth of the Commodities market. Papua New Guinea's mining and energy sectors contribute significantly to the country's GDP, making Commodities an attractive investment option for local investors looking to capitalize on the country's natural resources.

Underlying macroeconomic factors, including stable economic growth and government initiatives to promote investment in the financial markets, are also contributing to the development of the Commodities market in Papua New Guinea. As the country continues to strengthen its regulatory framework and improve market transparency, investors are gaining more confidence in participating in the Commodities 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.