Commodities - Paraguay

Paraguay

The nominal value in the Commodities market is projected to reach US$25.62bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 3.74% resulting in a projected total amount of US$30.78bn by 2029.
The average price per contract in the Commodities market amounts to US$0.02 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 1,722.00k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Commodities market in Paraguay has been experiencing significant developments in recent years. Customer preferences in Paraguay are leaning towards a more diversified investment portfolio, with a growing interest in Commodities as a financial instrument to hedge risks and seek higher returns in the market.

Trends in the market show an increasing participation from local investors in Commodities trading, driven by the desire to capitalize on global market fluctuations and take advantage of the potential returns offered by these financial instruments. Local special circumstances, such as the relatively stable political environment and the government's efforts to promote economic growth, have created a favorable landscape for the growth of the Commodities market in Paraguay. Additionally, the country's strategic location and its strong ties with neighboring countries provide opportunities for international investors to participate in the market.

Underlying macroeconomic factors, including inflation rates, interest rates, and foreign exchange movements, play a crucial role in shaping the dynamics of the Commodities market in Paraguay. As investors seek to diversify their portfolios and protect their wealth against economic uncertainties, Commodities offer a valuable option for both short-term trading and long-term investment strategies.

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.