Commodities - Russia

Russia

The nominal value in the Commodities market is projected to reach US$1,681.00bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 3.03% resulting in a projected total amount of US$1,952.00bn by 2029.
The average price per contract in the Commodities market amounts to US$0.00 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 499.30m by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Commodities market in Russia has been experiencing a notable shift in recent years.

Customer preferences: Russian investors have shown a growing interest in Commodities as a form of investment, seeking diversification and potential high returns in a volatile market environment.

Trends in the market: The Commodities market in Russia has seen an increase in trading volume and liquidity, driven by the growing number of retail investors participating in online trading platforms. This trend is further fueled by the accessibility of information and trading tools, making it easier for individuals to engage in Commodities trading.

Local special circumstances: One of the key factors influencing the Commodities market in Russia is the country's heavy reliance on natural resources, such as oil and gas. The fluctuations in global energy prices have a direct impact on the Russian economy and subsequently on the Commodities market. Additionally, regulatory changes and government policies play a significant role in shaping the market dynamics.

Underlying macroeconomic factors: The geopolitical landscape and international relations also play a crucial role in shaping the Commodities market in Russia. Sanctions imposed by Western countries have a direct impact on the market sentiment and investment decisions. Moreover, the overall economic stability and growth prospects of the country influence investor confidence and participation 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.