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Commodities - Rwanda

Rwanda
  • The nominal value in the Commodities market is projected to reach US$13.49bn in 2024.
  • It is expected to show an annual growth rate (CAGR 2024-2029) of 4.35% resulting in a projected total amount of US$16.68bn by 2029.
  • The average price per contract in the Commodities market amounts to US$0.03 in 2024.
  • From a global comparison perspective it is shown that the highest nominal value is reached United States (US$53.69tn in 2024).
  • In the Commodities market, the number of contracts is expected to amount to 170.40k by 2029.

Definition:

The commodities market refers to derivatives of commodities. These include financial vehicles such as options and futures. Derivatives allow investors to profit from a commodity’s value development without owning the physical commodity (e.g. instead of owning a unit of Gold, an investor could own a derivative of Gold). Therefore, physical commodities are out of scope in this analysis.

Structure:

The commodities market comprises derivatives of precious metals, industrial metals, energy products, agricultural products & the Emission Trade System. The segments of precious metals, industrial metals, energy products, and agricultural products are also providing price data of popular specific derivatives. The segment data of the Emission Trade System (ETS) is only provided for countries where an ETS is in place (therefore the number of countries where data is shown is reduced in comparison to other segments).

Additional information:

The market contains the following KPIs: annual notional value, the number of traded contracts, the open interest (number of outstanding contracts at the end of a year) as well as the average notional value per contract. Furthermore, the share of futures and options is provided for these KPIs to display even more insights into this market.

In-Scope

  • Options & Futures
  • Precious Metal Derivatives
  • Industry Metal Derivatives
  • Energy Product Derivatives
  • Agricultural Product Derivatives
  • Emission Trading System

Out-Of-Scope

  • Physical commodities
  • Other Derivative types
  • other Commodity Types
Commodities: market data & analysis - Cover

Market Insights report

Commodities: market data & analysis

Study Details

    Value Development

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Volume

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Commodities market in Rwanda is experiencing a shift in customer preferences towards more diverse investment options.

    Customer preferences:
    Investors in Rwanda are increasingly looking into Commodities as a way to diversify their investment portfolios and hedge against market volatility. This shift is driven by a growing awareness of the benefits of including Commodities in a well-rounded investment strategy.

    Trends in the market:
    The Commodities market in Rwanda is witnessing a trend towards more active trading and speculation, as investors seek to take advantage of price fluctuations and maximize their returns. This trend is fueled by the increasing availability of online trading platforms and the growing interest in alternative investment options.

    Local special circumstances:
    Rwanda's Commodities market is also influenced by local special circumstances, such as the country's efforts to boost its financial sector and attract foreign investment. The government's initiatives to improve market infrastructure and regulations are creating a more conducive environment for Commodities trading in the country.

    Underlying macroeconomic factors:
    The development of Rwanda's Commodities market is closely tied to the country's overall economic growth and stability. As Rwanda continues to strengthen its economy and attract foreign investment, the Commodities market is expected to expand further. Additionally, factors such as inflation rates, currency fluctuations, and global market trends play a significant role in shaping the performance of the Commodities market in Rwanda.

    Share development

    Most recent update: Jul 2024

    Source: Statista Market Insights

    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.

    Financial

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    Commodities: market data & analysis - BackgroundCommodities: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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