Commodities - Serbia

Serbia

The nominal value in the Commodities market is projected to reach US$81.51bn 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$99.36bn 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 37,920.00k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Commodities market in Serbia has been experiencing notable developments and trends recently.

Customer preferences: Traders and investors in Serbia are increasingly showing interest in commodities as a way to diversify their investment portfolios and hedge against market volatility. The appeal of commodities lies in their potential for high returns and as a means to spread risk.

Trends in the market: One of the key trends in the Serbian Commodities market is the growing popularity of trading in commodity futures and options. This trend is driven by the desire of market participants to speculate on price movements and take advantage of leverage. Additionally, there is a noticeable shift towards electronic trading platforms, providing traders with easier access to the market and real-time information.

Local special circumstances: Serbia's geopolitical position and its integration into the global economy play a significant role in shaping the Commodities market. As the country continues to strengthen its ties with international markets, there is an increasing flow of foreign investment into the commodities sector. This influx of capital has contributed to the market's growth and liquidity.

Underlying macroeconomic factors: The overall economic stability and growth in Serbia have also influenced the Commodities market. Favorable government policies and regulations have created a conducive environment for market participants to engage in commodities trading. Additionally, the country's efforts to modernize its financial infrastructure and improve transparency have further boosted confidence in the 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.