Commodities - Slovakia

Slovakia

The nominal value in the Commodities market is projected to reach US$140.50bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 3.75% resulting in a projected total amount of US$168.90bn by 2029.
The average price per contract in the Commodities market amounts to US$0.17 in 2024.
From a global comparison perspective it is shown that the highest nominal value is reached in the United States (US$56,690.00bn in 2024).
In the Commodities market, the number of contracts is expected to amount to 870.60k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Commodities market in Slovakia has been experiencing notable developments and trends in recent times. Customer preferences in the Commodities market in Slovakia are influenced by a growing interest in diversifying investment portfolios and hedging against market volatility.

Investors are increasingly looking for alternative investment options beyond traditional asset classes, driving demand for Commodities as a financial instrument. Trends in the market indicate a shift towards increased participation from retail investors in Commodities trading in Slovakia. This trend can be attributed to greater access to online trading platforms, educational resources, and a desire for potential high returns.

Additionally, the market has seen a rise in algorithmic trading and the use of data analytics to inform trading decisions. Local special circumstances, such as the country's economic stability and favorable regulatory environment, have contributed to the growth of the Commodities market in Slovakia. The country's strategic location in Central Europe also plays a role in attracting investors looking to capitalize on market opportunities in the region.

Underlying macroeconomic factors, including global economic conditions, geopolitical events, and monetary policy decisions, have a significant impact on the Commodities market in Slovakia. Fluctuations in commodity prices, currency exchange rates, and interest rates can influence trading activities and market dynamics in the country. Additionally, investor sentiment and risk appetite are key factors that drive market trends in the Commodities sector.

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.