Commodities

The nominal value in the Commodities market is projected to reach US$1.25tn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 3.84% resulting in a projected total amount of US$1.51tn by 2029.
The average price per contract in the Commodities market amounts to US$0.39 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 3.35m 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.

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

Physical commodities
Other Derivative types
other Commodity Types

In Spain, the Commodities market is experiencing a notable shift in recent years.

Customer preferences: Traders and investors in Spain are increasingly showing interest in Commodities as a way to diversify their portfolios and hedge against market volatility. They are drawn to the potential for high returns and the opportunity to speculate on price movements.

Trends in the market: One prominent trend in the Spanish Commodities market is the growing popularity of trading in financial derivatives such as futures and options. This trend is fueled by the ease of access to online trading platforms and the availability of leveraged products, which attract both seasoned traders and newcomers looking to capitalize on market movements.

Local special circumstances: Spain's geographical location and strong ties to Latin America play a significant role in shaping its Commodities market. The country's historical connections to regions rich in natural resources influence trading preferences, with a focus on Commodities like oil, gas, and precious metals. Additionally, Spain's position as a key player in the European Union provides access to a wide range of Commodities markets and trading opportunities.

Underlying macroeconomic factors: The performance of the Spanish economy, global market trends, and geopolitical events all impact the Commodities market in Spain. Economic indicators such as GDP growth, inflation rates, and interest rates influence investor sentiment and trading activities. Moreover, fluctuations in currency exchange rates and trade agreements can create opportunities or risks for Commodities traders in Spain.

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.

This report presents a comprehensive analysis and additional information on the Financial market, in a PDF format.