Commodities - Thailand

Thailand

The nominal value in the Commodities market is projected to reach US$614.20bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 3.02% resulting in a projected total amount of US$712.60bn by 2029.
The average price per contract in the Commodities market amounts to US$0.06 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 13,380.00k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

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

Customer preferences: Investors in Thailand have shown a growing interest in Commodities as an alternative investment option, seeking diversification and potential higher returns compared to traditional assets. This trend is in line with the global movement towards alternative investments in search of yield.

Trends in the market: One key trend in the Commodities market in Thailand is the increasing participation of retail investors. This can be attributed to the rise of online trading platforms, which have made it more accessible for individual investors to trade in Commodities. Additionally, the growing popularity of leveraged trading products has also contributed to the expansion of the retail investor base in the market.

Local special circumstances: Thailand's strategic location in Southeast Asia has positioned it as a key player in the region's Commodities market. The country's strong economic fundamentals, political stability, and well-developed financial infrastructure have attracted foreign investors looking to capitalize on the region's growth potential. Moreover, the government's initiatives to promote the financial market have further boosted the development of the Commodities market in Thailand.

Underlying macroeconomic factors: The economic growth and stability in Thailand have played a crucial role in shaping the Commodities market. As the economy continues to expand, driven by factors such as infrastructure development, urbanization, and increasing consumer spending, investors are looking to capitalize on the growth opportunities presented in the Commodities market. Additionally, the government's focus on attracting foreign investments and promoting capital market development has created a conducive environment for the growth of the Commodities market in Thailand.

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.