Commodities - Tunisia

Tunisia

The nominal value in the Commodities market is projected to reach US$147.40m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 4.26% resulting in a projected total amount of US$181.60m 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 521.70k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Commodities market in Tunisia is experiencing a notable shift in recent years, driven by changing customer preferences, market trends, and local special circumstances.

Customer preferences: Tunisian investors are increasingly showing interest in diversifying their investment portfolios beyond traditional options. This shift in preferences is leading to a growing demand for commodities as financial derivatives, offering investors an alternative avenue for potential returns.

Trends in the market: In Tunisia, the Commodities market is witnessing a trend towards increased participation from retail investors. This surge in retail interest can be attributed to a combination of factors such as easy access to trading platforms, a desire for portfolio diversification, and the potential for higher volatility and returns compared to traditional asset classes.

Local special circumstances: The geopolitical stability in Tunisia is a key factor influencing the Commodities market. As the country continues to strive for economic growth and stability, investors are looking at commodities as a way to hedge against potential risks and uncertainties in the market. Additionally, the regulatory environment in Tunisia is evolving to accommodate the growing interest in commodities trading, providing a conducive landscape for market development.

Underlying macroeconomic factors: The economic landscape in Tunisia plays a significant role in shaping the Commodities market. Factors such as inflation rates, currency fluctuations, and overall market sentiment can impact investor behavior towards commodities. As the Tunisian economy continues to evolve, investors are closely monitoring these macroeconomic indicators to make informed decisions in the commodities 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.