Commodities - Turkey

Turkey

The nominal value in the Commodities market is projected to reach US$16.92bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 1.11% resulting in a projected total amount of US$17.88bn 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 61.89m by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Commodities market in Turkey has been experiencing a notable shift in recent years. Customer preferences in Turkey are increasingly leaning towards diversifying investment portfolios with alternative assets such as Commodities, seeking higher returns and risk management strategies.

Trends in the market indicate a growing interest in Commodities trading among retail investors in Turkey, driven by advancements in technology and increased access to global markets. Local special circumstances, such as geopolitical tensions and currency fluctuations, have also influenced the Commodities market in Turkey, leading investors to seek safe-haven assets like Commodities to hedge against volatility. Underlying macroeconomic factors, including inflation rates and interest rate movements, play a significant role in shaping the direction of the Commodities market in Turkey, as investors look for ways to preserve capital and generate returns in uncertain economic environments.

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.