Commodities - Turkmenistan

Turkmenistan

The nominal value in the Commodities market is projected to reach US$6,525.00m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 5.39% resulting in a projected total amount of US$8,482.00m by 2029.
The average price per contract in the Commodities market amounts to US$0.01 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 526.80k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Commodities market in Turkmenistan is showing interesting developments in recent years. Customer preferences in Turkmenistan are shifting towards more diverse investment options, including Commodities.

Investors are increasingly looking for alternative ways to diversify their portfolios and hedge against market volatility, driving the demand for Commodities in the country. Trends in the market indicate a growing interest in Commodities trading among both retail and institutional investors in Turkmenistan. The availability of online trading platforms and the ease of access to global markets have contributed to this trend, allowing investors to participate in Commodities trading from anywhere in the country.

Local special circumstances, such as the government's focus on economic diversification and the promotion of financial market development, have played a significant role in shaping the Commodities market in Turkmenistan. The government's efforts to attract foreign investment and improve market transparency have created a favorable environment for Commodities trading in the country. Underlying macroeconomic factors, including the stability of the local currency and the country's strategic location as a gateway between East and West, have also influenced the development of the Commodities market in Turkmenistan.

These factors have attracted foreign investors looking to capitalize on the country's potential as a key player in the global 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.