Commodities - Uzbekistan

Uzbekistan

The nominal value in the Commodities market is projected to reach US$3,810.00m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 5.25% resulting in a projected total amount of US$4,920.00m 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$56,690.00bn in 2024).
In the Commodities market, the number of contracts is expected to amount to 539.10k by 2029.

Market

Region

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Currency

Analyst Opinion

The Commodities market in Uzbekistan has been experiencing a notable shift in recent years, reflecting changing customer preferences and local special circumstances.

Customer preferences: Customers in Uzbekistan are increasingly showing interest in diversifying their investment portfolios by including Commodities. This shift is driven by a growing awareness of the potential returns and risk management benefits that Commodities can offer in a volatile market environment.

Trends in the market: One of the key trends observed in the Uzbekistan Commodities market is the rising demand for derivative products that allow investors to speculate on price movements without owning the underlying assets. This trend is indicative of a maturing market where investors are seeking more sophisticated financial instruments to achieve their investment objectives.

Local special circumstances: Uzbekistan's geopolitical position and economic reforms have played a significant role in shaping the local Commodities market. The government's efforts to modernize the financial sector and attract foreign investment have created a more favorable environment for Commodities trading. Additionally, the country's strategic location along the Silk Road provides opportunities for leveraging Commodities as a tool for economic growth and development.

Underlying macroeconomic factors: The macroeconomic landscape in Uzbekistan, including factors such as inflation rates, interest rates, and currency exchange rates, influences the performance of the Commodities market. As the country continues to implement structural reforms and open up its economy, investors are increasingly turning to Commodities as a way to hedge against inflation and currency risks. Overall, the Commodities market in Uzbekistan is evolving in response to changing customer preferences, local special circumstances, and underlying macroeconomic factors. This transformation presents new opportunities for investors and reflects the country's commitment to creating a more dynamic and diversified financial market ecosystem.

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.