How big is the commodity market?
The nominal value in the Commodities market worldwide is forecasted to reach US$131,300.00bn in 2024. It is anticipated to exhibit an annual growth rate (CAGR 2024-2028) of 1.49%, leading to a projected total of US$139,300.00bn by 2028.
The nominal value in the Commodities market in India is forecasted to reach US$998.30bn by 2024. It is anticipated to demonstrate an annual growth rate (CAGR 2024-2028) of 1.00%, resulting in a projected total amount of US$1,039.00bn by 2028.
What About Crude Oil? Crude oil is by far the biggest commodity market, and oil prices were the talk of the town for much of 2022.
There are three major types of commodities; agriculture, energy, and metals. These three are differentiated in the means of accessing them. The means of accessing them is based on whether they are hard or soft.
- Vitol. The company engages in the extraction, trade, refining, storage, and transport of energy. ...
- Glencore. ...
- Cargill. ...
- Koch Industries. ...
- Archer Daniels Midland. ...
- Gunvor International. ...
- Trafigura. ...
- Mercuria.
Understanding market size
There are three elements to market size: the total addressable market, the target market and market share.
How Big Is the Oil Market? In 2022, the world produced an average of 80.75 million barrels of oil per day (including condensates). That puts annual crude oil production at around 29.5 billion barrels, with the market size exceeding $2 trillion at current prices.
The most traded commodity is crude oil.
Three of the most commonly traded commodities include oil, gold, and base metals.
1. Brent Crude Oil. Brent Crude oil is the most traded global commodity.
What are the 7 commodities?
Estimating the Role of Seven Commodities in Agriculture-Linked Deforestation: Oil Palm, Soy, Cattle, Wood Fiber, Cocoa, Coffee, and Rubber.
Commodity traders often act as speculators and attempt to make profits on small movements in commodity prices, gaining exposure through futures contracts. These traders go long if they believe prices are moving higher and short the commodity when they expect prices to fall.
The major U.S. commodity exchanges include ICE Futures U.S., the Chicago Board of Trade, the Chicago Mercantile Exchange (CME), and the New York Mercantile Exchange (NYMEX).
- Crude oil.
- Coffee.
- Natural gas.
- Gold.
- Wheat.
- Cotton.
- Corn.
- Sugar.
Who is the most successful day trader? There are a lot of successful traders but Jesse Livermore is often regarded as the most successful day trader. His success came from trading on the capital earned by himself and by trading on setups made by himself.
- George Soros. George Soros, aka "the man who broke the Bank of England," was born a Jew in Hungary in 1930, survived the Holocaust, and fled the country then. ...
- Jesse Livermore. ...
- William Delbert Gann. ...
- Paul Tudor Jones. ...
- Jim Rogers. ...
- Richard Dennis. ...
- John Paulson. ...
- Steven Cohen.
A market leader is a company with the largest market share in an industry that can often use its dominance to affect the competitive landscape and direction the market takes.
Economic market structures can be grouped into four categories: perfect competition, monopolistic competition, oligopoly, and monopoly.
The acronyms stand for the following terms: Total Addressable Market (TAM), which represents revenue opportunity at 100% market share, as if no competition exists. Serviceable Available Market (SAM), which represents the portion of the TAM that can be served by a company's products and services.
- Mexico—1.17 million b/d—11%
- China—0.98 million b/d—10%
- The Netherlands—0.86 million b/d—9%
- Canada—0.80 million b/d—8%
- Japan—0.62 million b/d—6%
How many years of oil is left?
World Oil Reserves
The world has proven reserves equivalent to 46.6 times its annual consumption levels. This means it has about 47 years of oil left (at current consumption levels and excluding unproven reserves).
The world holds around 1.56 trillion barrels in proved crude oil reserves as of 2022. This is excluding oil sands. Since 1960, there has been a marked increase in oil reserves, especially in the decade between 1960 and 1970.
| Commodity name | Symbol | Type |
|---|---|---|
| WTI crude | CL.1 | Energy |
| Brent crude | LCO.1 | Energy |
| Sugar | SB.1 | Agriculture |
| Silver | SI.1 | Precious metal |
Coffee is one of the most traded commodities in the world, with massive global consumption rates and rising demands for luxury coffee exports, such as the renowned Jamaican Blue Mountain beans.
California ranks first in the U.S. for agricultural cash receipts followed by Iowa, Texas, Nebraska and Illinois.
