Commodities - Peru

Peru

The nominal value in the Commodities market of Peru is forecasted to reach US$383.90bn in 2024.
It is anticipated to demonstrate an annual growth rate (CAGR 2024-2028) of 3.20%, leading to a projected total amount of US$435.40bn by 2028.
The average price per contract in the Commodities market of Peru stands at US$0.54 in 2024.
When compared globally, the in the United States achieves the highest nominal value (US$45,690.00bn in 2024).
In the Commodities market of Peru, the number of contracts is expected to reach 720.70k by 2028.
Peru's Commodities market is experiencing a surge in trading volume, reflecting growing investor interest in diversifying portfolios with commodity-based financial instruments.

Market

Region

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Currency

Analyst Opinion

Over the past few years, the Commodities market in Peru has been experiencing significant growth and development. Customer preferences in Peru have been shifting towards investing in Commodities as a way to diversify their portfolios and hedge against inflation.

Investors are increasingly attracted to the potential high returns that Commodities can offer, especially in times of economic uncertainty. Trends in the market show a growing interest in Commodities trading among retail investors in Peru. This trend can be attributed to the increasing accessibility of trading platforms and the rising awareness of the benefits of including Commodities in investment strategies.

Additionally, the growing number of financial institutions offering Commodities trading services has also contributed to the market's expansion. Local special circumstances in Peru, such as the country's rich natural resources and mining industry, play a significant role in driving the development of the Commodities market. The abundance of natural resources in Peru not only fuels demand for Commodities trading but also provides opportunities for investors to capitalize on the country's resource-rich economy.

Underlying macroeconomic factors, such as Peru's stable economic growth and favorable regulatory environment, further support the growth of the Commodities market. The country's strong economic performance and government initiatives to attract foreign investment have created a conducive environment for the development of the Commodities market in Peru. Additionally, Peru's strategic location and trade agreements with other countries have positioned it 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.