Gitnux/Report 2026

Commodities Industry Statistics

The World Bank forecasts the broad commodity-price index to rise 23% in 2026, explore the figures behind growth, companies and trends.
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12Sections
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November 11, 2026Updated
Commodities Industry Statistics
Samuel NorbergWritten by Samuel Norberg·Fact-checked by Maya Johansson
Published ·Updated
How this report is researched
01Editorial Scope

Before any source is gathered, an editor locks the question, what qualifies, and how the piece will be judged.

02Source Research

Search agents collect the source set and pull each data point out with its provenance attached.

Read our full methodology →

Search agents attach provenance to every extracted figure.

Next review: within 31 days

01 Industry overview

The commodities industry at a glance

Global commodities trade was worth $7.1 trillion annually in 2021–2023, with energy accounting for 44.5% and markets facing sharply higher 2026 prices amid geopolitical and supply shocks.

$7.1T[64]
Global commodity exports, 2021–2023
44.5%[64]
Energy share, 2021–2023
104.8M b/d[1]
Global oil demand, 2026
37.1%[64]
Asia-Oceania export share, 2021–2023
Market size
Global commodity exports averaged $7.1 trillion in 2021–2023, equal to 32.7% of world merchandise trade. Energy commodities were the largest category at $3.163 trillion, followed by agricultural commodities at $2.292 trillion.[64]
Forecast & CAGR
The World Bank forecasts the broad commodity-price index to rise 23% in 2026 and fall 7% in 2027. The 2026 outlook includes a 32% increase in energy prices, a 10% increase in food prices and a 25% increase in metals prices.[93]
Market share & regions
Asia and Oceania accounted for 37.1% of global commodity exports in 2021–2023, ahead of Europe at 33.7% and the Americas and Caribbean at 22.7%. Africa represented 1.8% of global commodity exports.[64]
Segmentation
Energy commodities represented 44.5% of global commodity exports in 2021–2023, while agricultural commodities represented approximately one-third, with $2.292 trillion in exports. The remaining major segments are mining products, precious metals and fertilizers.[64][94]
Key players & concentration
Commodity trading is concentrated among large integrated firms including Vitol, Trafigura, Glencore, Gunvor and Mercuria. These five firms were reported to trade about 22 million barrels of oil per day, or just over one-fifth of global oil demand, in 2026.[95][1]
Pricing
Brent crude is forecast to average $91 per barrel in 2026, compared with $69 in 2025. The World Bank also forecasts 2026 price increases of 32% for energy commodities, 25% for metals and 14% for fertilizers.[93]
Trends, drivers & challenges
The main 2026 drivers are Middle East supply disruption, reduced oil inventories, Black Sea grain risks, El Niño and demand from renewable energy, electric vehicles and data centers. Global oil supply is projected to fall 5.2% in 2026, while oil consumption is expected to decline 2.5%.[93]
Consumer behavior & competition
Oil demand growth is slowing structurally: global demand rose only 0.7% in 2025, well below the 2010–2019 average annual increase of 1.4 million barrels per day. In 2026, petrochemical feedstocks are expected to provide more than half of global oil-demand growth, while electrification restrains transport-fuel demand.[1]
M&A
Energy, natural-resources and chemicals M&A remained active in the first half of 2026, with buyer interest focused on shale positions, Gulf Coast connectivity and long-term natural-gas exposure. KPMG described buyers as disciplined because of commodity-price volatility and integration risks.[23]
Regulation
The EU Critical Raw Materials Act sets 2030 capacity benchmarks of at least 10% of EU consumption from extraction, 40% from processing and 25% from recycling. It also aims to ensure that no third country supplies more than 65% of EU annual consumption of a strategic raw material.[96][97]
Latest news
The World Bank’s October 28, 2026 outlook projects commodity prices to rise 23% in 2026, led by a 32% increase in energy prices. It warns that conflict-related supply disruption, depleted oil inventories and grain-shipment risks are increasing market vulnerability.[93]

02 Ranking

Top 10 Companies in the Commodities Industry

The leading companies in the commodities industry, ranked on market impact, performance, momentum, innovation and brand popularity.

Updated November 10, 2026 · Next review December 10, 2026

Verdict

BHP stands out for mining execution in multiple mineral lines because it reports a 39.47% operating margin, while Cargill focuses on agricultural supply chains since it records 6.5% revenue growth.

Ranked by Overall score · How we score ↓

Editor's top 3 picks

Where to start, by need.

  1. #1 Overall · Leader in mining and extraction

    BHP

    AU

    Ranked #1 · 9.4 · Mining and extraction

    Why we picked it: It focuses on iron ore, copper, coal and potash mining, backed by a 39.47% operating margin.

    See in ranking ↓Visit bhp.com ↗

  2. Leader in agricultural processing

    Cargill

    US

    Ranked #2 · 9.2 · Agricultural processing

    Why we picked it: It operates agricultural supply chains and processing across food, feed and bio-based commodities, with 6.5% revenue growth.

    See in ranking ↓Visit cargill.com ↗

  3. Leader in integrated energy and chemicals

    Saudi Aramco

    SA

    Ranked #3 · 9.1 · Integrated energy and chemicals

    Why we picked it: It runs an integrated oil, gas, refining and chemicals footprint, spanning the core chain from production to refining and chemicals.

    See in ranking ↓Visit aramco.com ↗

Pick 1 is the #1 company overall. Picks 2 and 3 are the highest-ranked companies in the top 5 that add a new segment.

Full ranking

Sort by
Top 10 companies in the commodities industry, 2026 – Gitnux ranking
#CompanyOverall ↓Company snapshot
1

BHP

Mining and extraction · AU

9.4
2

Cargill

Agricultural processing · US

9.2
3

Saudi Aramco

Integrated energy and chemicals · SA

9.1
4

Rio Tinto

Mining and extraction · GB

9.0
5

Shell

Fossil-fuel trading and refining · GB

8.9
6

Bunge

Oilseeds, grains, food and biofuels · CH

8.9
7

ExxonMobil

Oil, gas, refining and petrochemicals · US

8.9
8

Louis Dreyfus Company

Global agricultural commodities merchant · NL

8.7
9

Glencore

Diversified mining, metals and commodity marketing · CH

8.7
10

Trafigura

Global energy, metals and minerals trading · SG

8.4

How we score

  • Impact (30%): scale and weight in the market (revenue, market share, employees, market position).
  • Performance (20%): recent revenue growth and operating margin; an analyst assessment where a company does not publish them.
  • Momentum (20%): growth trajectory and future potential.
  • Innovation (15%): R&D intensity and how technologically advanced the company is.

Popularity (brand search demand, 15%) counts toward Overall but is not published as a column. Overall leaves out what is not known.

Scale Scores are shown on a 7–10 scale with one decimal; bars start at 7.0.

Cadence Recalculated when new figures are published; next review December 10, 2026.

Independence. Rankings are editorially independent. Scores, ranks, picks and the verdict follow the method above; no company can pay to change them.

Cite this ranking

APA

Samuel Norberg. (2026, November 10). Top 10 companies in the commodities industry. In Commodities Industry Statistics. Gitnux. https://gitnux.org/commodities-industry-statistics/#top-companies

report visual · Projection

U.S. crude oil production

U.S. crude oil production grew from 4,153,695 thousand barrels in 2020 to 4,986,606 thousand barrels in 2025.

4.2M thousand barrels
Start
+3.72%
CAGR · 5y
5M thousand barrels
Projected
20202025
source-verifiedeia.gov2025

04 Statistics

Technology & Innovation

AI use links to operational data and energy demand. Data centres used 1.5% of global electricity consumption in 2024 (415 terawatt-hours), alongside 17% electricity-demand growth in 2025.

AI in the commodities industry

  • 40% lower was the average concentration of AI professionals in utilities, oil, gas and mining than in selected comparison industries during 2018–2024.[1]
  • 13 exajoules of energy could be saved by 2035 through documented AI applications across the energy sector.[1]
  • 17% was the growth in global data-centre electricity demand during 2025, including facilities supporting energy-sector AI workloads.[1]
  • 3–10 percentage points of energy costs could be reduced through AI-enabled production-process optimisation in energy-intensive industries.[1]
  • 1.5% of global electricity consumption, equal to 415 terawatt-hours, was used by data centres in 2024.[1]
  • 45% of global data-centre electricity consumption came from the United States in 2024, followed by China at 25% and Europe at 15%.[1]

Automation in the commodities industry

  • 3,832 autonomous haul trucks formed the global mining fleet in July 2025, an 84% year-on-year increase.[2]
  • More than 1,000 active autonomous mining trucks operated across 19 mine sites in EACON’s fleet by December 2024.[3]
  • 80% of mine owners’ monitoring data is expected to be collected automatically within two years of the 2024 survey.[4]
  • 82% of mine owners said projects could be executed more cost-effectively through automation.[4]
  • 39% of respondents to the 2024 Mining Magazine survey had implemented AI solutions in mining operations.[5]
  • 44% of mining service providers said projects could be executed more cost-effectively through automation.[4]

Digital Transformation in the financial services sector (sector benchmark)

  • 26% of financial services firms reported using agentic AI in 2026, according to a global digital-transformation study.[6]
  • 43% of financial services firms said they will need an entirely new technology stack to succeed in the age of AI.[6]
  • 27% of financial services firms reported financial benefits from AI in 2026, up from 14% in 2025.[6]
  • 84% of financial services firms said integrating front-, middle- and back-office systems into one platform is important in 2026.[6]
  • 80% of financial services firms reported active AI use in 2026, up from 31% in 2025.[6]

Technology Adoption in the financial services sector (sector benchmark)

  • 54% of surveyed financial services companies had deployed AI initiatives by January 2025, up from 40% one year earlier.[7]
  • 35% of financial institutions adopted or improved generative-AI capabilities during the 12 months covered by the 2024 survey.[8]
  • 61% of financial institutions recently adopted AI or improved their AI capabilities, based on a 2024 survey across 11 markets.[8]
  • 59% of finance leaders reported using AI in their finance function in 2025, according to Gartner’s survey of 183 senior finance leaders.[9]
  • About one-third of financial services companies reported using generative AI by January 2025, compared with 21% a year earlier.[7]

Cloud Computing in the financial services sector (sector benchmark)

  • 91% of financial organizations had at least one cloud platform in 2023, up from 37% in 2020.[10]
  • 87% of financial services firms increased cloud investment during the two years preceding LSEG’s 2025 global survey.[11]
  • 82% of financial services firms used a hybrid- or multi-cloud strategy in LSEG’s 2025 global survey.[11]
  • 33% of financial services firms were highly satisfied with cloud-related reductions in operational costs in Capgemini’s 2024 survey.[10]
  • 43% of banking and financial services organizations were moving toward a cloud-first analytics approach in the WNS-Forrester survey.[12]

Big Data in the financial services sector (sector benchmark)

  • 43% of financial services firms had adopted customer-data platforms at least partially or were scaling them, based on Capgemini’s 2024 survey.[10]
  • 37% of surveyed bank marketers said their bank was on the way to using data and analytics to support strategic goals in 2024.[13]
  • 18% of finance firms adopted big-data analytics in the OECD’s cross-country comparison; the European data refer to 2019.[14]

05 Statistics

Data & Analytics

Commodity analysis still leans on spreadsheets. In surveyed commodity companies, 66% mainly used spreadsheets rather than business-intelligence tools for commodity-data analysis.

Business intelligence in the commodities industry

  • 20.1% of Canadian mining and quarrying firms used business-intelligence technologies in 2022.[15]
  • 66% of surveyed commodity companies mainly used spreadsheets rather than business-intelligence tools for commodity-data analysis.[16]
  • 42.0% of Canadian oil and gas extraction firms used business-intelligence technologies in 2022.[15]
  • 38.4% was the 2021–2025 compound annual growth in Power BI skill demand in Canadian mining support services.[15]
  • 26.5% of Canadian support-service firms used business-intelligence tools in 2022.[15]
  • 6% of surveyed commodity companies mainly used ERP systems for commodity-data analysis.[16]

Data analytics in the commodities industry

  • 47% of surveyed energy and commodity traders cited better performance for complex scenarios and real-time risk calculations as a software-switching motivation in 2025.[17]
  • 49% of surveyed energy and commodity traders cited support for different models, analytics or tradable instruments as a software-switching motivation in 2025.[17]
  • 34% of surveyed U.S. oil and gas executives using or planning AI selected supply-chain optimization in 2024.[18]
  • 14% of surveyed U.S. oil and gas executives using or planning AI selected accounting in 2024.[18]
  • 64% of surveyed U.S. oil and gas executives using or planning AI selected business analysis or predictive analytics as an application in 2024.[18]
  • 24% of surveyed U.S. oil and gas executives using or planning AI selected drilling and completion in 2024.[18]

Data Quality in the financial services sector (sector benchmark)

  • Across U.S. banking and capital markets, 86% of respondents named data access and usability as a top concern in 2024.[19]
  • Across global financial services, 36% of organizations rated their data excellent for quantity and completeness in 2024.[20]
  • Across significant European banking institutions, 32% did not apply data-quality-management principles to end-user computing in 2023.[21]
  • Across global financial services, 34% of organizations rated their data excellent for accuracy and integrity in 2024.[20]
  • Across U.S. banking and capital markets, 94% of respondents named data accuracy and reliability as a priority in 2024.[19]
  • Across banks supervised by the European Central Bank, 28% reported that all data used by critical functions came from golden sources in 2023.[21]

Data Governance in the financial services sector (sector benchmark)

  • Across 35 surveyed banks, insurers, and financial-services firms in 38 countries, 54% had adopted a semantic layer for organization-wide data governance in 2025.[22]
  • Across global financial services, 54% of companies rated data governance at one of the two highest maturity levels in 2024.[23]
  • Across financial-services organizations surveyed globally, 57.1% identified BI-content testing as the top future investment in analytics governance in 2025.[24]
  • Across financial-services organizations surveyed globally, 82.9% had implemented governance policies specifically applying to business intelligence and analytics in 2025.[24]
  • Across financial-services organizations surveyed globally, 43.7% lacked a standardized certification process for analytics content in 2025.[24]

KPIs in the commodities industry

  • 32% of surveyed energy and commodity traders expected new market entrants to increase by more than 50% over the following 24 months in 2025.[17]
  • 47% of surveyed oil and gas executives using or planning AI expected cost reductions in 2024.[18]
  • 21% of surveyed energy and commodity traders reported a balanced focus between profits and hedging in 2025.[17]
  • 24% of surveyed energy and commodity firms with slightly decreased budgets managed work through spreadsheets in 2025.[17]
  • 87% of surveyed energy and commodity firms with significantly increased budgets managed work through spreadsheets in 2025.[17]
  • 64% of surveyed energy and commodity firms with slightly increased budgets managed work through spreadsheets in 2025.[17]

06 Statistics

Strategy & Growth

Capital allocation shows up in project and production metrics. Rio Tinto invested $438 million in the Winu copper-gold project through June 2024.

Growth in the commodities industry

  • $438 million was Rio Tinto’s cumulative investment in the Winu copper-gold project in Western Australia through June 2024.[25]
  • More than 1 million tonnes per year is Anglo American’s potential copper production pathway in the early 2030s.[26]
  • 3% is Rio Tinto’s targeted annual compound growth rate for copper-equivalent production from 2024 to 2033 globally.[25]
  • 61% was the year-on-year copper production increase at Rio Tinto’s Oyu Tolgoi operation in Mongolia in 2025.[25]
  • 300,000 tonnes per year is the expected average copper production from Anglo American’s Quellaveco mine during its first decade.[26]
  • 28% was BHP’s copper production growth over the three years to fiscal 2025 globally.[27]

Differentiation in the commodities industry

  • More than 65% was the weighted-average iron content of Anglo American’s premium iron ore products sold in 2024.[26]
  • 43% was BHP’s underlying return on capital employed for Western Australia Iron Ore in fiscal 2025 under the company’s asset-level reporting.[27]
  • 49% was Rio Tinto’s underlying EBITDA margin for its copper product group in 2024.[25]
  • 27% was Rio Tinto’s reduction in copper C1 net unit costs in 2024 compared with 2023.[25]
  • $7.4 billion was Rio Tinto’s 2025 underlying EBITDA from aluminium and lithium, highlighting diversification into energy-transition materials.[25]
  • 30% of Anglo American’s 2024 production came from copper, while copper contributed 26% of group revenue.[26]

Mergers and acquisitions in the commodities industry

  • $143 billion was Asia’s energy and materials M&A deal value in 2025, approximately 3% below 2024.[28]
  • 15% was the increase in global energy and materials M&A activity in 2025 compared with 2024.[28]
  • 180 mining M&A transactions worth $89 billion were recorded globally in 2025 for transactions above $25 million.[29]
  • 65% of global energy and materials M&A deal value came from the Americas in 2025.[28]
  • 9 energy-related transactions accounted for the largest commodity-sector subcategory in Switzerland in 2025.[30]
  • $55.2 billion was the value of mining M&A in 2025 in data covering transactions reported by Mergermarket.[31]

Strategic partnerships in the commodities industry

  • 40 agreements containing heavy-industry decarbonization or circularity provisions were recorded by the IISD tracker from January 2025 through September 2026.[32]
  • 4 of 5 European Union agreements with available texts included heavy-industry decarbonization provisions.[32]
  • 7 of 19 European Union agreements with available texts included emissions-reduction provisions.[32]
  • $195 million was the upfront component of Sumitomo Metal Mining’s Winu project consideration.[25]
  • $399 million was Sumitomo Metal Mining’s agreed consideration for its 30% share of the Winu project in Australia.[25]
  • 10 million tonnes per year was the initial processing capacity Rio Tinto planned for the Winu project in Western Australia.[25]

07 Statistics

People & Workforce

Workforce change reflects industry-level hiring and reskilling needs. Energy-sector employment reached 76 million jobs in 2024 after 2.2% growth.

Hiring in the commodities industry

  • 5.3% was the increase in U.S. fuels-sector construction, installation and repair occupations from 2024 to 2025, equal to 7,600 workers.[33]
  • 7,373 employees were hired by Zijin Mining during the 2024 reporting period globally.[34]
  • 4% was the increase in U.S. fuels-sector mining and extraction occupations from 2024 to 2025, equal to 6,900 additional workers.[33]
  • 2.2% was global energy employment growth in 2024, bringing energy-sector employment to 76 million jobs.[1]
  • 20% of Freeport-McMoRan’s new full-time hires were women globally in 2023.[34]

Employee retention in the commodities industry

  • 3.29% was the average employee turnover rate at Sibanye-Stillwater’s Reldan operations in 2024.[35]
  • 10% was Freeport-McMoRan’s global full-time employee turnover rate in 2023.[34]
  • 16.9% was Endeavour Silver’s employee turnover rate in 2024.[34]
  • 17.4% was Sibanye-Stillwater’s 2024 turnover rate among miners in its U.S. region.[35]
  • 15.6% was Sibanye-Stillwater’s 2024 turnover rate at its South African platinum-group-metals operations.[35]

Remote Work in the financial services sector (sector benchmark)

  • 52.5% of workers in U.S. financial activities teleworked in June 2026, according to the Bureau of Labor Statistics.[36]
  • 68% of U.S. financial services workers said they would consider seeking new employment if remote and hybrid flexibility were reduced in 2023.[37]
  • 87% of U.S. financial services employees said remote work helped them balance home and work responsibilities in 2025.[23]
  • Across U.S. financial services, 82% of companies offered some form of work-location flexibility in 2025.[38]

Hybrid Work in the financial services sector (sector benchmark)

  • 28.7% of U.S. finance and insurance workers were in hybrid work arrangements as of September 24, 2024.[39]
  • 2.58 days was the average weekly in-office requirement among financial services companies using structured hybrid work in 2024.[40]
  • 52% of financial services companies used a structured hybrid model in 2024, up from 41% in 2023, according to a survey of 777 companies.[40]
  • 82% of U.S. financial services firms offered some form of work-location flexibility in July 2025.[38]
  • 52% of financial services companies used a structured hybrid model in early 2024, up from 41% in March 2023.[40]

Upskilling in the commodities industry

  • 91% of power and utilities executives said organizational reskilling ability would determine success over the next five years in the 2024 survey.[41]
  • 27% of global energy companies currently retrained and reskilled existing employees for anticipated digital-technology demand in a 2024 survey.[41]
  • 32 new course series were launched on Zijin Mining’s iLearning platform during the 2024 reporting period.[34]
  • 18,000 users accessed Zijin Mining’s iLearning platform during the 2024 reporting period.[34]
  • 49 hours was Endeavour Silver’s average annual training per worker in 2024.[34]

Employee Engagement in the financial services sector (sector benchmark)

  • 16% of employees worldwide were actively disengaged at work in 2025.[42]
  • 31% of employees in the United States and Canada were engaged at work in 2025.[42]
  • 20% of employees worldwide were engaged at work in 2025, according to Gallup’s World Poll.[42]
  • 12% of employees in Europe were engaged at work in 2025.[42]

DEI in the commodities industry

  • 28% of MP Materials’ board members were women as of December 31, 2024.[43]
  • 20% of MP Materials’ managerial or supervisory positions were occupied by women as of December 31, 2024.[43]

08 Statistics

Customer & Sales

Commercial performance is tracked through collections, payment behavior, and buyer comfort with digital purchasing. About 75% of energy-and-materials B2B buyers were comfortable purchasing above $50,000 through digital self-service or remote interactions in 2024.

Customer experience in the commodities industry

  • 74 points was the U.S. investor-owned-electric-utility satisfaction score in 2023–2024, up 3%.[44]
  • 78 points was the U.S. cooperative-energy-utility satisfaction score in 2023–2024, up 5%.[44]
  • 75 points was the U.S. energy-utilities customer-satisfaction score in 2023–2024, up 4% year over year.[44]
  • 80 points was the U.S. energy-utilities score for website satisfaction in 2023–2024.[44]
  • 82 points was the U.S. energy-utilities score for mobile-app quality in 2023–2024.[44]

Customer retention in the commodities industry

  • 60% of sampled mining and resources companies with slower customer collections also held more inventory in FY2024.[45]
  • 60% of sampled mining and resources companies with higher customer-collection days also extended supplier-payment cycles in FY2024.[45]
  • 3.4% was the largest individual external customer’s share of Trafigura’s FY2024 metals-and-minerals turnover.[46]
  • 26% of Trafigura’s FY2024 energy-business revenue came from its top 10 customers.[46]
  • 74 points was LANXESS’s customer-retention index in its early-2024 survey, below its target of more than 75.[47]

Customer acquisition in the commodities industry

  • 11% of surveyed mining-and-metals companies planned new product and platform development, including customer portals, over the following one to two years.[48]
  • 30% of surveyed energy-and-materials B2B suppliers’ sales came from e-commerce in 2024.[49]
  • 186 metals-and-mining clients participated in CRU’s annual outlook survey for 2024.[50]
  • 70% of surveyed energy-and-materials B2B suppliers were increasing e-commerce investment in 2024.[49]
  • 75% of surveyed energy-and-materials B2B buyers were comfortable making purchases above $50,000 through digital self-service or remote interactions in 2024.[49]

Customer loyalty in the commodities industry

  • 57 was TOMRA Mining’s Net Promoter Score in its first-quarter 2024 customer survey.[51]
  • 71% of global public-utility customers reported trust in Qualtrics XM Institute’s 2025 measure.[52]
  • 39% of U.S. electric-utility customers surveyed in 2024 said they were financially worse off than in 2023.[53]
  • 723 points was the 2024 U.S. electric-utility customer-trust score.[53]
  • 695 points was the 2024 U.S. electric-utility Brand Appeal Index score.[53]

Lead generation in the commodities industry

  • 4.3% was the 2025 email lead rate for the mining-and-metals industry.[54]
  • 4.0% was the 2025 email lead rate for the oil-and-energy industry.[54]

09 Statistics

Marketing & Brand

Sector marketing spend is visible in operating-expenditure disclosures. Shell’s marketing operating expenditure was $10.7 billion in 2024.

Marketing in the commodities industry

  • $10.3 billion was Shell’s 2022 operating expenditure for its Marketing segment, according to its energy-transition expenditure table.[43]
  • $10.7 billion was Shell’s 2024 operating expenditure for its Marketing segment, including fuel and hydrocarbon sales activities.[43]
  • $285 million was Antero Resources’ marketing expense in 2023, including third-party commodity purchases and firm transportation costs.[43]
  • $9.1 million was the advertising expense reported for the fiscal year ended 2024 by the U.S. company filing the cited mining-related annual report.[43]
  • $245 million was Antero Resources’ marketing expense in 2024, down 14% from 2023, covering purchased natural gas, NGLs, oil and transportation costs.[43]

Digital marketing in the commodities industry

  • 13% of U.S. energy and resource companies were active on LinkedIn by posting at least one job requirement.[55]
  • 94% of U.S. energy and resource companies in the study used LinkedIn, making it the most common major social platform for the sector.[55]
  • 19% of U.S. energy and resource companies actively used YouTube by posting at least one video per month.[55]
  • 96% of U.S. energy and resource companies maintained an email contact channel on their official websites.[55]
  • 26% of U.S. energy and resource companies actively used Twitter by posting at least once per month.[55]

Branding in the commodities industry

  • 86.7% of surveyed Chinese consumers said they were willing to purchase the Qianjiangyuan brand’s eco-products in the future.[56]
  • 21.17 percentage points was the estimated average difference between producer and consumer willingness-to-pay premiums for produce in a meta-analysis.[56]
  • More than 80% of surveyed U.S. food consumers had a positive perception of the farmer-owned label.[57]
  • 16.67% of surveyed Chinese consumers had previously purchased eco-agricultural products carrying the Qianjiangyuan brand.[56]
  • 77.60% of surveyed Chinese consumers were willing to pay more for carbon-labeled agricultural products.[57]

Social media in the commodities industry

  • 12.79% was the average LinkedIn engagement rate for oil, gas and mining accounts.[58]
  • 183 comments per post was Shell’s average Instagram result in the cited European oil-and-gas study.[56]
  • 572 likes per post was Shell’s average Instagram result in the cited European oil-and-gas study.[56]
  • 2.29 emojis per post was the average for oil, gas and mining LinkedIn accounts.[58]
  • 4.03% was the average share of employees sharing content across the global oil-and-energy sector.[59]

Influencer Marketing in the financial services sector (sector benchmark)

  • 5% of financial-services marketers reported dedicated but shrinking budgets for creator or influencer marketing in 2026.[60]
  • 23% of financial-services marketers reported dedicated but flat budgets for creator or influencer marketing in 2026.[60]
  • 37% of banking executives in a survey of 102 finance respondents recognized influencer marketing as a potent tool for authentic consumer connections in 2023.[61]
  • 60% of financial-services marketers reported dedicated and growing budgets for creator or influencer marketing in 2026.[60]
  • 7% of financial-services marketers reported folding creator or influencer marketing into other channels rather than maintaining a dedicated budget in 2026.[60]

10 Statistics

Operations & Execution

Operational targets and productivity measures define execution. Rio Tinto set a Safe Production System target of 5 million tonnes for 2024 and achieved it.

Process optimization in the commodities industry

  • 6.34% of global steel-industry revenue was invested in new processes and products in 2021.[62]
  • 0.2% was the 2024 labor-productivity growth rate for U.S. oil and gas extraction.[36]
  • 4.9% was the 2024 labor-productivity growth rate for the U.S. mining industry.[36]
  • 5 million tonnes was Rio Tinto’s 2024 Safe Production System target, which it achieved.[25]
  • 5.7% was the 2024 decline in labor productivity for U.S. mining excluding oil and gas.[36]

Operational efficiency in the commodities industry

  • 6.4% was the 2024 output growth rate for U.S. oil and gas extraction.[36]
  • 18.5% was the 2024 labor-productivity increase for U.S. mining support activities.[36]
  • 10.9% was the 2024 output growth rate for U.S. metal-ore mining.[36]
  • 4.9% was U.S. mining’s labor-productivity growth in 2024, while hours worked declined 4.2%.[36]
  • More than US$20 billion was BHP’s net operating cash flow in fiscal 2024.[27]

Quality management in the commodities industry

  • 98.15% was the global steel industry’s material-efficiency rate in 2023.[62]
  • 0.85 lost-time injuries per million hours worked was the global steel-industry rate in 2021.[62]
  • 95.62% of reporting global steel operations had an environmental-management system in 2021.[62]
  • 94.81% of reporting global steel operations had an environmental-management system in 2023.[62]
  • 97.19% of reporting global steel operations had an environmental-management system in 2022.[62]

Supply chain in the commodities industry

  • Approximately 615,000 million ton-miles were generated by U.S. natural-gas and other fossil-product transport in 2024.[63]
  • US$7.1 trillion was the average annual value of global commodity exports in 2021–2023.[64]
  • 44.5% was energy commodities’ share of global commodity exports in 2021–2023.[64]
  • 32.7% was commodities’ share of global merchandise trade in 2021–2023.[64]
  • US$3.163 trillion was the average annual value of global energy-commodity exports in 2021–2023.[64]

Outsourcing / Offshoring in the financial services sector (sector benchmark)

  • Among significant European banks, outsourcing services accounted for 7.2% of administrative expenses at year-end 2023, up from 6.8%.[21]
  • Across surveyed finance organizations, 17% were evaluating nearshore locations for future operations in 2026, compared with 13% evaluating offshore locations.[65]
  • Among significant European banks, 67% of outsourcing contracts were sub-outsourced to external service providers in the 2024 analysis.[21]
  • Among U.S. banks surveyed, 57% had considered outsourcing information technology departments in 2024, the highest share among listed departments.[66]
  • Among significant European banks, 27% of critical ICT contracts were outsourced to external providers located outside the European Union in the 2024 analysis.[21]

11 Statistics

Finance & Pricing

Pricing volatility shows in realized and forecast unit-cost metrics. Brent crude is forecast to average $91 per barrel in 2026, up from $69 in 2025.

Pricing strategy in the commodities industry

  • $79.63 per barrel was BP’s 2024 average liquids realization outside the United States and Europe.[67]
  • $84 per wet metric tonne was Anglo American’s 2024 realized Minas-Rio iron-ore price.[26]
  • $70.41 per barrel was BP’s 2024 average liquids realization across its global portfolio.[67]
  • 416 US cents per pound was Anglo American’s 2024 realized copper price in Chile.[26]
  • $92 per wet metric tonne was Anglo American’s 2024 realized Kumba export iron-ore price.[26]

Cost reduction in the commodities industry

  • $50 per tonne was Australia’s average coal production cost in 2025, down from $54 in 2024.[1]
  • $505 per pound was Anglo American’s 2024 forecast nickel unit cost, versus $541 in 2023.[26]
  • $920 per PGM ounce was Anglo American’s 2024 forecast unit cost for platinum-group metals.[26]
  • $38 per tonne was Anglo American’s 2024 forecast Kumba iron-ore unit cost.[26]
  • $37 per tonne was Anglo American’s 2024 forecast iron-ore FOB unit cost.[26]

Profitability in the commodities industry

  • $4.090 billion was Glencore’s 2024 adjusted EBIT from metals and minerals.[68]
  • $3.4 billion was Antofagasta’s 2024 EBITDA, with a 52% EBITDA margin.[69]
  • $2.8 billion was Rio Tinto’s 2024 free cash flow.[25]
  • $3.552 billion was Glencore’s 2024 adjusted EBIT from energy and steelmaking coal.[68]
  • $10.567 billion was Glencore’s 2024 industrial-activities adjusted EBITDA.[68]

Financial planning in the commodities industry

  • $20.9 billion was Shell’s 2025 cash capital expenditure, compared with $21.1 billion in 2024.[70]
  • $54.7 billion was Shell’s 2024 cash flow from operations in its full-year results release.[70]
  • $39.5 billion was Shell’s 2024 free cash flow in its full-year results release.[70]
  • $7.890 billion was Shell’s 2024 cash capital expenditure under its annual-report key metrics.[70]
  • $21.244 billion was Shell’s 2024 cash flow from operating activities under its annual-report key metrics.[70]

12 Statistics

Product & Service

Downstream production and recycling rates shape long-run material availability. The International Energy Agency projects a 20% average recycling rate for key energy minerals by 2040 under the stated-policies scenario.

Product development in the commodities industry

  • 20% is the projected average recycling rate for key energy minerals by 2040 under the International Energy Agency’s stated-policies scenario, compared with around 10% today.[1]
  • $487.7 million was AGCO’s research and development spend in 2025, supporting agricultural machinery and precision-agriculture products worldwide.[43]
  • 31.9 million tonnes of cold-rolled sheets and coils were exported by 62 reporting countries in 2024.[62]
  • 23.8 million tonnes of wire rod were exported by 62 reporting countries in 2024.[62]
  • 37.2 million tonnes of steel tubes and fittings were exported by 62 reporting countries in 2024.[62]

Product lifecycle in the commodities industry

  • $950 billion was the estimated value of mineral materials produced from U.S. domestic raw and recycled materials in 2025.[71]
  • 900,000 people worked in U.S. chemicals and allied products connected to the nonfuel minerals sector in 2025.[71]
  • 1.82 million people were employed in U.S. nonfuel mining and related sectors in 2025, excluding coal mining.[71]
  • 150,000 people worked in U.S. nonfuel mining in 2025.[71]
  • 57% was the capacity utilization rate of U.S. metal mining in 2025.[71]

After-sales in the commodities industry

  • 24% of Epiroc’s 2025 revenue came from tools and attachments used in mining and construction applications.[72]
  • 42% of Epiroc’s 2025 revenue came from service activities, including service agreements, audits, remanufacturing and training.[72]
  • 41.828 billion Swedish kronor was Epiroc’s aftermarket revenue in 2024.[72]
  • 40.68 billion Swedish kronor was Epiroc’s aftermarket revenue in 2025 from mining and construction equipment support, parts and services.[72]
  • 33.268 billion Swedish kronor was Epiroc’s aftermarket revenue in 2022.[72]

Value proposition in the commodities industry

  • 135.2 million tonnes was apparent steel use in the European Union in 2025.[62]
  • 36% of U.S. industrial-minerals production value came from crushed stone in 2025.[71]
  • 39.3 million tonnes was apparent steel use in Türkiye in 2025.[62]
  • $73.7 billion was the estimated value of U.S. industrial-mineral production in 2025.[71]
  • 92% of total U.S. nonfuel-mineral production value came from 14 commodities each valued above $1 billion in 2025.[71]

13 Statistics

Sustainability & Ethics

Sustainability disclosures vary across basic materials and energy. About 27% of basic-materials companies globally disclosed sustainability information in 2024.

Sustainability in the commodities industry

  • 1.5 billion tonnes of materials were imported into the EU economy in 2024.[73]
  • More than 2% of global agricultural land was certified organic in 2023.[74]
  • Around half of 136 assessed agri-food companies had set a zero-deforestation target.[75]
  • 98.9 million hectares were covered by organic agriculture worldwide in 2023.[74]
  • 5.2 billion tonnes of materials were extracted domestically for the EU economy in 2024.[73]

ESG in the commodities industry

  • 27% of basic-materials companies globally disclosed sustainability information in 2024.[14]
  • 7% is the estimated share of global greenhouse-gas emissions attributable to mining activities.[76]
  • 83% of diversified metals companies had high exposure to community-relations ESG issues.[77]
  • 42% of energy companies globally disclosed sustainability information in 2024.[14]
  • 65% of United States basic-materials companies disclosed sustainability information in 2024.[14]

Ethics in the commodities industry

  • 12,000 employees worked for commodities trader Trafigura, according to reporting on its Angola bribery case.[78]
  • 1.4 was the average ESG risk-rating score for business ethics in diversified metals mining.[77]
  • 45 officials were accused of corruption in fisheries over the two decades covered by the investigation.[78]
  • 83% of diversified metals companies had high exposure to community-relations issues, including human and Indigenous rights.[77]
  • 131 articles were reviewed in a multidisciplinary study of responsible business conduct in commodity trading.[79]

Circular economy in the commodities industry

  • Metals represented less than 15% of the OECD area’s material footprint in the latest reported period.[14]
  • 1.5 billion tonnes of materials entered the EU through imports in 2024.[73]
  • 4.6 billion tonnes was the EU’s material use in 2024.[73]
  • 8 agricultural commodities were covered by the sustainability-standards analysis in 2025.[74]
  • 5.2 billion tonnes of materials were extracted domestically in the EU in 2024.[73]

Carbon footprint in the commodities industry

  • 1,700 facilities contributed data to the ICMM’s 2024 mining-and-metals emissions dataset.[80]
  • 1% of global greenhouse-gas emissions came from mining’s direct carbon-dioxide emissions in 2024.[76]
  • 3% of global greenhouse-gas emissions came from mining in the ICMM’s 2024 scope-1-and-scope-2 estimate.[80]
  • 14 commodities were covered by the ICMM’s 2024 mining-and-metals emissions dataset.[80]
  • 6% of global greenhouse-gas emissions from mining were largely associated with fugitive methane in 2024.[76]

15 Statistics

Globalization & Expansion

Trade concentration remains high across supply chains. Asia and Oceania accounted for 37.1% of global commodity exports in 2021–2023.

Globalization in the commodities industry

  • 15.5% was the increase in global commodity exports between 2012–2014 and 2021–2023, compared with 25.6% growth in merchandise trade.[64]
  • 77% was the average combined share of the top three mining countries for key energy minerals in 2024.[1]
  • 94% of global sintered permanent-magnet production is now supplied by China, compared with about 50% two decades earlier.[1]
  • $33 trillion in global goods and services trade was estimated for 2024, including approximately $25 trillion in merchandise trade.[64]
  • 86% was the average combined share of the top three refining nations for key energy minerals in 2024.[1]

Supplier management in the commodities industry

  • 10% was the increase in the combined top-three share of refined nickel production between 2020 and 2024, rising from 60% to 80%.[1]
  • 70% of the global supply growth for refined copper and lithium from 2020 to 2024 came from China.[1]
  • 80% of the global supply growth for refined copper and lithium from 2020 to 2024 came from China, at the upper end of the IEA estimate.[1]
  • 90% of refined supply growth for nickel, cobalt, graphite and rare earths from 2020 to 2024 came from the leading single supplier for each mineral.[1]
  • 45% of global nickel refining was located in Indonesia in 2024, while Indonesian companies owned only 10%.[1]

Stakeholder management in the commodities industry

  • 4 of 75 Asia-headquartered metals and mining companies demonstrated all four highlighted community-engagement components in 2024.[7]
  • 13% of the 238 assessed metals and mining companies reported all four highlighted components of a comprehensive engagement approach in 2024.[7]
  • 25% of 238 assessed metals and mining companies had Indigenous-engagement policies that included free, prior and informed consent in 2024.[7]
  • 46% of 238 assessed metals and mining companies had a corporate approach to engagement with Indigenous peoples in 2024.[7]
  • 63% of 238 assessed metals and mining companies had a community consultation policy or approach in 2024.[7]

Distribution channels in the commodities industry

  • Almost 15% of global refined copper production was owned by Japanese companies in 2024 despite limited domestic production.[1]
  • 6% was the decline in global natural-resources trade in 2024.[64]
  • 15% of global lithium-chemical production was owned by United States companies in 2024, while US geographic production was about 1%.[1]
  • 41% of global goods trade consisted of intermediate goods in 2025, highlighting the importance of cross-border commodity inputs and industrial supply channels.[64]
  • 1% of global refined rare-earth production came from United States-linked refineries in the United States and Estonia in 2024.[1]

Key questions about the commodities industry

How big is global commodities trade in the latest multi-year window?
Global commodities trade averaged $7.1 trillion annually in 2021–2023, with energy at 44.5% of exports.
What do the 2026 price outlook figures say about growth and timing?
The World Bank forecasts a 23% rise in the broad commodity-price index in 2026, driven by a 32% increase in energy prices.
Which companies lead the commodities industry?
BHP stands out for mining execution in multiple mineral lines because it reports a 39.47% operating margin, while Cargill focuses on agricultural supply chains since it records 6.5% revenue growth.
Where is technology adoption shifting in commodities operations?
Data-centre electricity demand grew 17% during 2025, including facilities supporting energy-sector AI workloads, and 66% of commodity firms mainly use spreadsheets for commodity-data analysis.
How is the market structured across regions and export shares?
Asia and Oceania accounted for 37.1% of global commodity exports in 2021–2023, ahead of Europe at 33.7% and the Americas and Caribbean at 22.7%.
What are the key 2026 disruptions and supply-demand signals for energy markets?
Global oil supply is projected to fall 5.2% in 2026 while oil consumption is expected to decline 2.5%, with drivers including Middle East supply disruption and reduced oil inventories.
Reference

Cite This Report

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APA
Samuel Norberg. (2026, November 10). Commodities Industry Statistics. Gitnux. https://gitnux.org/commodities-industry-statistics
MLA
Samuel Norberg. "Commodities Industry Statistics." Gitnux, 10 Nov 2026, https://gitnux.org/commodities-industry-statistics.
Chicago
Samuel Norberg. 2026. "Commodities Industry Statistics." Gitnux. https://gitnux.org/commodities-industry-statistics.

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