GITNUX MARKETDATA REPORT 2024

Global Commodity Industry Statistics

Global Commodity Industry Statistics provide insights into the production, consumption, and price trends of various commodities on a global scale.

With sources from: bp.com, mordorintelligence.com, statista.com, research-finance.com and many more

Statistic 1

The US is the largest consumer of oil, accounting for about 20% of the global total.

Statistic 2

The global base metal mining market size was valued at USD 324.8 billion in 2018 and is expected to register a CAGR of 4.1% from 2019 to 2025.

Statistic 3

The global commodities trade logistics market size was estimated at USD 3.77 trillion in 2019 and is expected to reach USD 3.94 trillion in 2020.

Statistic 4

The commodity plastics market size was valued at $468.5 billion in 2019 and is projected to reach $585.6 billion by 2027.

Statistic 5

The agricultural commodity market in Africa is projected to grow at a CAGR of 6.5% between 2020 and 2025.

Statistic 6

The worldwide revenue with Commodity ATC basis in the Foods & Non-Alcoholic Beverages segment amounts to US$1,633,693m in 2021.

Statistic 7

Global natural gas consumption rose by 2% in 2019, less than half the rate of growth seen in 2018 (5.3%).

Statistic 8

The iron ore market was valued at USD 102.60 billion in 2017 and is expected to reach USD 155.1 billion by 2025.

Statistic 9

Gold mining production globally reached 3,292 metric tons in 2020.

Statistic 10

Global cotton production reached about 123.02 million bales in 2020.

Statistic 11

The size of the global liquid commodity space in terms of assets under management is estimated to be about $211.3 billion in 2019.

Statistic 12

The energy sector represented 58.9% of the overall global commodity market in 2020.

Statistic 13

The commodity food grains had a market of $258.33 billion globally in 2020.

Statistic 14

The global output of crude steel amounted to 1877.0 million metric tons in 2020.

Statistic 15

The automotive segment is expected to dominate the aluminum market throughout the forecast period, going up to 2026.

Statistic 16

The commodity market reached $20 trillion in total size globally in 2020.

Statistic 17

The world’s largest agriculture commodity, corn, had a global production volume of over 1.16 billion metric tons in 2020.

Statistic 18

Saudi Arabia is the largest exporter of crude oil with 15% of global total.

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In this post, we explore key statistics and insights pertaining to the global commodity industry. From the dominance of the US in oil consumption to the market sizes of various commodities, such as base metals, plastics, and agricultural goods, we delve into the data that shapes this dynamic sector. Join us as we analyze trends and developments that impact the worldwide trade and logistics of commodities.

Statistic 1

"The US is the largest consumer of oil, accounting for about 20% of the global total."

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Statistic 2

"The global base metal mining market size was valued at USD 324.8 billion in 2018 and is expected to register a CAGR of 4.1% from 2019 to 2025."

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Statistic 3

"The global commodities trade logistics market size was estimated at USD 3.77 trillion in 2019 and is expected to reach USD 3.94 trillion in 2020."

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Statistic 4

"The commodity plastics market size was valued at $468.5 billion in 2019 and is projected to reach $585.6 billion by 2027."

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Statistic 5

"The agricultural commodity market in Africa is projected to grow at a CAGR of 6.5% between 2020 and 2025."

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Statistic 6

"The worldwide revenue with Commodity ATC basis in the Foods & Non-Alcoholic Beverages segment amounts to US$1,633,693m in 2021."

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Statistic 7

"Global natural gas consumption rose by 2% in 2019, less than half the rate of growth seen in 2018 (5.3%)."

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Statistic 8

"The iron ore market was valued at USD 102.60 billion in 2017 and is expected to reach USD 155.1 billion by 2025."

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Statistic 9

"Gold mining production globally reached 3,292 metric tons in 2020."

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Statistic 10

"Global cotton production reached about 123.02 million bales in 2020."

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Statistic 11

"The size of the global liquid commodity space in terms of assets under management is estimated to be about $211.3 billion in 2019."

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Statistic 12

"The energy sector represented 58.9% of the overall global commodity market in 2020."

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Statistic 13

"The commodity food grains had a market of $258.33 billion globally in 2020."

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Statistic 14

"The global output of crude steel amounted to 1877.0 million metric tons in 2020."

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Statistic 15

"The automotive segment is expected to dominate the aluminum market throughout the forecast period, going up to 2026."

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Statistic 16

"The commodity market reached $20 trillion in total size globally in 2020."

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Statistic 17

"The world’s largest agriculture commodity, corn, had a global production volume of over 1.16 billion metric tons in 2020."

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Statistic 18

"Saudi Arabia is the largest exporter of crude oil with 15% of global total."

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Interpretation

In conclusion, the global commodity industry is a multifaceted and dynamic sector with significant implications for the global economy. The statistics presented highlight the major role played by various commodities such as oil, metals, plastics, agricultural products, and natural resources in driving economic growth and trade worldwide. The trends observed in consumption, production, market size, and trade logistics underscore the importance of monitoring and understanding commodity markets for investors, policymakers, and stakeholders alike. Moving forward, it will be crucial to keep abreast of market developments, regulatory changes, and emerging opportunities in the commodity industry to navigate the complexities and capitalize on the growth potential offered by this diverse sector.

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