The Latest Global Commodity Industry Statistics Explained
The US is the largest consumer of oil, accounting for about 20% of the global total.
The statistic that the US is the largest consumer of oil, accounting for about 20% of the global total, highlights the significant role that the US plays in global oil consumption. This statistic signifies the substantial energy demands within the US economy, driven by various sectors such as transportation, industry, and residential consumption. Being the largest consumer also implies that the US has a considerable influence on global oil markets, affecting prices, production levels, and overall supply and demand dynamics. Additionally, this statistic underscores the importance of energy conservation and diversification efforts within the US to reduce dependency on oil and mitigate environmental impacts associated with its consumption.
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.
The statistic presented indicates that the global base metal mining market was worth $324.8 billion in 2018 and is projected to experience a compound annual growth rate (CAGR) of 4.1% from 2019 to 2025. This suggests that the market is expected to steadily increase in value over the specified period. The CAGR provides a measure of the annual growth rate over multiple years, indicating a positive trend in the base metal mining industry. Factors such as increasing demand for base metals in various industrial sectors, advancements in mining technologies, and economic developments are likely driving this growth. Investors and stakeholders in the base metal mining industry may find this information useful for strategic decision-making and market analysis.
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.
The statistic provided indicates that the global commodities trade logistics market had an estimated value of USD 3.77 trillion in 2019 and is projected to increase to USD 3.94 trillion in 2020. This represents a year-over-year growth rate in market size. The growth in the market size suggests an expansion in the overall volume of commodities being traded internationally, emphasizing the significance of logistics and transportation services in supporting the global flow of goods. Factors such as economic trends, technological advancements, and trade policies can contribute to the fluctuations in market size. The increase in market size from 2019 to 2020 reflects the changing dynamics and demands within the commodities trade logistics industry.
The commodity plastics market size was valued at $468.5 billion in 2019 and is projected to reach $585.6 billion by 2027.
The statistic indicates that the market size of commodity plastics reached $468.5 billion in 2019 and is expected to grow to $585.6 billion by 2027. This suggests a significant expansion in the global demand and consumption of commodity plastics over the forecast period. The projected increase in market size reflects the ongoing demand for lightweight, durable, and cost-effective materials across various industries such as packaging, automotive, construction, and electronics. Factors contributing to this growth include population expansion, urbanization, increasing disposable income, and technological advancements driving the adoption of commodity plastics in diverse applications. The statistic highlights the lucrative opportunities present in the commodity plastics market for industry players and investors to capitalize on the anticipated rise in demand and market value.
The agricultural commodity market in Africa is projected to grow at a CAGR of 6.5% between 2020 and 2025.
The statement expresses that the agricultural commodity market in Africa is anticipated to expand steadily over the specified period from 2020 to 2025 at a Compound Annual Growth Rate (CAGR) of 6.5%. This statistic reflects the expected average annual growth rate of the market during this timeframe, indicating a positive trend in the agricultural sector in Africa. A CAGR of 6.5% suggests a promising outlook for the industry, implying potential opportunities for growth, investment, and development within the African agricultural commodity market over the next five years.
The worldwide revenue with Commodity ATC basis in the Foods & Non-Alcoholic Beverages segment amounts to US$1,633,693m in 2021.
This statistic indicates that the total global revenue generated from commodities under the ATC (as traded classification) basis within the Foods & Non-Alcoholic Beverages segment reached US$1,633,693 million in the year 2021. This figure represents the substantial economic activity in the Foods & Non-Alcoholic Beverages industry on a global scale. It reflects the monetary value of goods traded and transactions taking place within this specific product category, serving as a key indicator of the market size and commercial significance of this segment within the overall economy.
Global natural gas consumption rose by 2% in 2019, less than half the rate of growth seen in 2018 (5.3%).
The statistic provided indicates that the global natural gas consumption increased by 2% in 2019, which is a slower rate of growth compared to the previous year where consumption grew by 5.3%. This suggests that the demand for natural gas was still increasing, but at a decelerated pace in 2019. Possible factors influencing this could include changing economic conditions, fluctuations in energy prices, shifts in energy policies, or variations in weather patterns impacting energy usage. It is important to consider these trends in the context of broader energy and environmental considerations to understand the implications of the slower growth rate in global natural gas consumption.
The iron ore market was valued at USD 102.60 billion in 2017 and is expected to reach USD 155.1 billion by 2025.
This statistic provides insight into the economic significance and growth projection of the iron ore market. The market was valued at USD 102.60 billion in 2017, indicating a substantial monetary value associated with the production and sale of iron ore during that year. The estimation that the market is expected to reach USD 155.1 billion by 2025 suggests a strong growth trajectory and increasing demand for iron ore over the specified period. This indicates potential opportunities for investment and economic expansion in the iron ore industry, highlighting its importance within the global market landscape.
Gold mining production globally reached 3,292 metric tons in 2020.
The statistic stating that gold mining production globally reached 3,292 metric tons in 2020 indicates the total amount of gold extracted from mining operations across the world during that year. This metric provides insight into the scale of the global gold mining industry and serves as a key indicator of the level of gold supply available in the market. The production of gold is a critical component of the precious metals industry, with gold being used for various purposes including jewelry, investment, and industrial applications. Understanding the trends and fluctuations in gold mining production can help stakeholders in the industry make informed decisions regarding investments, pricing, and market dynamics.
Global cotton production reached about 123.02 million bales in 2020.
The statistic that global cotton production reached about 123.02 million bales in 2020 indicates the total amount of cotton harvested worldwide during that year. A bale is a standard unit of measurement for cotton, typically weighing around 480 pounds. This production metric reflects the significant scale of the global cotton industry, with numerous countries contributing to the overall output. Factors influencing cotton production levels include weather conditions, agricultural practices, technology advancements, and market demands. The figure of 123.02 million bales underscores the importance of cotton as a key commodity in the textile and apparel industries, highlighting its widespread cultivation and economic significance on a global scale.
The size of the global liquid commodity space in terms of assets under management is estimated to be about $211.3 billion in 2019.
This statistic indicates that the total value of assets under management within the global liquid commodity space was estimated to be around $211.3 billion in 2019. The term “liquid commodity space” typically refers to investments in easily tradable assets such as crude oil, gold, silver, and other commodities that can be quickly bought or sold in the market. Assets under management represent the total value of financial assets that a particular entity, such as a fund or investment firm, manages on behalf of its clients or investors. This statistic provides insight into the scale and importance of commodities as an investment class on a global level, showing the significant amount of capital being allocated to this market segment in the given year.
The energy sector represented 58.9% of the overall global commodity market in 2020.
The statistic stating that the energy sector represented 58.9% of the overall global commodity market in 2020 indicates the significant weight and influence of energy commodities within the broader trading landscape. This means that nearly six out of every ten dollars traded in global commodities in 2020 were related to energy products such as oil, natural gas, and coal. The dominance of the energy sector in the commodity market suggests its pivotal role in global economic activity, as energy is a fundamental input in various industries and plays a crucial role in driving overall economic growth and development. This statistic underscores the importance of monitoring energy market trends and dynamics for a comprehensive understanding of global commodity trading and its implications for the broader economy.
The commodity food grains had a market of $258.33 billion globally in 2020.
The statistic that the commodity food grains had a market of $258.33 billion globally in 2020 represents the total value of trade and sales related to food grains such as wheat, rice, corn, and other staple crops across the world during that year. This figure indicates the significant economic importance of food grains as a fundamental commodity that is traded internationally to meet global demand for food. The market size reflects the scale of production, consumption, and trade of food grains on a global scale, highlighting their role in ensuring food security and livelihoods for millions of people worldwide.
The global output of crude steel amounted to 1877.0 million metric tons in 2020.
The statistic ‘The global output of crude steel amounted to 1877.0 million metric tons in 2020’ signifies the total amount of crude steel produced worldwide in the year 2020. This metric is crucial as it reflects the scale of steel manufacturing activities across the globe, providing insights into the magnitude of the steel industry’s contribution to various sectors such as construction, automotive, and manufacturing. The significant quantity of 1877.0 million metric tons underscores the importance of steel as a fundamental material in numerous industrial processes, infrastructure development, and economic activities globally. This statistic serves as a key indicator of the overall health and activity level of the steel industry on a global scale, impacting various sectors and economies worldwide.
The automotive segment is expected to dominate the aluminum market throughout the forecast period, going up to 2026.
The statistic suggests that the automotive industry is projected to have a significant impact on the aluminum market and maintain a leading position from the current time up to 2026. This dominance signifies that the automotive sector is likely to be the largest consumer of aluminum during this period, indicating robust demand for aluminum products such as lightweight vehicle components and structures. Factors driving this dominance could include the ongoing trend towards lighter and more fuel-efficient vehicles, as well as the increasing use of aluminum in electric and autonomous vehicles. Overall, this forecast highlights the crucial role of the automotive sector in driving growth and shaping the aluminum market landscape in the coming years.
The commodity market reached $20 trillion in total size globally in 2020.
The statistic refers to the total size of the commodity market worldwide, which amounted to $20 trillion in 2020. This figure represents the combined value of all commodities being traded on various exchanges globally during that year. The commodity market includes a wide range of physical goods such as agricultural products, metals, energy resources, and other raw materials. The size of the market reflects the significant economic activity and trading volume that occurs within the commodities sector, highlighting its importance in influencing global supply chains, pricing, and economic growth.
The world’s largest agriculture commodity, corn, had a global production volume of over 1.16 billion metric tons in 2020.
The statistic “The world’s largest agriculture commodity, corn, had a global production volume of over 1.16 billion metric tons in 2020” indicates the sheer scale and significance of corn production on a global scale. Corn is not only a staple food crop for millions of people around the world but also a key ingredient in numerous products including animal feed, biofuels, and industrial goods. The fact that over 1.16 billion metric tons of corn were produced in 2020 underscores its importance in the global agricultural sector and highlights its role in food security, economic sustainability, and trade relationships between countries. This statistic demonstrates the immense impact that corn production has on the world’s economy, environment, and overall food supply chain.
Saudi Arabia is the largest exporter of crude oil with 15% of global total.
The statistic that Saudi Arabia is the largest exporter of crude oil with 15% of the global total indicates the significant role that the country plays in the global oil market. With such a substantial market share, Saudi Arabia’s oil exports have a significant impact on global energy supply and pricing. As the largest exporter of crude oil, Saudi Arabia holds considerable influence over global oil production levels and market dynamics, making it a key player in the international energy sector. This statistic highlights the country’s strategic importance in the global economy and its dominance in the oil export market.
Conclusion
The global commodity industry statistics provide valuable insights into the trends and dynamics shaping the market. By analyzing these data points, stakeholders can make informed decisions to navigate the complexities of the industry and drive sustainable growth. It is crucial for businesses and policymakers to stay updated on these statistics to adapt to changing market conditions and seize opportunities for success.
References
0. – https://www.www.bp.com
1. – https://www.www.mordorintelligence.com
2. – https://www.www.statista.com
3. – https://www.research-finance.com
4. – https://www.www.alliedmarketresearch.com
5. – https://www.www.mckinsey.com
6. – https://www.www.grandviewresearch.com
7. – https://www.www.fortunebusinessinsights.com
8. – https://www.www.researchandmarkets.com
9. – https://www.www.polarismarketresearch.com
