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Market Overview of Global Commodity Trading Services market:
According to our latest research, the global Commodity Trading Services market looks promising in the next 5 years. As of 2022, the global Commodity Trading Services market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years.
Commodities are material goods that are accessible to circulation, but not to retail, have commodity attributes and are used for industrial and agricultural production and consumer use in large quantities. In the financial investment market, commodities are homogeneous, tradable, and widely used as basic raw materials for industry, such as crude oil, non-ferrous metals, steel, agricultural products, iron ore, coal, etc.
Commodity trading services are types of services that allow purchasers or sellers to meet the counterparty to trade a commodity or commodity related investment items. Here Commodity trading services market may include the trading platforms and Exchange, as well as the players who provide transportation, storage.
Influence of COVID-19 Outbreak on Commodity Trading Services Industry Development
Affect the normal operation
The impact of the epidemic on the Commodity Trading Services industry will involve all major links and all entities in the industry chain. In order to avoid large-scale population movements and gatherings, various countries have adopted prevention and control measures such as home isolation and extension of Festival holiday. More and more cities are entering the first-level response state, strictly isolating measures, strictly prohibiting vehicle entry and exit, strictly controlling the flow of personnel, and strictly preventing the spread of the epidemic. This makes it impossible for non-local employees to return or arrive immediately, the number of employees is insufficient, and normal commuting is also severely frustrated, resulting in a large-scale shutdown of production.
Under the background of the current epidemic situation, the economic slowdown has also led to the halt of industrial activities and put a toll on industrial commodities such as copper and zinc and metal prices have resulted in muted demand.
Supply Chain Challenges
The sudden escalation of COVID-19 has demonstrated the cross-border vulnerability of supply chains, and reactive nature of business continuity plans.
The road closure and country closure measures adopted by various regions have hindered the transportation of commodities. And the pandemic's consequent effect of supply chain shutdowns, owing to economic slowdown has affected both demand and supply of commodities.
COVID-19's Impact on Crude Oil and Refined Products
On Monday March 9, 2020, Oil plunges 24% for worst day since 1991, hits multi-year low after OPEC deal failure sparks price war. Growing concerns over the Covid-19 outbreak and surplus production from Saudi Arabia, the United Arab Emirates and Russia have roiled global crude oil markets. The Covid-19 pandemic has made the already subdued demand outlook grimmer. The spread of the virus would deal a severe blow to their industries and supply chains and impact oil demand from these geographies. However, there's a flip side. Crude oil and gas prices are falling, potentially benefiting industrial users and consumers. Not only is the industry using less oil as global demand pressures are reduced by curtailed business travel and manufacturer closures in quarantined areas, but Saudi Arabia is increasing supply. Lower crude oil prices will help certain chemical producers, at least on the raw material side, since there are a number of companies that produce ethylene and other basic chemicals from crude oil instead of from natural gas. However, that will likely not be enough to offset the drop in demand for more chemical end-use products as the effects of canceled events, flights, vacations, etc., ripple their way through the economy.
Company Overview:
The Vitol Group is one of the major players operating in the Commodity Trading Services market, holding a share of 4.02% in 2021.
The Vitol Group is a global energy and commodity trading company, from oil through to power, renewables and carbon, involved in exploration and production, refining, terminals, trading, marketing and distribution.
Vitol's clients include national oil companies, multinationals, leading industrial companies and utilities. Founded in Rotterdam in 1966, today Vitol serves clients from worldwide and is invested in energy assets globally.
Glencore plc is a diversified natural resources company. The Company operates in three groups, metals and minerals, energy products, and agricultural products. Glencore offers its products and services around the world.
Segmentation Overview:
Among different product types, Energy segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the SMEs segment occupied the biggest share from 2017 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Commodity Trading Services market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Commodity Trading Services Market Report:
Market Size Estimates: Commodity Trading Services market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Commodity Trading Services market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Commodity Trading Services market
Segment Market Analysis: Commodity Trading Services market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Commodity Trading Services market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Commodity Trading Services Market: Revenue and sales volume of major countries in each region
Commodity Trading Services Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Commodity Trading Services market in major regions.
Commodity Trading Services Industry Value Chain: Commodity Trading Services market raw materials & suppliers, manufacturing process, distributors, downstream customers
Commodity Trading Services Industry News, Policies & Regulations
Key players in the global Commodity Trading Services market are covered in Chapter 12:
BUNGE
National Commodity & Derivatives Exchange Limited
Itochu
Archer Daniels Midland Co.
Gunvor Group Ltd
Mabanaft
Glencore plc
Trafigura Group Pte. Ltd.
Louis Dreyfus Company
WZ Group
Mercuria Energy Group Ltd
Cedar Commodities
Cargill
The Vitol Group
COFCO Group
In Chapter 2 and Chapter 15.1, based on types, the Commodity Trading Services market from 2018 to 2028 is primarily split into:
Metals
Energy
Agricultural
Others
In Chapter 3 and Chapter 15.2, based on applications, the Commodity Trading Services market from 2018 to 2028 covers:
Large Enterprise
SMEs
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Commodity Trading Services market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028