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Commodity Trading Market Size, Share and Forecast 2026-2036

The global commodity trading market is worth USD 76.9 bn in 2026 and is forecast to reach USD 98.4 bn by 2036, growing at a 2.5% CAGR. China is the largest country market and Energy is the largest by commodity segment.

USD 76.9 bnMarket size 2026
USD 98.4 bnForecast 2036
2.5%CAGR 2026-2036
ChinaLargest country

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5 segmentation views25 countries2026 to 2036 yearly forecast

Market overview

The global commodity trading market is worth USD 76.9 bn in 2026 and is forecast to reach USD 98.4 bn by 2036, growing at a 2.5% CAGR. China is the largest country market and Energy is the largest by commodity segment.

ScopeGross margins and fees earned by trading houses on physical energy, metals and agricultural commodities bought and resold worldwide.
IndustryOil and Gas
Value 2025USD 75.0 bn
Value 2026USD 76.9 bn
Value 2036USD 98.4 bn
CAGR 2026-20362.5%
Volume 20264,080 million tonnes
Volume 20364,968 million tonnes
Average price 2026USD 18.8 per tonne
Report priceStarts from USD 1,999
PublishedNovember 2026

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Commodity Trading market size and forecast, 2026-2036

Exhibit 1The global commodity trading market is forecast to grow from USD 76.9 bn in 2026 to USD 98.4 bn by 2036, a rise of 28%Global market value in USD: 2025 base year, 2026 estimate and forecast to 2036. CAGR 2026 to 2036: 2.5%
Commodity Trading market value, 2025 to 2036Market value by year. 2025: USD 75.0 bn; 2026: USD 76.9 bn; 2027: USD 78.8 bn; 2028: USD 80.8 bn; 2029: USD 82.8 bn; 2030: USD 84.9 bn; 2031: USD 87.0 bn; 2032: USD 89.2 bn; 2033: USD 91.4 bn; 2034: USD 93.7 bn; 2035: USD 96.0 bn; 2036: USD 98.4 bn. Compound annual growth rate 2026 to 2036: 2.5%.202576.9 bn202687.0 bn203198.4 bn20362.5% CAGR

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

YearMarket value
2026USD 76.9 bn
2027USD 78.8 bn
2028USD 80.8 bn
2029USD 82.8 bn
2030USD 84.9 bn
2031USD 87.0 bn
2032USD 89.2 bn
2033USD 91.4 bn
2034USD 93.7 bn
2035USD 96.0 bn
2036USD 98.4 bn

Commodity Trading market segmentation

By commodity

Exhibit 2Energy is the largest segment by commodity, with 42.0% of 2026 revenueEstimated share of 2026 global revenue, by commodity
Commodity Trading market share by commodity, 2026Share of 2026 revenue by commodity. Energy: 42.0%; Metals and minerals: 22.0%; Grains and oilseeds: 22.0%; Softs and other agriculture: 14.0%.Energy42.0%Metals and minerals22.0%Grains and oilseeds22.0%Softs and other agriculture14.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Energy42.0%40.1%USD 32.3 bn2.0%
Metals and minerals22.0%23.1%USD 16.9 bn3.0%
Grains and oilseeds22.0%22.0%USD 16.9 bn2.5%
Softs and other agriculture14.0%14.7%USD 10.8 bn3.0%

By trader type

Exhibit 3Independent houses adds the most revenue by trader type, growing from USD 29.2 bn in 2026 to USD 37.2 bn by 2036Estimated revenue in USD by trader type, 2026 and 2036 forecast
Commodity Trading market by trader type, 2026 and 2036Revenue by trader type in 2026 and 2036. Independent houses: USD 29.2 bn in 2026, USD 37.2 bn in 2036, change +27%; Agribusiness majors: USD 20.0 bn in 2026, USD 25.4 bn in 2036, change +27%; Producer-owned and state arms: USD 18.4 bn in 2026, USD 23.5 bn in 2036, change +27%; Banks and funds: USD 9.2 bn in 2026, USD 12.3 bn in 2036, change +34%.20262036 forecastChangeIndependent houses+27%29.2 bn37.2 bnAgribusiness majors+27%20.0 bn25.4 bnProducer-owned and state arms+27%18.4 bn23.5 bnBanks and funds+34%9.2 bn12.3 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Independent houses38.0%37.8%USD 29.2 bn2.4%
Agribusiness majors26.0%25.8%USD 20.0 bn2.4%
Producer-owned and state arms24.0%23.9%USD 18.4 bn2.4%
Banks and funds12.0%12.5%USD 9.2 bn2.9%

By activity

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Physical merchandising56.0%52.0%USD 43.0 bn1.7%
Logistics and optimisation18.0%19.0%USD 13.8 bn3.1%
Structured finance and risk services26.0%29.0%USD 20.0 bn3.6%

By contract tenor

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Spot38.0%35.0%USD 29.2 bn1.7%
Short-term34.0%34.0%USD 26.1 bn2.5%
Long-term28.0%31.0%USD 21.5 bn3.5%

By trade flow

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Intra-Asia28.0%29.0%USD 21.5 bn2.9%
Atlantic basin30.0%27.0%USD 23.1 bn1.4%
Cross-regional East-West42.0%44.0%USD 32.3 bn3.0%

Top 25 countries for commodity trading by revenue

Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 77.0% of 2026 revenue and the 25 countries below together hold 95.0%.

Exhibit 4China is the largest country market at USD 15.4 bn in 2026, and the three largest countries hold 42.0% of global revenueEstimated 2026 revenue in USD and share of the global market, ten largest countries
Commodity Trading market, ten largest countries in 2026Ten largest countries by 2026 revenue. China: USD 15.4 bn, 20.0%; United States: USD 10.8 bn, 14.0%; India: USD 6.2 bn, 8.0%; Singapore: USD 5.4 bn, 7.0%; Switzerland: USD 4.6 bn, 6.0%; Netherlands: USD 3.8 bn, 5.0%; Japan: USD 3.8 bn, 5.0%; United Arab Emirates: USD 3.5 bn, 4.5%; Germany: USD 3.1 bn, 4.0%; South Korea: USD 2.7 bn, 3.5%.China15.4 bn 20.0%United States10.8 bn 14.0%India6.2 bn 8.0%Singapore5.4 bn 7.0%Switzerland4.6 bn 6.0%Netherlands3.8 bn 5.0%Japan3.8 bn 5.0%United Arab Emirates3.5 bn 4.5%Germany3.1 bn 4.0%South Korea2.7 bn 3.5%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

#CountryValue 2026Share 2026Value 2036CAGR 2026-36
1ChinaUSD 15.4 bn20.0%USD 20.4 bn2.9%
2United StatesUSD 10.8 bn14.0%USD 12.9 bn1.8%
3IndiaUSD 6.2 bn8.0%USD 9.4 bn4.4%
4SingaporeUSD 5.4 bn7.0%USD 7.1 bn2.8%
5SwitzerlandUSD 4.6 bn6.0%USD 5.8 bn2.3%
6NetherlandsUSD 3.8 bn5.0%USD 4.6 bn1.9%
7JapanUSD 3.8 bn5.0%USD 4.4 bn1.4%
8United Arab EmiratesUSD 3.5 bn4.5%USD 4.8 bn3.4%
9GermanyUSD 3.1 bn4.0%USD 3.5 bn1.4%
10South KoreaUSD 2.7 bn3.5%USD 3.2 bn1.9%
11United KingdomUSD 2.6 bn3.4%USD 3.1 bn1.8%
12Hong KongUSD 1.7 bn2.2%USD 2.3 bn3.0%
13BrazilUSD 1.3 bn1.7%USD 1.8 bn3.1%
14FranceUSD 1.1 bn1.4%USD 1.3 bn1.8%
15BelgiumUSD 946 mn1.2%USD 1.1 bn1.7%
16CanadaUSD 838 mn1.1%USD 1.0 bn1.8%
17TurkeyUSD 761 mn1.0%USD 1.0 bn3.0%
18ItalyUSD 692 mn0.9%USD 827 mn1.8%
19SpainUSD 646 mn0.8%USD 768 mn1.7%
20RussiaUSD 600 mn0.8%USD 699 mn1.5%
21AustraliaUSD 569 mn0.7%USD 669 mn1.6%
22MalaysiaUSD 538 mn0.7%USD 718 mn2.9%
23Saudi ArabiaUSD 507 mn0.7%USD 689 mn3.1%
24IndonesiaUSD 484 mn0.6%USD 649 mn3.0%
25ThailandUSD 461 mn0.6%USD 620 mn3.0%
Rest of worldUSD 3.9 bn5.0%USD 4.8 bn2.2%
Exhibit 5China and India account for 39% of the USD 21.5 bn the market is forecast to add by 2036Forecast revenue added between 2026 and 2036 by country, in USD
Commodity Trading market, where the growth to 2036 comes fromRevenue added between 2026 and 2036. Market value 2026: USD 76.9 bn. China: +USD 5.0 bn; India: +USD 3.3 bn; United States: +USD 2.1 bn; Singapore: +USD 1.7 bn; United Arab Emirates: +USD 1.4 bn; 20 other countries: +USD 7.1 bn; Rest of world: +USD 940 mn. Market value 2036: USD 98.4 bn.Market value 202676.9 bnChina+5.0 bnIndia+3.3 bnUnited States+2.1 bnSingapore+1.7 bnUnited Arab Emirates+1.4 bn20 other countries+7.1 bnRest of world+940 mnMarket value 203698.4 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

Competitive landscape

Group 1: Global leaders

  • Glencore
  • Vitol
  • Trafigura
  • Cargill
  • Mercuria
  • Gunvor

Group 2: Regional and specialist players

  • Louis Dreyfus Company
  • Bunge
  • Archer-Daniels-Midland
  • COFCO International
  • Olam Group
  • Viterra
  • Wilmar International
  • Mitsui & Co
  • Marubeni
  • Macquarie Group

Group 3: Emerging and niche players

  • Sucden
  • ECOM Agroindustrial
  • Hartree Partners
  • Freepoint Commodities
  • Castleton Commodities International
  • Kolmar Group
  • StoneX Group
  • Concord Resources

Research methodology

Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the commodity trading market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.

The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 2.5% is calculated from the resulting values.

The market is divided by commodity, by trader type, by activity, by contract tenor, by trade flow. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.

Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.

Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.

Read the full research methodology

Frequently asked questions

How big is the commodity trading market?

The global commodity trading market is estimated at USD 75.0 bn in 2025 and USD 76.9 bn in 2026.

How fast will the commodity trading market grow?

It is forecast to reach USD 98.4 bn by 2036, a compound annual growth rate of 2.5% from 2026, an increase of USD 21.5 bn.

Which country is the largest market for commodity trading?

China is the largest market by revenue at USD 15.4 bn in 2026, 20.0% of the global total. The three largest countries together hold 42.0%.

Which country is growing fastest?

Among the ten largest markets, India is growing fastest at 4.4% a year from 2026 to 2036.

Which commodity trading segment is largest?

In the by commodity split, Energy is the largest segment with 42.0% of 2026 revenue.

Who are the leading commodity trading companies?

Global leaders include Glencore, Vitol, Trafigura, Cargill.

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