Commodity Markets Outlook, April 2025
Commodity prices are set to fall sharply this year, by about 12 percent overall, as weakening global economic growth weighs on demand. In 2026, commodity prices are projected to reach a six-year low. Oil prices are expected to exert substantial downward pressure on the aggregate commodity index in 2...
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| Formato: | En linea |
| Idioma: | en_US |
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Washington, DC: World Bank
2025
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| Acceso en línea: | https://hdl.handle.net/10986/43036 |
| _version_ | 1866367016774926336 |
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| author | World Bank |
| author_facet | World Bank |
| author_sort | World Bank |
| collection | Publicaciones institucionales emblemáticas |
| description | Commodity prices are set to fall sharply this year, by about 12 percent overall, as weakening global economic growth weighs on demand. In 2026, commodity prices are projected to reach a six-year low. Oil prices are expected to exert substantial downward pressure on the aggregate commodity index in 2025, as a marked slowdown in global oil consumption coincides with expanding supply. The anticipated commodity price softening is broad-based, however, with more than half of the commodities in the forecast set to decrease this year, many by more than 10 percent. The latest shocks to hit commodity markets extend a so far tumultuous decade, marked by the highest level of commodity price volatility in at least half a century. Between 2020 and 2024, commodity price swings were frequent and sharp, with knock-on consequences for economic activity and inflation. In the next two years, commodity prices are expected to put downward pressure on global inflation. Risks to the commodity price projections are tilted to the downside. A sharper-than-expected slowdown in global growth—driven by worsening trade relations or a prolonged tightening of financial conditions—could further depress commodity demand, especially for industrial products. In addition, if OPEC+ fully unwinds its voluntary supply cuts, oil production will far exceed projected consumption. There are also important upside risks to commodity prices—for instance, if geopolitical tensions worsen, threatening oil and gas supplies, or if extreme weather events lead to agricultural and energy price spikes. |
| format | Online Serial |
| id | wb-10986-43036 |
| institution | Banco Mundial |
| language | en_US |
| publishDate | 2025 |
| publisher | Washington, DC: World Bank |
| record_format | dspace |
| spelling | wb-10986-430362026-04-01T12:58:34Z Commodity Markets Outlook, April 2025 World Bank COMMODITY PRICES ENERGY PRICES INDUSTRIAL COMMODITIES OIL AND GAS OPEC OPEC+ AGRICULTURE PRICES METAL PRICES CRITICAL MINERALS PRECIOUS METALS Commodity prices are set to fall sharply this year, by about 12 percent overall, as weakening global economic growth weighs on demand. In 2026, commodity prices are projected to reach a six-year low. Oil prices are expected to exert substantial downward pressure on the aggregate commodity index in 2025, as a marked slowdown in global oil consumption coincides with expanding supply. The anticipated commodity price softening is broad-based, however, with more than half of the commodities in the forecast set to decrease this year, many by more than 10 percent. The latest shocks to hit commodity markets extend a so far tumultuous decade, marked by the highest level of commodity price volatility in at least half a century. Between 2020 and 2024, commodity price swings were frequent and sharp, with knock-on consequences for economic activity and inflation. In the next two years, commodity prices are expected to put downward pressure on global inflation. Risks to the commodity price projections are tilted to the downside. A sharper-than-expected slowdown in global growth—driven by worsening trade relations or a prolonged tightening of financial conditions—could further depress commodity demand, especially for industrial products. In addition, if OPEC+ fully unwinds its voluntary supply cuts, oil production will far exceed projected consumption. There are also important upside risks to commodity prices—for instance, if geopolitical tensions worsen, threatening oil and gas supplies, or if extreme weather events lead to agricultural and energy price spikes. 2025-04-29 Serial https://hdl.handle.net/10986/43036 10.1596/43036 en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank application/pdf application/pdf application/octet-stream application/pdf Washington, DC: World Bank |
| spellingShingle | COMMODITY PRICES ENERGY PRICES INDUSTRIAL COMMODITIES OIL AND GAS OPEC OPEC+ AGRICULTURE PRICES METAL PRICES CRITICAL MINERALS PRECIOUS METALS World Bank Commodity Markets Outlook, April 2025 |
| title | Commodity Markets Outlook, April 2025 |
| title_full | Commodity Markets Outlook, April 2025 |
| title_fullStr | Commodity Markets Outlook, April 2025 |
| title_full_unstemmed | Commodity Markets Outlook, April 2025 |
| title_short | Commodity Markets Outlook, April 2025 |
| title_sort | commodity markets outlook april 2025 |
| topic | COMMODITY PRICES ENERGY PRICES INDUSTRIAL COMMODITIES OIL AND GAS OPEC OPEC+ AGRICULTURE PRICES METAL PRICES CRITICAL MINERALS PRECIOUS METALS |
| url | https://hdl.handle.net/10986/43036 |
| work_keys_str_mv | AT worldbank commoditymarketsoutlookapril2025 |