The World Bank’s Commodity Price historical data and forecasts are published quarterly, in January, April, July and October. The price forecasts go up to 2030. Topics: Agriculture & Rural Development

Spot Price: Central Bank of Oman: Gold per Ounce: Buy data was reported at 1,157.810 OMR in 25 Mar 2025. This records a decrease from the previous number of 1,159.190 OMR for 24 Mar 2025. Spot Price: Central Bank of Oman: Gold per Ounce: Buy data is updated daily, averaging 524.757 OMR from Dec 2007 (Median) to 25 Mar 2025, with 3798 observations. The data reached an all-time high of 1,171.010 OMR in 20 Mar 2025 and a record low of 0.105 OMR in 02 Jan 2022. Spot Price: Central Bank of Oman: Gold per Ounce: Buy data remains active status in CEIC and is reported by Central Bank of Oman. The data is categorized under World Trend Plus’s Commodity Market – Table OM.P001: Gold and Silver Spot Price. [COVID-19-IMPACT]

The global energy price index stood at around 106.9 in 2023. This was a decrease of 45 points compared to the previous year, when fuel and power demand increased as the economies recovered from the coronavirus pandemic. For 2024, forecasts suggest the price index would decrease to 104. Price indices show the development of prices for goods or services over time relative to a base year. Commodity prices may be dependent on various factors, from supply and demand to overall economic growth. Electricity prices around the world As with overall fuel prices, electricity costs for end users are dependent on power infrastructure, technology type, domestic production, and governmental levies and taxes. Generally, electricity prices are lower in countries with great coal and gas resources, as those have historically been the main sources for electricity generation. This is one of the reasons why electricity prices are lowest in resource-rich countries such as Qatar, Russia, and the United States. Meanwhile, many European governments that have introduced renewable surcharges to support the deployment of solar and wind power and are at the same time dependent on fossil fuels imports, have the highest household electricity prices. Benchmark oil prices One of the commodities found within the energy market is oil. Oil is the main raw material for all common motor fuels, from gasoline to kerosene. In resource-poor and remote regions such as Alaska, Hawaii, and Cyprus, it is also one of the largest sources for electricity generation. Benchmark oil prices such as Europe’s Brent, the United States' WTI, or the OPEC basket are often used as indicators for the overall energy price development.

In 2025, the price of platinum is forecast to hover around 1,150 U.S. dollars per troy ounce. Meanwhile, the cost of per troy ounce of gold is expected to amount to 1,700 U.S. dollars.

Precious metals

Precious metals are counted among the most valuable commodities worldwide. The most well known such metals are gold, silver and the platinum group metals. A precious metal can be used as an industrial commodity or as an investment. The major areas of application include the following sectors: technology, car-making, industrial manufacturing and jewelry making. Furthermore, gold and silver are used as coinage metals, and gold reserves are held by the central banks of many countries worldwide in order to store value or for use as a redemption medium. The idea behind this procedure is that gold reserves will help secure and stabilize the countries’ respective currencies. At 8,100 tons, the United States is the country with the most extensive stock of gold. It is kept in an underground vault at the New York Federal Reserve Bank.

Russia, the United States, Canada, South Africa and China are the main producers of precious metals. Silver is the most abundant of the metals, followed by gold and palladium. Barrick Gold is the world’s largest gold mining company. The Toronto-based firm produced some five million ounces of gold in 2020. The leading silver producers include Mexico-based Fresnillo, Poland’s KGHM Polska Miedž and the mining giant Glencore. Anglo Platinum and Impala are the key mining companies to produce platinum group metals.

In 2023, Silver prices are expected to settle at around 23.5 U.S. dollars per troy ounce. It is expected to remain the precious metal with the lowest value per ounce. The price of gold is forecast to drop to around 1,663 U.S. dollars per ounce, making it the most expensive precious metal in 2023.

According to Cognitive Market Research, the global Tape Backing Materials market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The Polypropylene material type held the highest Tape Backing Materials market revenue share in 2024.

Market Dynamics of Tape Backing Materials Market

Key Drivers for Tape Backing Materials Market

Expanding Construction Industry to Increase the Demand Globally

Adhesive tapes play a crucial role in construction applications such as surface protection, joint sealing, and mounting. The expanding construction industry is driving higher demand for tape-backing materials. According to World Bank data, global construction spending surged to $13.4 trillion in 2022, marking a 3.8% increase from the previous year. New construction starts also saw significant growth, rising 16.7% to $912 billion in 2022, the highest growth rate since records began in 2005. This follows a 10.8% increase in 2021. In current dollar terms, U.S. construction spending is now 10% higher than its pre-pandemic peak in 2019. Additionally, 2022 set a new record for megaprojects, with 31 projects valued at $105.3 billion, surpassing the previous record of $79.1 billion set in 2019.

Expanding E-commerce Industry to Propel Market Growth

The COVID-19 pandemic has significantly boosted e-commerce retail in developing countries, leading to increased demand for packaging materials that use adhesive tapes to seal products within cartons and protect them from mechanical damage throughout the logistics process. This surge in demand is driven by consumer preferences for packaging quality and product safety, as highlighted by the B2B e-commerce association of the United States. In the third quarter of 2023, e-commerce's share of total U.S. retail sales rose to 15.6%, up from 14.8% in the same period of 2022. China remains at the forefront of online shopping with 915.1 million online shoppers, while the U.S. has 270.11 million online buyers in 2024. U.S. e-commerce sales have seen a steady increase over the past decade, reaching a record $1.12 trillion in 2023, a 330% rise from $260.4 billion in 2013. This data underscores the growing importance of e-commerce and its penetration into global retail sales. As retailers increasingly focus on online consumer demand, they face heightened competition on e-commerce platforms, making high-quality packaging as crucial as the product itself.

Restraint Factor for the Tape Backing Materials Market

Volatility in Raw Material Prices to Limit the Sales

The prices and availability of raw materials are crucial factors that impact manufacturers' decisions on the production costs of end products. Key raw materials for adhesive tapes include rubber, paper, polypropylene (PP), silicone, acrylic adhesives, polyvinyl chloride (PVC), and release liners. According to the World Bank's Commodity Markets Outlook, the raw materials price index declined by 1% in the third quarter of 2023, mainly due to decreases in natural rubber prices, which were about 8% lower compared to the previous year. Despite a relatively stable price for natural rubber in the third quarter of 2023, global demand for natural rubber has remained flat over the past 12 months ending in September 2023. Uncertainties and fluctuations in raw material costs and supply can lead to higher product prices, potentially affecting purchases in price-sensitive regions. Additionally, the adhesive industry faces risin...

Imports of low carbon technology products comprise all low carbon technology products entering the national territory. A relatively high share of low carbon technology products imports indicates that an economy purchases a significant share of low carbon technology products from other economies. Exports of low carbon technology products comprise all low carbon technology products leaving the national territory. A relatively high share of low carbon technology products exports indicates that an economy produces and sells a significant share of low carbon technology products to other economies. An economy’s trade balance in low carbon technology products is the difference between its exports and imports of low carbon technology products.Comparative advantage is a measure of the relative advantage or disadvantage a particular economy has in a certain class of goods (in this case, low carbon technology products), and can be used to evaluate export potential in that class of goods. A value greater than one indicates a relative advantage in low carbon technology products, while a value of less than one indicates a relative disadvantage.Sources: Department of Economic and Social Affairs/United Nations. 2022. United Nations Comtrade database. https://comtrade.un.org. International Monetary Fund (IMF) Direction of Trade Statistics (DOTS). https://data.imf.org/dot. World Economic Outlook (WEO) Database. https://www.imf.org/en/Publications/WEO/weo-database/2022/April. IMF staff calculations.Category: Mitigation,Transition to a Low-Carbon EconomyData series: Comparative advantage in low carbon technology productsExports of low carbon technology productsExports of low carbon technology products as percent of GDPExports of low carbon technology products as share of total exportsImports of low carbon technology productsImports of low carbon technology products as percent of GDPImports of low carbon technology products as share of total importsTotal trade in low carbon technology productsTotal trade in low carbon technology products as percent of GDPTrade balance in low carbon technology productsTrade balance in low carbon technology products as percent of GDPMetadata:Sources: Trade data from UN Comtrade Database (https://comtrade.un.org/). Harmonized Commodity Description and Coding System (HS) 2017. Trade aggregates from IMF Direction of Trade Statistics (DOTS) (data.imf.org/dot). GDP data from World Economic Outlook.Methodology:Low carbon technology products are estimated by aggregating HS 6-digit commodities identified as low carbon technology products based on Pigato, Miria A., Simon J. Black, Damien Dussaux, Zhimin Mao, Miles McKenna, Ryan Rafaty, and Simon Touboul. 2020. Technology Transfer and Innovation for Low-Carbon Development. International Development in Focus. Washington, DC: World Bank, and IMF research. Trade balance in low carbon technology products is calculated as low carbon technology products exports less low carbon technology products imports. A positive trade balance means an economy has a surplus in low carbon technology products, while a negative trade balance means an economy has a deficit in low carbon technology products.Total goods are estimated by aggregating all commodities. Comparative advantage is calculated as the proportion of an economy’s exports that are low carbon technology products to the proportion of global exports that are low carbon technology products. Total trade in low carbon technology products is calculated as the sum of low carbon technology products exports and low carbon technology products imports. National-accounts basis GDP at current prices from the World Economic Outlook is used to calculate the percent of GDP. This measure provides an indication of an economy’s involvement (openness) to trade in low carbon technology products, which is important for understanding how these technologies can be transferred between economies.Methodology Attachment Low Carbon Technology Harmonized System Codes

Food Price Index in World increased to 127.10 Index Points in February from 125.10 Index Points in January of 2025. This dataset includes a chart with historical data for World Food Price Index.

Malaysia Gold Bullion Coin: Kijang Emas Price: 0.5 Oz: Sell data was reported at 7,241.000 MYR in 26 Mar 2025. This records an increase from the previous number of 7,234.000 MYR for 25 Mar 2025. Malaysia Gold Bullion Coin: Kijang Emas Price: 0.5 Oz: Sell data is updated daily, averaging 2,876.000 MYR from Jul 2001 (Median) to 26 Mar 2025, with 5893 observations. The data reached an all-time high of 7,315.000 MYR in 20 Mar 2025 and a record low of 1,983.000 MYR in 26 Apr 2010. Malaysia Gold Bullion Coin: Kijang Emas Price: 0.5 Oz: Sell data remains active status in CEIC and is reported by Bank Negara Malaysia. The data is categorized under World Trend Plus’s Commodity Market – Table MY.P009: Gold Bullion Coin: Kijang Emas Price. [COVID-19-IMPACT]