Agricultural Product Derivatives - Chile

Chile

Highlights

The nominal value in the Agricultural Product Derivatives market is projected to reach US$91.28bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 0.13% resulting in a projected total amount of US$91.87bn by 2029.
The average price per contract in the Agricultural Product Derivatives market amounts to US$0.33 in 2024.
From a global comparison perspective it is shown that the highest nominal value is reached United States (US$12.32tn in 2024).
In the Agricultural Product Derivatives market, the number of contracts is expected to amount to 289.00k by 2029.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Agricultural Product Derivatives market in Chile has been experiencing significant growth and development in recent years. Customer preferences in Chile are shifting towards more sophisticated financial instruments, leading to an increased demand for Agricultural Product Derivatives.

Investors and traders are looking for alternative ways to diversify their portfolios and hedge against market risks, driving the growth of this market segment. Trends in the market show a rise in trading volumes and liquidity for Agricultural Product Derivatives in Chile. This can be attributed to the growing awareness and understanding of these financial products among market participants.

Additionally, advancements in technology have made it easier for investors to access and trade these derivatives, further fueling market growth. Local special circumstances, such as Chile's strong agricultural sector and export-oriented economy, play a significant role in shaping the Agricultural Product Derivatives market in the country. The stability and growth potential of the agricultural industry in Chile make it an attractive market for investors looking to capitalize on price movements in agricultural commodities.

Underlying macroeconomic factors, including global commodity prices, exchange rates, and government policies, also impact the Agricultural Product Derivatives market in Chile. Fluctuations in commodity prices can create trading opportunities for investors, while exchange rate movements can influence the competitiveness of Chilean agricultural products in the international market. Additionally, government policies related to agriculture and trade can have a direct impact on the demand and supply dynamics of agricultural derivatives in the country.

Data coverage:

Figures are based on commodity derivatives, their notional value, the number of contracts traded, the open interest (outstanding contracts at the end of a year), and the average value of a contract.

Modeling approach / Market size:

Market sizes are determined by a Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use market research & analysis, and data of World Bank, as well as the World Federation of Exchanges. Furthermore, we use relevant key market indicators and data from country-specific associations and national data bureaus such as GDP, wealth per capita, and the online banking penetration rate. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. In this market, we use the HOLT-damped Trend method to forecast future development. The main drivers are GDP per capita an the online banking penetration rate.

Additional Notes:

The market is updated twice per year in case market dynamics change.