Agricultural Product Derivatives - Equatorial Guinea

Equatorial Guinea

The nominal value in the Agricultural Product Derivatives market is projected to reach US$2.72bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 5.35% resulting in a projected total amount of US$3.53bn by 2029.
The average price per contract in the Agricultural Product Derivatives market amounts to US$0.07 in 2024.
From a global comparison perspective it is shown that the highest nominal value is reached in the United States (US$12,320.00bn in 2024).
In the Agricultural Product Derivatives market, the number of contracts is expected to amount to 38.00k by 2029.

Market

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Analyst Opinion

The Agricultural Product Derivatives market in Equatorial Guinea is experiencing a shift driven by changing customer preferences and local special circumstances.

Customer preferences: Customers in Equatorial Guinea are increasingly looking for more diverse investment options, including agricultural product derivatives. This shift is influenced by a growing interest in financial markets and a desire to diversify investment portfolios.

Trends in the market: The market for agricultural product derivatives in Equatorial Guinea is witnessing a gradual but steady growth as more investors are exploring opportunities in this sector. This trend is fueled by the increasing awareness of the potential returns and risk management benefits offered by agricultural derivatives.

Local special circumstances: Equatorial Guinea's economy is heavily reliant on oil exports, making it vulnerable to fluctuations in global oil prices. As a result, there is a growing emphasis on diversifying the economy, with agriculture being identified as a key sector for development. This focus on agriculture is driving interest in agricultural product derivatives as a way to support and hedge investments in the sector.

Underlying macroeconomic factors: The government of Equatorial Guinea is implementing policies to promote agricultural development and reduce dependence on oil revenues. This includes initiatives to improve infrastructure, increase agricultural productivity, and attract investment in the sector. These macroeconomic factors are creating a conducive environment for the growth of the agricultural product derivatives market in the country.

Methodology

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.