Agricultural Product Derivatives - Gabon

Gabon

The nominal value in the Agricultural Product Derivatives market is projected to reach US$4.49bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 2.58% resulting in a projected total amount of US$5.10bn by 2029.
The average price per contract in the Agricultural Product Derivatives market amounts to US$0.02 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 130.50k by 2029.

Market

Region

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Currency

Analyst Opinion

The Agricultural Product Derivatives market in Gabon is experiencing a notable shift in recent times.

Customer preferences: Customers in Gabon are increasingly showing interest in agricultural product derivatives as a way to diversify their investment portfolios and hedge against market volatility. This growing preference is in line with global trends where investors are looking for alternative investment options beyond traditional financial instruments.

Trends in the market: The market for agricultural product derivatives in Gabon is witnessing a surge in trading activities, indicating a heightened level of participation from both institutional investors and retail traders. This trend is partly driven by the increasing awareness about the potential returns that can be generated from trading these derivatives. Moreover, the introduction of new derivative products tailored to the agricultural sector is also contributing to the market's growth.

Local special circumstances: Gabon's economy, which is heavily reliant on oil exports, is facing challenges due to fluctuating global oil prices. As a result, there is a growing emphasis on diversifying the economy, with a renewed focus on the agriculture sector. This shift is creating opportunities for agricultural product derivatives as market participants look to capitalize on the potential growth in the agricultural industry.

Underlying macroeconomic factors: The government of Gabon is implementing policies to support the development of the agriculture sector, including incentives for agribusinesses and initiatives to improve infrastructure and technology in farming. These macroeconomic factors are creating a favorable environment for the agricultural product derivatives market to thrive, attracting both domestic and foreign investors looking to benefit from the sector's growth potential.

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.