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The Agricultural Product Derivatives market in Ireland has been experiencing a notable increase in activity and interest recently.
Customer preferences: Investors and traders in Ireland are showing a growing preference for agricultural product derivatives due to their potential for diversification and hedging against market volatility. The ability to trade these derivatives without directly owning the physical commodities is appealing to many participants in the market.
Trends in the market: One of the key trends in the Agricultural Product Derivatives market in Ireland is the increasing adoption of technology and online trading platforms. This trend is driven by the desire for greater accessibility and efficiency in trading these financial instruments. Additionally, there is a rising interest in sustainability-focused derivatives, reflecting the growing global emphasis on environmentally friendly investing.
Local special circumstances: Ireland's strong agricultural sector plays a significant role in driving the demand for agricultural product derivatives. The country's reliance on agriculture for economic growth and employment creates a natural affinity for these financial instruments among local market participants. Moreover, the presence of a well-established financial services industry in Ireland further supports the development of the Agricultural Product Derivatives market.
Underlying macroeconomic factors: The stability of Ireland's economy and its strategic position within the European Union contribute to the favorable environment for the Agricultural Product Derivatives market. The country's pro-business policies and skilled workforce attract investors looking to participate in the derivatives market. Additionally, Ireland's close proximity to major financial centers in Europe enhances its position as a hub for agricultural product derivative trading.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)