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Agricultural Product Derivatives - New Zealand

New Zealand
  • The nominal value in the Agricultural Product Derivatives market is projected to reach US$1.16bn in 2024.
  • It is expected to show an annual growth rate (CAGR 2024-2029) of 3.76% resulting in a projected total amount of US$1.39bn by 2029.
  • The average price per contract in the Agricultural Product Derivatives market amounts to US$0.00 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 271.10k by 2029.

Definition:

The Agricultural Product Derivatives market refers to derivatives of agricultural products such as coffee or rice. These include financial vehicles such as options and futures. Derivatives allow investors to profit from a commodity’s value development without owning the physical commodity (e.g. instead of owning a unit of rice, an investor could own a derivative of rice). Therefore, physical commodities are out of scope in this analysis.

Structure:

The market contains the following KPIs: annual notional value, the number of traded contracts, the open interest (number of outstanding contracts at the end of a year), the average notional value per contract as well as the price data of popular specific derivatives of this category.

Additional information:

Examples of popular Agricultural product derivatives are coffee, rice, or barley.

In-Scope

  • Agricultural Product Derivatives, e.g. cotton, wheat, rice

Out-Of-Scope

  • Physical agricultural products
Agricultural Product Derivatives: market data & analysis - Cover

Market Insights report

Agricultural Product Derivatives: market data & analysis

Study Details

    Value Development

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Volume

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Agricultural Product Derivatives market in New Zealand has been witnessing a shift in customer preferences towards more diverse and innovative financial products.

    Customer preferences:
    New Zealand customers are increasingly looking for agricultural product derivatives that offer not only traditional risk management tools but also opportunities for speculative trading. This shift is driven by the desire for greater flexibility and potential for higher returns.

    Trends in the market:
    One notable trend in the New Zealand Agricultural Product Derivatives market is the growing popularity of derivatives linked to unique agricultural products specific to the region. This trend reflects a global movement towards niche market offerings and tailored financial instruments.

    Local special circumstances:
    New Zealand's strong agricultural sector, known for its high-quality products like dairy and wool, influences the demand for agricultural product derivatives in the country. The presence of a well-established agricultural industry creates a conducive environment for the development and trading of related financial instruments.

    Underlying macroeconomic factors:
    The stable economic environment in New Zealand, coupled with a focus on innovation and technology in the agricultural sector, contributes to the growth of the Agricultural Product Derivatives market. Additionally, the country's strategic location and trade relationships play a significant role in shaping market dynamics.

    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.

    Financial

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    Agricultural Product Derivatives: market data & analysis - BackgroundAgricultural Product Derivatives: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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