Agricultural Product Derivatives - Norway

  • Norway
  • The nominal value in the Agricultural Product Derivatives market is projected to reach US$101.80bn in 2024.
  • It is expected to show an annual growth rate (CAGR 2024-2029) of 5.38% resulting in a projected total amount of US$132.30bn by 2029.
  • The average price per contract in the Agricultural Product Derivatives market amounts to US$0.28 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 324.70k by 2029.
 
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Analyst Opinion

The Agricultural Product Derivatives market in Norway is experiencing a shift in customer preferences towards more sustainable and environmentally friendly investment options.

Customer preferences:
Investors in Norway are increasingly showing a preference for agricultural product derivatives that align with sustainable practices and ethical standards. This shift is driven by a growing awareness of environmental issues and a desire to support companies that prioritize sustainability in their operations.

Trends in the market:
One of the prominent trends in the Agricultural Product Derivatives market in Norway is the rising demand for derivatives linked to organic and ethically sourced agricultural products. Investors are seeking opportunities that promote responsible farming practices and contribute to reducing the carbon footprint of the agricultural industry. This trend is in line with global efforts towards sustainable investing and reflects a growing consciousness among investors in Norway.

Local special circumstances:
Norway's unique position as a country with a strong focus on environmental conservation and sustainable development plays a significant role in shaping the Agricultural Product Derivatives market. The Norwegian government's initiatives to promote green investments and support sustainable agriculture have created a conducive environment for the growth of agricultural product derivatives that meet stringent environmental standards. This focus on sustainability sets Norway apart in the global market and attracts investors looking to align their portfolios with ethical and environmentally conscious practices.

Underlying macroeconomic factors:
The stability of Norway's economy and its strong commitment to environmental protection contribute to the growth of the Agricultural Product Derivatives market. As a country with a high standard of living and a well-established financial sector, Norway offers a secure and reliable market for investors looking to engage in agricultural product derivatives. The government's emphasis on sustainable practices further enhances the appeal of these investment options, driving the development of innovative financial products in the agricultural sector.

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.

Overview

  • Value Development
  • Volume
  • Analyst Opinion
  • Methodology
  • Key Market Indicators
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