Agricultural Product Derivatives - Serbia

Serbia

The nominal value in the Agricultural Product Derivatives market is projected to reach US$13.94bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 5.42% resulting in a projected total amount of US$18.15bn by 2029.
The average price per contract in the Agricultural Product Derivatives market amounts to US$0.14 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 113.30k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Agricultural Product Derivatives market in Serbia is experiencing a notable increase in activity and interest.

Customer preferences: Investors in Serbia are showing a growing interest in Agricultural Product Derivatives due to the potential for diversification and hedging against market volatility. The ability to trade these derivatives offers investors a way to participate in the agricultural market without directly owning physical commodities.

Trends in the market: One of the key trends in the Agricultural Product Derivatives market in Serbia is the increasing adoption of derivative products by institutional investors and agricultural businesses. This trend is driven by the desire to manage risk more effectively and optimize investment portfolios. Additionally, the availability of online trading platforms has made it easier for retail investors to access these derivatives.

Local special circumstances: Serbia's agricultural sector plays a significant role in the country's economy, making Agricultural Product Derivatives particularly relevant. The market is influenced by local factors such as weather conditions, government policies, and global demand for agricultural products. These factors create opportunities for investors to capitalize on price fluctuations in the market.

Underlying macroeconomic factors: The development of the Agricultural Product Derivatives market in Serbia is also influenced by broader macroeconomic factors. Economic stability, inflation rates, and foreign exchange rates play a crucial role in shaping investor sentiment and market dynamics. As Serbia continues to integrate with global financial markets, the Agricultural Product Derivatives market is expected to further evolve in response to these macroeconomic factors.

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.