Agricultural Product Derivatives - Togo

Togo

Highlights

The nominal value in the Agricultural Product Derivatives market is projected to reach US$1.51bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 4.39% resulting in a projected total amount of US$1.87bn by 2029.
The average price per contract in the Agricultural Product Derivatives market amounts to US$0.05 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 33.60k by 2029.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Agricultural Product Derivatives market in Togo is experiencing a notable shift in recent years. Customer preferences in Togo are leaning towards more diverse investment options, including Agricultural Product Derivatives, as investors seek to diversify their portfolios and mitigate risks associated with traditional investments.

Trends in the market show an increasing interest in Agricultural Product Derivatives in Togo, driven by the potential for higher returns compared to other financial instruments. This trend is also influenced by global market dynamics and the growing awareness of the benefits of derivative products. Local special circumstances, such as the agricultural landscape in Togo and government initiatives to support the sector, play a significant role in shaping the Agricultural Product Derivatives market.

These circumstances create opportunities for investors to capitalize on the potential growth of the agricultural sector through derivative products. Underlying macroeconomic factors, such as inflation rates, interest rates, and foreign exchange fluctuations, impact the demand for Agricultural Product Derivatives in Togo. Investors are closely monitoring these factors to make informed decisions and maximize their returns in the market.

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.