Energy Product Derivatives - Burkina Faso

Burkina Faso

The nominal value in the Energy Product Derivatives market is projected to reach US$5.02bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 6.23% resulting in a projected total amount of US$6.79bn by 2029.
The average price per contract in the Energy Product Derivatives market amounts to US$0.12 in 2024.
From a global comparison perspective it is shown that the highest nominal value is reached in the United States (US$26,910.00bn in 2024).
In the Energy Product Derivatives market, the number of contracts is expected to amount to 46.92k by 2029.

Market

Region

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Currency

Analyst Opinion

The Energy Product Derivatives market in Burkina Faso reflects the country's growing interest in financial instruments tied to energy products. Customer preferences in Burkina Faso are shifting towards Energy Product Derivatives as investors seek to diversify their portfolios and hedge against volatility in the energy markets.

Trends in the market show an increasing demand for Energy Product Derivatives in Burkina Faso, driven by the need for risk management and speculation opportunities in the energy sector. Local special circumstances, such as limited access to traditional energy markets and a growing economy, are contributing to the development of the Energy Product Derivatives market in Burkina Faso. Underlying macroeconomic factors, including political stability and government regulations, play a crucial role in shaping the growth of the Energy Product Derivatives market in Burkina Faso.

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.