Definition:
The Energy Product Derivatives market refers to derivatives of energy products such as crude oil or coal. 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 crude oil, an investor could own a derivative of crude oil). 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 energy product derivatives are crude oil, coal, or natural gas.Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update:
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update:
Source: Statista Market Insights
Most recent update:
Source: Statista Market Insights
Most recent update:
Source: Statista Market Insights
Most recent update:
Source: Statista Market Insights
The Energy Product Derivatives market in Croatia is experiencing a notable shift in recent years, reflecting the evolving energy landscape in the country.
Customer preferences: Customers in Croatia are increasingly showing interest in Energy Product Derivatives as a way to hedge against the volatility in energy prices. With a growing awareness of risk management strategies, market participants are turning to derivatives to protect their portfolios from price fluctuations.
Trends in the market: One prominent trend in the Croatian Energy Product Derivatives market is the rising demand for renewable energy derivatives. As the country aims to increase its share of renewable energy sources in the overall energy mix, market players are seeking derivatives linked to green energy assets. This trend aligns with global efforts towards sustainability and decarbonization.
Local special circumstances: Croatia's unique geographical position as a gateway between Central Europe and the Adriatic Sea plays a significant role in shaping the Energy Product Derivatives market. The country's energy infrastructure development, including interconnections with neighboring countries, influences the types of derivatives traded and the risk factors involved. Additionally, policy initiatives promoting energy diversification and security further drive the demand for derivatives in the market.
Underlying macroeconomic factors: Macroeconomic factors such as regulatory changes, geopolitical developments, and energy market reforms impact the Energy Product Derivatives market in Croatia. The country's integration into the European Union energy market and compliance with EU regulations contribute to the adoption of standardized derivatives contracts. Moreover, economic growth, energy consumption patterns, and technological advancements influence the overall dynamics of the derivatives market in Croatia.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update:
Source: Statista Market Insights
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