Energy Product Derivatives - Greece

  • Greece
  • The nominal value in the Energy Product Derivatives market is projected to reach US$149.00bn in 2024.
  • It is expected to show an annual growth rate (CAGR 2024-2029) of 5.88% resulting in a projected total amount of US$198.30bn by 2029.
  • The average price per contract in the Energy Product Derivatives market amounts to US$0.75 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 121.20k by 2029.
 
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Analyst Opinion

Amidst the evolving landscape of financial markets in Greece, the Energy Product Derivatives market has been experiencing notable developments and trends. Customer preferences in the Energy Product Derivatives market in Greece are increasingly leaning towards more diverse and sophisticated financial instruments.

Investors are showing a growing interest in energy derivatives as a way to hedge against price fluctuations and manage risk in the volatile energy market. This shift in preferences is in line with the global trend of investors seeking alternative investment options beyond traditional asset classes. Trends in the Energy Product Derivatives market in Greece indicate a rising demand for renewable energy derivatives.

With the increasing focus on sustainability and environmental concerns, market participants are looking for opportunities to invest in renewable energy sources. This trend is reflective of the broader shift towards clean energy investments seen in other European markets. Local special circumstances in Greece, such as the country's efforts to diversify its energy mix and reduce dependence on fossil fuels, are influencing the development of the Energy Product Derivatives market.

The government's initiatives to promote renewable energy projects and attract investments in the sector are creating opportunities for derivative products linked to green energy sources. This unique local context is shaping the dynamics of the Energy Product Derivatives market in Greece. Underlying macroeconomic factors, including regulatory reforms and economic stability, are playing a crucial role in driving the growth of the Energy Product Derivatives market in Greece.

As the country continues to modernize its energy sector and align with EU regulations, investors are gaining confidence in the market. The overall economic environment, coupled with the government's commitment to sustainable energy solutions, is creating a favorable backdrop for the expansion of energy derivatives trading in Greece.

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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