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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 United States (US$26.91tn in 2024).
  • In the Energy Product Derivatives market, the number of contracts is expected to amount to 121.20k by 2029.

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.

In-Scope

  • Energy Product Derivatives, e.g. natural gas, crude oil

Out-Of-Scope

  • Physical energy products
Energy Product Derivatives: market data & analysis - Cover

Market Insights report

Energy Product Derivatives: market data & analysis

Study Details

    Value Development

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Volume

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Most recent update: Jul 2024

    Source: Statista Market Insights

    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.

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    Energy Product Derivatives: market data & analysis - BackgroundEnergy Product Derivatives: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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