Energy Product Derivatives - Iraq

  • Iraq
  • The nominal value in the Energy Product Derivatives market is projected to reach US$1.16bn in 2024.
  • It is expected to show an annual growth rate (CAGR 2024-2029) of 11.51% resulting in a projected total amount of US$2.00bn by 2029.
  • The average price per contract in the Energy Product Derivatives market amounts to US$0.00 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 280.20k by 2029.
 
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Analyst Opinion

The Energy Product Derivatives market in Iraq is experiencing a notable shift in recent years.

Customer preferences:
Customers in Iraq are increasingly turning to Energy Product Derivatives as a way to hedge risks and speculate on price movements in the energy sector. The market is witnessing a growing demand from both institutional investors and retail traders who seek exposure to the energy market without directly owning physical commodities.

Trends in the market:
One of the key trends in the Energy Product Derivatives market in Iraq is the introduction of new financial instruments tailored to the specific needs of investors in the region. Derivatives linked to Iraqi oil prices are gaining popularity as investors look for opportunities to capitalize on the country's significant oil reserves. Additionally, the market is seeing a rise in trading volumes as more participants enter the market, leading to increased liquidity and price discovery.

Local special circumstances:
Iraq's status as one of the largest oil producers in the world plays a significant role in shaping the Energy Product Derivatives market in the country. The reliance on oil exports for government revenue and the volatility of oil prices on the global market create a unique set of circumstances for investors in Iraq. As a result, there is a growing interest in Energy Product Derivatives as a tool for managing exposure to oil price fluctuations and geopolitical risks in the region.

Underlying macroeconomic factors:
The macroeconomic environment in Iraq, including factors such as geopolitical instability, government policies, and global oil market dynamics, has a direct impact on the Energy Product Derivatives market. Investors closely monitor developments in the energy sector, as well as broader economic indicators, to make informed decisions in the derivatives market. The interplay between local and global factors shapes the opportunities and challenges faced by participants in the Energy Product Derivatives market in Iraq.

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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