Energy Product Derivatives - Niger

Niger

The nominal value in the Energy Product Derivatives market is projected to reach US$178.40m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 5.14% resulting in a projected total amount of US$229.20m by 2029.
The average price per contract in the Energy Product Derivatives market amounts to US$0.01 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 38.29k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Energy Product Derivatives market in Niger is experiencing a shift in customer preferences, driven by a growing interest in diversifying investment portfolios and hedging against market volatility.

Customer preferences: Investors in Niger are increasingly looking towards Energy Product Derivatives as a way to hedge against risks and fluctuations in the global energy market. This trend is in line with the broader shift towards financial derivatives as a means of managing risk and maximizing returns in investment portfolios.

Trends in the market: One notable trend in the Energy Product Derivatives market in Niger is the increasing participation of institutional investors, including pension funds and insurance companies. These institutional investors are attracted to the market's potential for generating returns while mitigating risks, thus contributing to its overall growth and stability.

Local special circumstances: Niger's energy market is heavily influenced by global oil prices and geopolitical events, making Energy Product Derivatives an attractive option for investors seeking to navigate these uncertainties. The country's reliance on energy imports further underscores the importance of effective risk management strategies, driving the demand for derivative products.

Underlying macroeconomic factors: The development of the Energy Product Derivatives market in Niger is also supported by favorable macroeconomic conditions, including stable economic growth and a growing interest in financial markets. As the country continues to diversify its economy and attract foreign investment, the demand for Energy Product Derivatives is expected to further increase, shaping the market's trajectory in the coming years.

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.