Energy Product Derivatives - North Macedonia

North Macedonia

The nominal value in the Energy Product Derivatives market is projected to reach US$4.98bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 5.15% resulting in a projected total amount of US$6.40bn by 2029.
The average price per contract in the Energy Product Derivatives market amounts to US$0.15 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 35.74k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

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

Customer preferences: Customers in North Macedonia are increasingly showing interest in Energy Product Derivatives as a way to diversify their investment portfolios and hedge against market volatility.

Trends in the market: The Energy Product Derivatives market in North Macedonia is witnessing a growing trend towards renewable energy derivatives, reflecting global efforts towards sustainability and environmental consciousness. Additionally, there is an uptick in trading activity of energy futures and options as investors seek to capitalize on price movements in the energy sector.

Local special circumstances: North Macedonia's strategic location in the Balkan region positions it as a key player in the energy market dynamics of Southeast Europe. The country's efforts to modernize its energy infrastructure and reduce dependency on traditional energy sources are driving the demand for Energy Product Derivatives.

Underlying macroeconomic factors: The liberalization of the energy market in North Macedonia, coupled with regulatory reforms to promote competition and transparency, is creating a conducive environment for the growth of Energy Product Derivatives. Additionally, the government's focus on attracting foreign investment in the energy sector is stimulating market activity and innovation in derivative products.

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.