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Energy Product Derivatives - Portugal

Portugal
  • The nominal value in the Energy Product Derivatives market is projected to reach US$86.77bn in 2024.
  • It is expected to show an annual growth rate (CAGR 2024-2029) of 6.17% resulting in a projected total amount of US$117.10bn by 2029.
  • The average price per contract in the Energy Product Derivatives market amounts to US$0.26 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 366.70k 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

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

    Customer preferences:
    Customers in Portugal are increasingly turning to Energy Product Derivatives as a way to diversify their investment portfolios and hedge against market volatility. With a growing awareness of the potential risks and rewards associated with derivatives, investors are showing more interest in these financial instruments.

    Trends in the market:
    One of the key trends in the Energy Product Derivatives market in Portugal is the emphasis on renewable energy derivatives. As the country strives to meet its renewable energy targets, there is a rising demand for derivatives linked to solar, wind, and hydroelectric power. This trend is in line with the global shift towards sustainable energy sources and reflects Portugal's commitment to environmental sustainability.

    Local special circumstances:
    Portugal's unique position as a leader in renewable energy production within Europe is shaping the Energy Product Derivatives market in the country. The government's strong support for renewable energy projects and the favorable regulatory environment are driving the development of new derivative products tailored to this sector. Additionally, the country's geographic location and climate make it an ideal market for renewable energy investments, further fueling the demand for related derivatives.

    Underlying macroeconomic factors:
    The overall economic stability and growth in Portugal are also contributing to the expansion of the Energy Product Derivatives market. As the economy continues to recover from past challenges, investors are gaining confidence in the market and are more willing to explore derivative products. Additionally, the low interest rate environment in the Eurozone is pushing investors towards alternative investment options like derivatives, further boosting market activity.

    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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