Energy Product Derivatives - Serbia

Serbia

The nominal value in the Energy Product Derivatives market is projected to reach US$31.68bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 3.25% resulting in a projected total amount of US$37.17bn 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 37.45m by 2029.

Market

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Analyst Opinion

The Energy Product Derivatives market in Serbia is experiencing a notable increase in trading activities and product offerings.

Customer preferences: Customers in Serbia are showing a growing interest in Energy Product Derivatives as a way to diversify their investment portfolios and hedge against market volatility. The convenience of trading these derivatives online has also contributed to the rising demand among retail investors.

Trends in the market: One of the key trends in the Energy Product Derivatives market in Serbia is the introduction of new innovative financial products tailored to the specific needs of local investors. This trend is driven by the increasing sophistication of market participants and their desire for more specialized investment instruments. Additionally, there is a noticeable shift towards sustainable energy derivatives as environmental concerns become more prominent in the global energy sector.

Local special circumstances: Serbia's energy market is undergoing significant transformations, with a focus on increasing renewable energy sources and improving energy efficiency. This shift is reflected in the Energy Product Derivatives market, where there is a growing demand for derivatives linked to renewable energy projects and green energy initiatives. The government's support for renewable energy development is also influencing the preferences of market participants in Serbia.

Underlying macroeconomic factors: The overall economic stability and growth prospects in Serbia are bolstering investor confidence in the Energy Product Derivatives market. As the country continues to attract foreign investments and improve its business environment, the demand for energy derivatives is expected to remain robust. Additionally, the integration of Serbia into the European energy market is creating new opportunities for market participants to access a wider range of derivative products and trading platforms.

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.