Energy Product Derivatives - Togo

Togo

The nominal value in the Energy Product Derivatives market is projected to reach US$2.38bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of -0.60% resulting in a projected total amount of US$2.31bn by 2029.
The average price per contract in the Energy Product Derivatives market amounts to US$0.11 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 24.07k by 2029.

Market

Region

Region comparison

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Analyst Opinion

The Energy Product Derivatives market in Togo is experiencing a shift driven by changing customer preferences, market trends, local special circumstances, and underlying macroeconomic factors.

Customer preferences: Customers in Togo are increasingly seeking to diversify their investment portfolios and manage risk more effectively. This has led to a growing interest in Energy Product Derivatives as a way to hedge against price fluctuations and volatility in the energy market.

Trends in the market: One notable trend in the Energy Product Derivatives market in Togo is the increasing participation of institutional investors. This trend is driven by the desire for higher returns and the opportunity to access global energy markets through derivatives trading. Additionally, there is a growing demand for more sophisticated derivative products tailored to the specific needs of investors in Togo.

Local special circumstances: Togo's strategic location in West Africa and its emerging status as a regional financial hub have contributed to the development of the Energy Product Derivatives market. The country's stable political environment and improving regulatory framework have also attracted foreign investors looking to capitalize on the growing market opportunities in the region.

Underlying macroeconomic factors: The growing economy in Togo, coupled with increasing foreign direct investment, has created a favorable environment for the expansion of the Energy Product Derivatives market. Additionally, the government's focus on infrastructure development and energy sector reforms is expected to further drive the demand for derivative products in the country.

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.