Energy Product Derivatives - Turkmenistan

Turkmenistan

The nominal value in the Energy Product Derivatives market is projected to reach US$2.98bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 6.49% resulting in a projected total amount of US$4.08bn by 2029.
The average price per contract in the Energy Product Derivatives market amounts to US$0.03 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 125.60k by 2029.

Market

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Analyst Opinion

The Energy Product Derivatives market in Turkmenistan reflects the country's growing focus on diversifying its energy sector. Customer preferences in Turkmenistan are shifting towards more sophisticated financial instruments, including energy product derivatives, as investors seek to hedge risks and capitalize on market fluctuations.

Trends in the market indicate a gradual increase in the trading volume of energy product derivatives in Turkmenistan, driven by the government's efforts to attract foreign investment and modernize the energy sector. Local special circumstances, such as Turkmenistan's strategic location as a key energy transit country, play a significant role in shaping the Energy Product Derivatives market. The country's position as a major natural gas exporter influences the demand for energy derivatives and creates opportunities for market growth.

Underlying macroeconomic factors, such as Turkmenistan's economic stability and the government's commitment to energy sector reforms, contribute to the development of the Energy Product Derivatives market. The country's efforts to enhance transparency and efficiency in its energy industry attract investors looking to participate in the market.

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.