Industry Metal Derivatives - Algeria

Algeria

Highlights

The nominal value in the Industry Metal Derivatives market is projected to reach US$912.80m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 3.67% resulting in a projected total amount of US$1.09bn by 2029.
The average price per contract in the Industry Metal Derivatives market amounts to US$0.00 in 2024.
From a global comparison perspective it is shown that the highest nominal value is reached China (US$2.83tn in 2024).
In the Industry Metal Derivatives market, the number of contracts is expected to amount to 330.40k by 2029.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

Algeria, known for its rich natural resources, is experiencing a growing interest in the Metal Derivatives market. Customer preferences in Algeria are shifting towards alternative investment options like Metal Derivatives, driven by the desire to diversify portfolios and hedge against market volatility.

Investors are increasingly looking for opportunities in the derivatives market to capitalize on price movements in metal commodities. In Algeria, the Metal Derivatives market is witnessing a trend towards increased participation from institutional investors and hedge funds. This trend is fueled by the growing sophistication of market participants and their willingness to explore complex financial instruments for potential higher returns.

Local special circumstances, such as government initiatives to promote the financial markets and attract foreign investment, are also contributing to the development of the Metal Derivatives market in Algeria. Additionally, the country's strategic location as a gateway between Africa and Europe plays a role in attracting international investors looking to access the market. Underlying macroeconomic factors, including economic growth, inflation rates, and geopolitical stability, are influencing the Metal Derivatives market in Algeria.

As the economy continues to diversify and expand, there is a growing demand for risk management tools like metal derivatives to navigate uncertainties in the market. Overall, the Metal Derivatives market in Algeria is poised for further growth and development as investors seek new opportunities in the financial sector to optimize their investment strategies and manage risks effectively.

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.