Industry Metal Derivatives - Armenia

Armenia

The nominal value in the Industry Metal Derivatives market is projected to reach US$7.67bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 4.15% resulting in a projected total amount of US$9.40bn by 2029.
The average price per contract in the Industry Metal 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 China (US$2,835.00bn in 2024).
In the Industry Metal Derivatives market, the number of contracts is expected to amount to 293.80k by 2029.

Market

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Analyst Opinion

Armenia, a country known for its rich history and cultural heritage, is also experiencing interesting developments in the Industry Metal Derivatives market. Customer preferences in Armenia are increasingly leaning towards investing in metal derivatives as a way to diversify their portfolios and hedge against market volatility.

With a growing number of investors looking for alternative investment options, metal derivatives offer a unique opportunity to participate in the commodities market without directly owning physical assets. Trends in the Armenian metal derivatives market are influenced by global economic conditions, geopolitical events, and technological advancements. As the global demand for metals fluctuates, Armenian investors closely monitor market trends to capitalize on price movements and maximize their returns.

Additionally, advancements in trading platforms and analytics tools have made it easier for investors in Armenia to access and trade metal derivatives seamlessly. Local special circumstances, such as Armenia's geographical location and trade relationships, play a significant role in shaping the metal derivatives market. Being a landlocked country, Armenia relies on international trade agreements and partnerships to import and export metals, which can impact metal derivative prices in the local market.

Moreover, the country's economic policies and regulatory environment also influence investor sentiment and participation in the metal derivatives market. Underlying macroeconomic factors, including inflation rates, interest rates, and foreign exchange rates, have a direct impact on the performance of the metal derivatives market in Armenia. Investors closely monitor these factors to assess the overall economic stability and make informed decisions when trading metal derivatives.

Additionally, government policies and industry regulations can shape the future growth and development of the metal derivatives market in Armenia.

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.