Industry Metal Derivatives - Benin

Benin

The nominal value in the Industry Metal Derivatives market is projected to reach US$5.88bn 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$7.04bn by 2029.
The average price per contract in the Industry Metal Derivatives market amounts to US$0.02 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 294.10k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

In Benin, the Metal Derivatives market is experiencing a notable increase in activity and interest. Customer preferences in Benin are shifting towards more diverse investment options, including Metal Derivatives, driven by a growing awareness of the potential returns and risk management benefits they offer.

Investors are increasingly looking for ways to diversify their portfolios and hedge against market volatility, leading to a rising demand for Metal Derivatives in the country. Trends in the market show a gradual but steady adoption of Metal Derivatives among institutional investors and high-net-worth individuals in Benin. This trend is in line with global patterns, where financial derivatives are becoming more popular as sophisticated financial instruments for investment and risk management purposes.

As the market matures, more players are entering the Metal Derivatives space, offering a wider range of products and services to cater to the growing demand. Local special circumstances, such as the limited availability of traditional investment options and the need for effective risk management tools, are driving the growth of the Metal Derivatives market in Benin. With fewer investment avenues compared to more developed markets, investors in Benin are increasingly turning to Metal Derivatives as a way to access global markets and diversify their investment portfolios.

Underlying macroeconomic factors, including economic growth, regulatory environment, and geopolitical stability, play a significant role in shaping the Metal Derivatives market in Benin. As the economy continues to expand and financial regulations evolve to accommodate new investment products, the Metal Derivatives market is expected to further develop and attract more participants looking to capitalize on the opportunities it presents.

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.