Industry Metal Derivatives - Bulgaria

Bulgaria

Highlights

The nominal value in the Industry Metal Derivatives market is projected to reach US$33.38bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 3.78% resulting in a projected total amount of US$40.17bn by 2029.
The average price per contract in the Industry Metal Derivatives market amounts to US$0.12 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 311.10k by 2029.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Industry Metal Derivatives market in Bulgaria has been experiencing notable growth and evolution in recent years. Customer preferences in Bulgaria for metal derivatives are influenced by a variety of factors, including the global demand for metals, geopolitical events impacting metal prices, and the overall economic outlook.

Investors in Bulgaria are increasingly looking to diversify their portfolios and hedge against market volatility by investing in metal derivatives. Trends in the market show a growing interest in metal derivatives as financial instruments for both institutional and retail investors in Bulgaria. The development of the metal derivatives market in the country is also driven by advancements in technology, which have made trading more accessible and efficient.

Additionally, regulatory changes and the entry of new market players have contributed to the expansion of the metal derivatives market in Bulgaria. Local special circumstances, such as the country's strong industrial sector and mining activities, play a significant role in shaping the metal derivatives market in Bulgaria. The demand for metal derivatives is closely linked to the performance of the local metal industry, which in turn is influenced by global market dynamics and domestic policies.

Underlying macroeconomic factors, including inflation rates, exchange rates, and trade policies, also impact the metal derivatives market in Bulgaria. Economic stability and growth prospects in the country drive investor confidence and affect the overall demand for metal derivatives as a financial asset class. As Bulgaria continues to integrate into the global economy, the metal derivatives market is expected to further expand and mature.

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.