Industry Metal Derivatives - Chad

Chad

The nominal value in the Industry Metal Derivatives market is projected to reach US$2.50bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 3.44% resulting in a projected total amount of US$2.96bn by 2029.
The average price per contract in the Industry Metal Derivatives market amounts to US$0.01 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 263.40k by 2029.

Market

Region

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Analyst Opinion

The Industry Metal Derivatives market in Chad is experiencing a gradual but steady growth in recent years. Customer preferences in Chad for metal derivatives are influenced by the global market trends.

Investors and traders in Chad show a growing interest in metal derivatives as a way to diversify their portfolios and hedge against market volatility. Trends in the market in Chad suggest an increasing participation in metal derivatives trading. This trend can be attributed to the growing awareness among investors about the potential returns and risk management benefits associated with these financial instruments.

Local special circumstances, such as limited access to traditional investment options and a desire to explore alternative investment opportunities, are driving the demand for metal derivatives in Chad. Additionally, the relatively stable political environment in the country is boosting investor confidence in engaging with these financial instruments. Underlying macroeconomic factors, such as fluctuating global metal prices and currency exchange rates, play a significant role in shaping the metal derivatives market in Chad.

Investors in Chad closely monitor these factors to make informed decisions and capitalize on market opportunities.

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.