Industry Metal Derivatives - Ethiopia

Ethiopia

Highlights

The nominal value in the Industry Metal Derivatives market is projected to reach US$18.89bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 3.73% resulting in a projected total amount of US$22.69bn by 2029.
The average price per contract in the Industry Metal Derivatives market amounts to US$0.07 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 316.40k by 2029.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Industry Metal Derivatives market in Ethiopia is experiencing a notable growth trajectory. Customer preferences in the Ethiopian Metal Derivatives market are largely influenced by global trends and investor sentiment.

Traders and investors in Ethiopia are showing an increasing interest in metal derivatives as a way to diversify their portfolios and hedge against market volatility. Trends in the market indicate a growing demand for metal derivatives in Ethiopia, driven by the country's expanding economy and the need for risk management tools. Additionally, the integration of technology in trading platforms has made it easier for Ethiopian investors to access global metal derivative markets.

Local special circumstances in Ethiopia, such as the government's focus on industrialization and infrastructure development, are also contributing to the growth of the Metal Derivatives market. As the manufacturing sector expands in the country, there is a growing need for metal derivatives to manage price risks associated with raw materials. Underlying macroeconomic factors, including stable economic growth, increasing foreign direct investment, and a growing middle class, are further fueling the development of the Metal Derivatives market in Ethiopia.

These factors provide a favorable environment for investors to engage in derivative trading activities and explore new opportunities in the market.

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.