Industry Metal Derivatives - Guinea

Guinea

Highlights

The nominal value in the Industry Metal Derivatives market is projected to reach US$859.80m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 4.06% resulting in a projected total amount of US$1.05bn by 2029.
The average price per contract in the Industry Metal Derivatives market amounts to US$0.00 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 294.20k by 2029.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Industry Metal Derivatives market in Guinea is experiencing a shift in customer preferences towards more diversified investment options.

Customer preferences: In Guinea, customers are increasingly looking for alternative investment opportunities beyond traditional financial instruments. This shift can be attributed to a growing awareness of the potential benefits of diversifying investment portfolios with metal derivatives. Investors are seeking ways to hedge against market volatility and capitalize on potential price movements in the metal derivatives market.

Trends in the market: The market for metal derivatives in Guinea is witnessing a steady increase in participation from both retail and institutional investors. This trend is driven by the desire to explore new avenues for generating returns in a challenging economic environment. As more investors recognize the potential of metal derivatives to enhance their investment strategies, the market is expected to continue growing in the coming years.

Local special circumstances: Guinea's rich mineral resources and mining industry play a significant role in shaping the metal derivatives market in the country. The abundance of metals like bauxite, iron ore, and gold provides a strong foundation for the development of a vibrant market for metal derivatives. Additionally, the government's efforts to promote the mining sector and attract foreign investment create a favorable environment for the growth of the metal derivatives market.

Underlying macroeconomic factors: Macroeconomic factors such as global metal prices, geopolitical events, and economic policies influence the metal derivatives market in Guinea. Fluctuations in metal prices on the international market can impact the demand for metal derivatives in the country. Geopolitical events and economic policies also play a crucial role in shaping investor sentiment and market dynamics. As Guinea continues to navigate these macroeconomic factors, the metal derivatives market will remain dynamic and responsive to external influences.

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.