Industry Metal Derivatives - Honduras

Honduras

Highlights

The nominal value in the Industry Metal Derivatives market is projected to reach US$13.97bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 3.71% resulting in a projected total amount of US$16.76bn by 2029.
The average price per contract in the Industry Metal Derivatives market amounts to US$0.06 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 287.80k by 2029.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Industry Metal Derivatives market in Honduras has been experiencing a notable increase in activity and interest in recent years.

Customer preferences: Investors in Honduras have shown a growing interest in metal derivatives as a way to diversify their portfolios and hedge against market volatility. The appeal of these financial instruments lies in their potential for high returns and the opportunity to speculate on price movements without owning the physical assets.

Trends in the market: One of the key trends in the metal derivatives market in Honduras is the increasing adoption of online trading platforms, which have made it easier for retail investors to access these products. This trend has been further fueled by the growing popularity of mobile trading apps, allowing investors to trade metal derivatives on the go.

Local special circumstances: Honduras, being a country with a strong mining industry, has a natural interest in metal derivatives as a way to manage price risks associated with fluctuations in metal prices. The presence of established mining companies in the region also contributes to the demand for these financial instruments.

Underlying macroeconomic factors: The economic stability and growth in Honduras have provided a conducive environment for the development of the metal derivatives market. As the country continues to attract foreign investments, there is a growing need for risk management tools, further driving the demand for metal derivatives. Additionally, the government's efforts to promote the financial sector have also played a role in the market's expansion.

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.