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Industry Metal Derivatives - Iraq

Iraq
  • The nominal value in the Industry Metal Derivatives market is projected to reach US$5.30bn in 2024.
  • It is expected to show an annual growth rate (CAGR 2024-2029) of 2.97% resulting in a projected total amount of US$6.14bn by 2029.
  • The average price per contract in the Industry Metal Derivatives market amounts to US$0.02 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 321.00k by 2029.

Definition:

The Industrial Metal Derivatives market refers to derivatives of industrial metals such as copper or aluminum. These include financial vehicles such as options & futures. Derivatives allow investors to profit from a commodity’s value development without owning the physical commodity (e.g. instead of owning a unit of copper, an investor could own a derivative of copper). Therefore, physical commodities are out of scope in this analysis.

Structure:

The market contains the following KPIs: annual notional value, the number of traded contracts, the open interest (number of outstanding contracts at the end of a year), the average notional value per contract as well as the price data of popular specific derivatives of this category.

Additional information:

Examples of popular Industrial metal derivatives are copper, aluminum, or iron.

In-Scope

  • Industry Metal Derivatives, e.g. Copper, Zinc, Iron

Out-Of-Scope

  • Physical industry metals
Industrial Metal Derivatives: market data & analysis - Cover

Market Insights report

Industrial Metal Derivatives: market data & analysis

Study Details

    Value Development

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Volume

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Industry Metal Derivatives market in Iraq has been experiencing notable growth and development in recent years. Customer preferences in the metal derivatives market in Iraq are influenced by various factors such as economic stability, geopolitical considerations, and global market trends.

    Iraqi investors and traders show a growing interest in metal derivatives as a way to diversify their investment portfolios and hedge against market volatility. The preference for metal derivatives is also driven by their liquidity and potential for high returns compared to traditional investment options. Trends in the metal derivatives market in Iraq indicate a shift towards increased participation from institutional investors and a rise in trading volumes.

    The market is witnessing the introduction of new financial products and innovative trading strategies to meet the evolving needs of investors. Additionally, there is a growing trend towards the adoption of technology in trading platforms, enabling investors to access the market easily and efficiently. Local special circumstances in Iraq, such as the country's rich natural resources and strategic location, play a significant role in shaping the metal derivatives market.

    The presence of metal mining and extraction industries in Iraq contributes to the availability of underlying assets for metal derivatives. Moreover, geopolitical factors and regional dynamics can impact market sentiment and trading activities in the metal derivatives market. Underlying macroeconomic factors, including GDP growth, inflation rates, and government policies, also influence the metal derivatives market in Iraq.

    Economic stability and regulatory reforms play a crucial role in attracting foreign investments and fostering market growth. As Iraq continues to strengthen its economic fundamentals and improve investor confidence, the metal derivatives market is expected to witness further expansion and diversification.

    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.

    Financial

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    Industrial Metal Derivatives: market data & analysis - BackgroundIndustrial Metal Derivatives: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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