Industry Metal Derivatives - Ivory Coast

Ivory Coast

The nominal value in the Industry Metal Derivatives market is projected to reach US$18.66bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 3.63% resulting in a projected total amount of US$22.30bn 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 in China (US$2,835.00bn in 2024).
In the Industry Metal Derivatives market, the number of contracts is expected to amount to 308.00k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Industry Metal Derivatives market in Ivory Coast is experiencing a notable shift in recent years.

Customer preferences: Investors in Ivory Coast are increasingly turning to 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 Ivory Coast is the growing interest in gold derivatives. Gold has always been a popular investment choice in the country due to its perceived stability and ability to retain value during economic uncertainties. As a result, the demand for gold derivatives, such as futures and options, has been on the rise.

Local special circumstances: Ivory Coast's status as one of the fastest-growing economies in Africa has also contributed to the development of the Metal Derivatives market. The country's strong economic growth has attracted foreign investors looking to capitalize on the expanding market opportunities. Additionally, the government's efforts to promote a more investor-friendly environment have further fueled the interest in metal derivatives trading.

Underlying macroeconomic factors: The stability of Ivory Coast's political landscape and the government's commitment to economic reforms have instilled confidence among investors, driving the growth of the Metal Derivatives market. Furthermore, the country's strategic location and access to key markets in the region make it an attractive destination for investors seeking exposure to metal derivatives. Overall, the combination of favorable macroeconomic factors and increasing investor interest is propelling the Metal Derivatives market in Ivory Coast towards further growth and development.

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.