Industry Metal Derivatives - North Macedonia

North Macedonia

The nominal value in the Industry Metal Derivatives market is projected to reach US$6.78bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 3.54% resulting in a projected total amount of US$8.07bn by 2029.
The average price per contract in the Industry Metal Derivatives market amounts to US$0.03 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 293.00k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Metal Derivatives market in North Macedonia is experiencing steady growth and development. Customer preferences in North Macedonia lean towards utilizing Metal Derivatives as a way to diversify investment portfolios and hedge against market volatility.

Investors in the country are increasingly looking for alternative investment options beyond traditional financial instruments. Trends in the market indicate a growing interest in Metal Derivatives as a means of speculation and risk management. With the global economic landscape becoming more uncertain, investors in North Macedonia are turning to these derivatives to protect their investments and potentially gain higher returns.

Local special circumstances, such as limited investment options in the country and a desire to access international markets, are driving the demand for Metal Derivatives. North Macedonian investors see these financial instruments as a way to participate in global markets without the need for significant capital outlay. Underlying macroeconomic factors, including geopolitical stability and regulatory reforms, are also contributing to the growth of the Metal Derivatives market in North Macedonia.

As the country continues to strengthen its economic position and attract foreign investment, the demand for these derivatives is expected to rise further.

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.