Industry Metal Derivatives - Norway

Norway

The nominal value in the Industry Metal Derivatives market is projected to reach US$213.40bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 3.82% resulting in a projected total amount of US$257.40bn by 2029.
The average price per contract in the Industry Metal Derivatives market amounts to US$0.62 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 367.30k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

In Norway, the Metal Derivatives market is experiencing a notable shift driven by various factors.

Customer preferences: Customers in the Metal Derivatives market in Norway are increasingly leaning towards more diverse investment options, looking beyond traditional financial instruments. This shift is partly due to the growing interest in alternative investments that offer unique risk-return profiles.

Trends in the market: One of the prominent trends in the Metal Derivatives market in Norway is the rising demand for precious metal derivatives. Investors are turning to these instruments as a way to hedge against inflation and economic uncertainties. This trend is in line with the global movement towards safe-haven assets during times of market volatility.

Local special circumstances: Norway's strong focus on sustainability and environmental responsibility is influencing the Metal Derivatives market in unique ways. There is a growing demand for derivatives linked to environmentally friendly metals, reflecting the country's commitment to green initiatives. This special circumstance sets Norway apart in the Metal Derivatives market landscape.

Underlying macroeconomic factors: The Metal Derivatives market in Norway is also influenced by broader macroeconomic factors such as global trade dynamics and commodity prices. As a country rich in natural resources, Norway's economy is closely tied to the performance of the commodities market. Fluctuations in metal prices and trade policies have a direct impact on the Metal Derivatives market in the country.

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.