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The Industry Metal Derivatives market in Papua New Guinea is experiencing a notable shift in recent times.
Customer preferences: In Papua New Guinea, customers are increasingly showing interest in diversifying their investment portfolios by including metal derivatives. This trend is in line with the global market, where investors are looking for alternative investment options to hedge against market volatility.
Trends in the market: The market for metal derivatives in Papua New Guinea is witnessing a steady growth due to the rising demand for these financial instruments. Investors are attracted to the potential returns offered by metal derivatives, especially in a market where traditional investment options may not provide the desired outcomes. This trend aligns with the increasing popularity of metal derivatives in emerging markets worldwide.
Local special circumstances: Papua New Guinea's unique economic landscape, characterized by a growing interest in commodities and natural resources, plays a significant role in the development of the metal derivatives market. The country's focus on mining activities and the export of metals contributes to the local demand for metal derivatives as a financial tool for risk management and investment.
Underlying macroeconomic factors: The macroeconomic factors driving the growth of the metal derivatives market in Papua New Guinea include the country's efforts to attract foreign investment and diversify its economy. As Papua New Guinea continues to strengthen its position in the global market through its natural resources sector, the demand for metal derivatives is expected to rise further. Additionally, the government's initiatives to promote financial market development and investor protection contribute to the overall positive outlook for the metal derivatives market in the country.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)