Industry Metal Derivatives - Tanzania

  • Tanzania
  • The nominal value in the Industry Metal Derivatives market is projected to reach US$22.26bn in 2024.
  • It is expected to show an annual growth rate (CAGR 2024-2029) of 3.70% resulting in a projected total amount of US$26.70bn by 2029.
  • The average price per contract in the Industry Metal Derivatives market amounts to US$0.08 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 308.60k by 2029.
 
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Analyst Opinion

The Industry Metal Derivatives market in Tanzania is experiencing a notable surge in interest and activity. Customer preferences in the Tanzanian market for metal derivatives are largely influenced by the global trends in commodity trading.

Investors are increasingly looking to diversify their portfolios and hedge against market volatility by including metal derivatives in their investment strategies. Trends in the Tanzanian metal derivatives market show a growing demand for derivatives linked to precious metals such as gold and silver. This trend is driven by the perception of these metals as safe-haven assets during times of economic uncertainty.

Additionally, there is a rising interest in base metals derivatives due to the country's expanding industrial sector. Local special circumstances in Tanzania, such as the country's rich mineral resources and mining activities, play a significant role in shaping the metal derivatives market. The presence of mining companies and the government's focus on promoting the mining sector contribute to the demand for metal derivatives as a financial tool for risk management and investment.

Underlying macroeconomic factors, including global metal prices, currency exchange rates, and geopolitical events, also impact the metal derivatives market in Tanzania. Investors closely monitor these factors to make informed decisions and capitalize on market opportunities in the metal derivatives space.

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.

Overview

  • Value Development
  • Volume
  • Analyst Opinion
  • Methodology
  • Key Market Indicators
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