Industry Metal Derivatives - Turkey

Turkey

The nominal value in the Industry Metal Derivatives market is projected to reach US$6.33bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of -0.74% resulting in a projected total amount of US$6.10bn by 2029.
The average price per contract in the Industry Metal Derivatives market amounts to US$0.14 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 46.65k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Metal Derivatives market in Turkey is experiencing a notable shift in recent years, reflecting changing customer preferences and local special circumstances.

Customer preferences: Customers in Turkey are increasingly turning to Metal Derivatives as a way to diversify their investment portfolios and hedge against market risks. The growing interest in these financial instruments can be attributed to their potential for high returns compared to traditional investment options.

Trends in the market: One prominent trend in the Metal Derivatives market in Turkey is the rising demand for gold derivatives. Gold has always been a popular investment choice in the country due to its historical significance and perceived stability. As global economic uncertainties persist, investors in Turkey are seeking refuge in gold derivatives to safeguard their wealth.

Local special circumstances: Turkey's geopolitical position and economic volatility have also influenced the Metal Derivatives market. The country's strategic location as a bridge between Europe and Asia makes it susceptible to geopolitical tensions, which can impact market stability. This uncertainty has led investors to seek out Metal Derivatives as a way to navigate potential risks and capitalize on market fluctuations.

Underlying macroeconomic factors: Several macroeconomic factors are contributing to the development of the Metal Derivatives market in Turkey. The country's inflation rate, currency fluctuations, and interest rates play a significant role in shaping investor sentiment towards these financial instruments. Additionally, government policies and regulatory frameworks impact the accessibility and attractiveness of Metal Derivatives to investors in Turkey.

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.