Industry Metal Derivatives - Turkmenistan

Turkmenistan

The nominal value in the Industry Metal Derivatives market is projected to reach US$2,041.00m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 3.91% resulting in a projected total amount of US$2,473.00m by 2029.
The average price per contract in the Industry Metal Derivatives market amounts to US$0.01 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 287.60k by 2029.

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Analyst Opinion

The Industry Metal Derivatives market in Turkmenistan reflects the growing demand for alternative investment options in the country.

Customer preferences: Investors in Turkmenistan are increasingly looking for diversified investment opportunities beyond traditional asset classes. This shift in preferences is driving the demand for metal derivatives as a way to hedge against market volatility and generate potentially higher returns.

Trends in the market: The market for metal derivatives in Turkmenistan is witnessing a steady increase in participation from both retail and institutional investors. This trend is fueled by the growing awareness of the benefits of including commodities in investment portfolios. As investors seek to spread risk and explore new avenues for capital growth, metal derivatives have become an attractive option.

Local special circumstances: Turkmenistan's strategic location as a key player in the Central Asian region contributes to the development of its metal derivatives market. The country's position as a transit hub for trade between Europe and Asia creates opportunities for investors to capitalize on price differentials and market fluctuations. Additionally, Turkmenistan's focus on economic diversification and modernization is driving interest in commodity trading, including metal derivatives.

Underlying macroeconomic factors: The macroeconomic landscape in Turkmenistan, characterized by stable economic growth and government initiatives to attract foreign investment, provides a favorable environment for the development of the metal derivatives market. As the country continues to strengthen its financial infrastructure and regulatory framework, investors are gaining confidence in participating in derivative markets. This, coupled with the increasing integration of Turkmenistan into the global economy, is expected to further boost the growth of 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.