Industry Metal Derivatives - Uruguay

Uruguay

Highlights

The nominal value in the Industry Metal Derivatives market is projected to reach US$32.80bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 3.62% resulting in a projected total amount of US$39.18bn by 2029.
The average price per contract in the Industry Metal Derivatives market amounts to US$0.13 in 2024.
From a global comparison perspective it is shown that the highest nominal value is reached China (US$2.83tn in 2024).
In the Industry Metal Derivatives market, the number of contracts is expected to amount to 277.10k by 2029.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

Uruguay, known for its rich agricultural industry, has seen a growing interest in the Metal Derivatives market in recent years. Customer preferences in Uruguay lean towards investing in Metal Derivatives as a way to diversify portfolios and hedge against market volatility.

Investors in the country are increasingly looking for alternative investment options beyond traditional stocks and bonds, driving the demand for metal derivatives. Trends in the market show a shift towards more sophisticated trading strategies and risk management techniques in Uruguay. As investors become more knowledgeable about the potential benefits of metal derivatives, trading volumes are on the rise.

Additionally, the introduction of new financial products and services is further fueling the growth of the market. Local special circumstances, such as a stable political environment and a growing economy, are creating a favorable climate for the development of the Metal Derivatives market in Uruguay. The country's strategic location and strong trade relationships also play a role in attracting foreign investors to participate in the market.

Underlying macroeconomic factors, including inflation rates and interest rates, are influencing the Metal Derivatives market in Uruguay. As the economy continues to expand, investors are seeking ways to capitalize on the growth opportunities presented by the metal derivatives market. Additionally, government policies and regulations are shaping the landscape of the market and providing a framework for sustainable growth.

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.