Industry Metal Derivatives - Uzbekistan

Uzbekistan

Highlights

The nominal value in the Industry Metal Derivatives market is projected to reach US$1.19bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 3.72% resulting in a projected total amount of US$1.43bn by 2029.
The average price per contract in the Industry Metal Derivatives market amounts to US$0.00 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 308.60k by 2029.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Industry Metal Derivatives market in Uzbekistan is experiencing a notable growth trajectory. Customer preferences in Uzbekistan for metal derivatives are influenced by the global demand for these financial instruments.

Investors in the country are increasingly looking to diversify their portfolios and hedge against market volatility, driving the demand for metal derivatives. Trends in the market show a growing interest in gold and silver derivatives in Uzbekistan. This trend is largely driven by the country's rich history in gold production and the cultural significance of precious metals.

Additionally, the stability of these commodities in times of economic uncertainty makes them attractive investment options for Uzbekistan's investors. Local special circumstances, such as the government's efforts to attract foreign investment and develop the financial markets, are also contributing to the growth of the metal derivatives market in Uzbekistan. The country's strategic location along the Silk Road and its natural resources make it an attractive market for international investors looking to trade metal derivatives.

Underlying macroeconomic factors, including the stability of the Uzbekistani economy and the government's commitment to economic reforms, are providing a favorable environment for the development of the metal derivatives market. As the country continues to open up to foreign investment and improve its business environment, the metal derivatives market is expected to further expand in Uzbekistan.

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.