Precious Metal Derivatives - Australia & Oceania

Australia & Oceania

The nominal value in the Precious Metal Derivatives market is projected to reach US$231.10bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 1.92% resulting in a projected total amount of US$254.10bn by 2029.
The average price per contract in the Precious Metal Derivatives market amounts to US$0.09 in 2024.
From a global comparison perspective it is shown that the highest nominal value is reached in the United States (US$11,920.00bn in 2024).
In the Precious Metal Derivatives market, the number of contracts is expected to amount to 2.93m by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Precious Metal Derivatives market in Australia & Oceania is witnessing a growing demand from investors and traders looking to diversify their portfolios and hedge against market uncertainties. Customer preferences in the region are shifting towards alternative investments like Precious Metal Derivatives due to their ability to provide a hedge against inflation and geopolitical risks.

Investors are increasingly turning to gold and silver derivatives as a safe haven asset in times of economic uncertainty. Trends in the market show a rise in trading volumes of Precious Metal Derivatives, driven by increased interest from institutional investors and retail traders alike. The introduction of innovative derivative products and trading platforms has made it easier for market participants in Australia & Oceania to access and trade these instruments.

Local special circumstances, such as the region's proximity to key mining operations and the strong presence of commodity trading firms, contribute to the development of the Precious Metal Derivatives market. This proximity provides market participants with valuable insights into supply chain dynamics and price movements, influencing their trading decisions. Underlying macroeconomic factors, including interest rate movements, currency fluctuations, and global economic conditions, play a significant role in shaping the Precious Metal Derivatives market in Australia & Oceania.

Investors closely monitor these factors to gauge the direction of precious metal prices and adjust their derivative positions accordingly.

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.