Precious Metal Derivatives - Austria

Austria

The nominal value in the Precious Metal Derivatives market is projected to reach US$55.97bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 2.23% resulting in a projected total amount of US$62.51bn by 2029.
The average price per contract in the Precious Metal Derivatives market amounts to US$0.10 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 708.80k by 2029.

Market

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Currency

Analyst Opinion

The Precious Metal Derivatives market in Austria is experiencing a shift in customer preferences, trends, and local special circumstances.

Customer preferences: Investors in Austria are increasingly turning to Precious Metal Derivatives as a way to diversify their portfolios and hedge against market volatility. The allure of these derivatives lies in their ability to offer exposure to the price movements of precious metals without the need for physical ownership.

Trends in the market: Austria's Precious Metal Derivatives market is witnessing a growing demand for innovative and tailored products that cater to the specific needs of investors. This trend is driven by the increasing sophistication of market participants and their desire for more customized investment solutions.

Local special circumstances: One of the key factors shaping the Precious Metal Derivatives market in Austria is the country's strong tradition of banking and finance. This has created a conducive environment for the development of a diverse range of derivative products, attracting both domestic and international investors looking to capitalize on the expertise and infrastructure available in the country.

Underlying macroeconomic factors: The development of the Precious Metal Derivatives market in Austria is also influenced by broader macroeconomic factors such as interest rates, inflation, and geopolitical events. As investors seek safe-haven assets to protect their wealth in times of uncertainty, the demand for Precious Metal Derivatives is expected to remain robust. Additionally, the country's stable economic environment and regulatory framework further support the growth of this market.

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.