Precious Metal Derivatives - Benin

Benin

The nominal value in the Precious Metal Derivatives market is projected to reach US$1,445.00m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 5.55% resulting in a projected total amount of US$1,893.00m by 2029.
The average price per contract in the Precious Metal Derivatives market amounts to US$0.02 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 92.86k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Precious Metal Derivatives market in Benin is showing signs of steady growth and increasing interest among investors and financial institutions. Customer preferences in Benin for Precious Metal Derivatives are influenced by a desire for portfolio diversification and hedging against inflation and currency fluctuations.

Investors are increasingly looking for alternative investment options beyond traditional assets, and Precious Metal Derivatives provide a valuable opportunity for this diversification. Trends in the market in Benin indicate a growing awareness and understanding of the benefits of Precious Metal Derivatives. As investors seek ways to protect their wealth and manage risks, the demand for these financial instruments is on the rise.

Additionally, the development of the financial sector in Benin is creating more avenues for accessing and trading Precious Metal Derivatives. Local special circumstances, such as the stability of the political and economic environment in Benin, play a significant role in shaping the Precious Metal Derivatives market. The country's regulatory framework and infrastructure for financial markets also impact the accessibility and attractiveness of these instruments to investors.

Underlying macroeconomic factors, including global economic conditions, interest rates, and geopolitical events, influence the performance of the Precious Metal Derivatives market in Benin. As international markets fluctuate, investors in Benin closely monitor these factors to make informed decisions regarding their investments in Precious Metal Derivatives.

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.