Precious Metal Derivatives - Bulgaria

Bulgaria

The nominal value in the Precious Metal Derivatives market is projected to reach US$8.19bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 5.61% resulting in a projected total amount of US$10.76bn by 2029.
The average price per contract in the Precious Metal Derivatives market amounts to US$0.14 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 74.70k by 2029.

Market

Region

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Currency

Analyst Opinion

The Precious Metal Derivatives market in Bulgaria is experiencing a notable shift in recent years. Customer preferences in Bulgaria are inclining towards more diverse investment options, including Precious Metal Derivatives, as they seek to diversify their portfolios and hedge against market volatility.

Trends in the market show a growing interest from retail investors in Bulgaria who are increasingly participating in Precious Metal Derivatives trading, driven by the accessibility of online trading platforms and the potential for high returns. Local special circumstances, such as the country's stable economic growth and increasing disposable income among the population, are contributing to the development of the Precious Metal Derivatives market in Bulgaria. Additionally, the presence of a well-established financial sector and regulatory framework is boosting investor confidence in engaging with these financial instruments.

Underlying macroeconomic factors, including global economic uncertainties and geopolitical tensions, are also playing a role in driving the demand for Precious Metal Derivatives in Bulgaria. Investors are turning to these instruments as a safe haven asset during times of market instability, further fueling the growth of the market in the country.

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.