Precious Metal Derivatives - Burkina Faso

Burkina Faso

The nominal value in the Precious Metal Derivatives market is projected to reach US$844.70m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 5.27% resulting in a projected total amount of US$1,092.00m 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 52.95k by 2029.

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Analyst Opinion

The Precious Metal Derivatives market in Burkina Faso has been experiencing notable developments and trends recently. Customer preferences in Burkina Faso show a growing interest in Precious Metal Derivatives as investment options.

Investors in the country are increasingly looking for alternative ways to diversify their portfolios and hedge against market volatility, leading to a rise in demand for these financial instruments. Trends in the market indicate a shift towards more sophisticated trading strategies involving Precious Metal Derivatives. Investors are exploring complex derivative products to capitalize on price movements in the precious metals market, reflecting a maturing investor base in Burkina Faso.

Local special circumstances, such as limited access to traditional investment opportunities and a relatively underdeveloped financial market, are driving the growth of Precious Metal Derivatives in Burkina Faso. These circumstances are pushing investors to seek out innovative financial instruments like derivatives to achieve their investment goals. Underlying macroeconomic factors, including global economic uncertainty and fluctuating precious metal prices, are also influencing the development of the Precious Metal Derivatives market in Burkina Faso.

Investors are turning to derivatives as a way to navigate market risks and capitalize on potential opportunities presented by the precious metals 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.