Precious Metal Derivatives - Guyana

Guyana

The nominal value in the Precious Metal Derivatives market is projected to reach US$920.50m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 6.67% resulting in a projected total amount of US$1,271.00m 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 11.45k by 2029.

Market

Region

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Currency

Analyst Opinion

The Precious Metal Derivatives market in Guyana is experiencing a gradual but steady growth in recent years. Customer preferences in Guyana are shifting towards alternative investment options such as Precious Metal Derivatives, driven by a desire for portfolio diversification and hedging against inflation and economic uncertainties.

Trends in the market indicate an increasing demand for Precious Metal Derivatives among institutional investors and high-net-worth individuals in Guyana, as they seek exposure to the price movements of precious metals without owning the physical assets. Local special circumstances, such as limited investment options and a nascent financial market, are prompting investors in Guyana to explore Precious Metal Derivatives as a sophisticated financial instrument to enhance their investment portfolios. Underlying macroeconomic factors, including global economic conditions and geopolitical tensions, play a significant role in shaping the Precious Metal Derivatives market in Guyana, as investors look for safe-haven assets to protect their wealth during times of market volatility.

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.