Precious Metal Derivatives - Jordan

Jordan

The nominal value in the Precious Metal Derivatives market is projected to reach US$161.20m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 4.41% resulting in a projected total amount of US$200.00m by 2029.
The average price per contract in the Precious Metal Derivatives market amounts to US$0.00 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 109.00k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

Over the past few years, the Precious Metal Derivatives market in Jordan has shown a steady growth trajectory, reflecting the global trend towards alternative investments.

Customer preferences: Investors in Jordan have shown an increasing interest in diversifying their portfolios by including Precious Metal Derivatives. This trend is in line with the growing popularity of these derivatives as a hedge against economic uncertainties and inflation.

Trends in the market: One notable trend in the Precious Metal Derivatives market in Jordan is the rising demand for gold and silver contracts. This can be attributed to the traditional cultural significance of these metals in the region, as well as their perceived stability during times of market volatility.

Local special circumstances: Jordan's strategic location in the Middle East, coupled with its stable economic environment, makes it an attractive destination for investors looking to access the Precious Metal Derivatives market. The country's well-established financial infrastructure also contributes to the ease of trading these derivatives.

Underlying macroeconomic factors: The geopolitical stability of Jordan, compared to other countries in the region, plays a crucial role in attracting investors to the Precious Metal Derivatives market. Additionally, the government's efforts to promote foreign investments and strengthen regulatory frameworks have further boosted confidence in the 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.