Precious Metal Derivatives - Myanmar

Myanmar

The nominal value in the Precious Metal Derivatives market is projected to reach US$8.01bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 5.42% resulting in a projected total amount of US$10.43bn by 2029.
The average price per contract in the Precious Metal Derivatives market amounts to US$0.16 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 58.23k by 2029.

Market

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Analyst Opinion

The Precious Metal Derivatives market in Myanmar is experiencing a growing interest among investors and traders.

Customer preferences: Investors in Myanmar are increasingly turning to Precious Metal Derivatives as a way to diversify their investment portfolios and hedge against market volatility. The ability to speculate on the price movements of precious metals without owning the physical assets is appealing to a wide range of investors in the country.

Trends in the market: One notable trend in the Precious Metal Derivatives market in Myanmar is the increasing participation of retail investors. With the rise of online trading platforms and easy access to market information, retail investors are actively engaging in trading gold and silver derivatives. This trend is contributing to the overall growth and liquidity of the market in the country.

Local special circumstances: Myanmar's growing economy and increasing disposable income levels are also fueling the demand for Precious Metal Derivatives. As more individuals seek alternative investment opportunities beyond traditional options, the Precious Metal Derivatives market is poised to expand further in the country. Additionally, the lack of stringent regulations in the derivatives market is attracting both local and foreign investors looking to capitalize on the potential opportunities available.

Underlying macroeconomic factors: The macroeconomic landscape in Myanmar, including factors such as inflation rates, currency fluctuations, and geopolitical events, plays a significant role in shaping the Precious Metal Derivatives market. Investors in the country are closely monitoring these factors to make informed decisions when trading gold and silver derivatives. As the market continues to evolve, staying attuned to these macroeconomic factors will be crucial for investors looking to navigate the Precious Metal Derivatives market in Myanmar.

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.