Precious Metal Derivatives - Niger

Niger

The nominal value in the Precious Metal Derivatives market is projected to reach US$29.84m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 5.58% resulting in a projected total amount of US$39.14m 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 482.30k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Precious Metal Derivatives market in Niger is experiencing a shift in demand and trading patterns.

Customer preferences: Investors in Niger are increasingly turning to Precious Metal Derivatives as a way to diversify their portfolios and hedge against market volatility. The ease of trading and potential for high returns are attracting a growing number of retail and institutional investors to this market.

Trends in the market: One noticeable trend in the Precious Metal Derivatives market in Niger is the growing interest in gold derivatives. As a traditional safe-haven asset, gold continues to be a popular choice for investors looking to protect their wealth during uncertain times. The demand for gold derivatives is on the rise as investors seek exposure to this precious metal without the need for physical ownership.

Local special circumstances: Niger's economy is heavily reliant on commodity exports, making it susceptible to fluctuations in global commodity prices. As a result, investors in Niger are turning to Precious Metal Derivatives as a way to diversify their investment portfolios and reduce their exposure to the volatility of the commodity markets. The flexibility and liquidity of Precious Metal Derivatives make them an attractive option for investors looking to manage their risk effectively.

Underlying macroeconomic factors: The geopolitical and economic uncertainties in the region are driving investors in Niger to seek alternative investment opportunities. Precious Metal Derivatives offer a way for investors to gain exposure to the global financial markets and potentially benefit from the price movements of precious metals. Additionally, the development of the financial sector in Niger is creating more avenues for investors to access derivative products, further fueling the growth of the Precious Metal Derivatives 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.