Precious Metal Derivatives - Nordics

Nordics

The nominal value in the Precious Metal Derivatives market is projected to reach US$201.60bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 4.95% resulting in a projected total amount of US$256.70bn 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 2.06m by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Precious Metal Derivatives market in Nordics continues to see significant growth and development. Customer preferences in the Nordics region are shifting towards more diverse investment options, including Precious Metal Derivatives, as investors seek alternative ways to diversify their portfolios and hedge against market volatility.

Trends in the market indicate a rising demand for Precious Metal Derivatives, driven by a combination of economic uncertainty, low interest rates, and geopolitical tensions. Investors in the Nordics are increasingly turning to these derivatives as a way to protect their investments and capitalize on price movements in the precious metals market. Local special circumstances in the Nordics, such as a strong tradition of financial innovation and a well-developed financial services industry, have created a conducive environment for the growth of the Precious Metal Derivatives market.

Additionally, the region's stable economy and high standard of living have attracted both domestic and international investors looking to participate in the market. Underlying macroeconomic factors, such as changes in interest rates, inflation expectations, and currency movements, play a crucial role in shaping the Precious Metal Derivatives market in the Nordics. As central banks adjust monetary policies and global economic conditions evolve, investors in the region are closely monitoring these factors to make informed decisions about their derivative investments.

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.