Precious Metal Derivatives - North Macedonia

North Macedonia

The nominal value in the Precious Metal Derivatives market is projected to reach US$1,641.00m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 5.16% resulting in a projected total amount of US$2,110.00m 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 633.90k by 2029.

Market

Region

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Currency

Analyst Opinion

The Precious Metal Derivatives market in North Macedonia is experiencing a notable shift in recent times.

Customer preferences: Investors in North Macedonia are increasingly turning to Precious Metal Derivatives as a means of diversifying their portfolios and hedging against market volatility. The allure of potentially high returns and the ability to trade without owning the physical assets are driving this trend.

Trends in the market: One significant trend in the Precious Metal Derivatives market in North Macedonia is the growing interest from institutional investors. As more institutional players enter the market, trading volumes are seeing an uptick, leading to increased liquidity and a more dynamic trading environment. Additionally, the adoption of advanced trading technologies is making it easier for retail investors to participate in the market, further fueling its growth.

Local special circumstances: North Macedonia's strategic location at the crossroads of Europe, Asia, and Africa positions it as an attractive market for Precious Metal Derivatives trading. The country's stable political environment and supportive regulatory framework are also contributing factors to the market's development. Moreover, the increasing awareness about the benefits of diversification and risk management among local investors is fostering a conducive environment for the growth of the Precious Metal Derivatives market.

Underlying macroeconomic factors: The macroeconomic landscape in North Macedonia, characterized by steady economic growth and low inflation, is bolstering investor confidence in the Precious Metal Derivatives market. As the country continues to attract foreign investments and enhance its financial infrastructure, the demand for sophisticated financial instruments like Precious Metal Derivatives is expected to rise. Additionally, the ongoing digitalization of financial services is making it easier for investors to access and trade these derivatives, further driving market growth.

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.