Precious Metal Derivatives - Turkey

Turkey

The nominal value in the Precious Metal Derivatives market is projected to reach US$158.10m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 4.02% resulting in a projected total amount of US$192.50m 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 61.79m by 2029.

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Analyst Opinion

The Precious Metal Derivatives market in Turkey has been experiencing notable growth and evolution in recent years. Customer preferences in Turkey are increasingly leaning towards diversifying investment portfolios and hedging against market risks.

Investors are turning to Precious Metal Derivatives as a way to protect their assets and capitalize on potential price movements. Trends in the market indicate a rising demand for gold and silver derivatives in Turkey. This trend is driven by geopolitical uncertainties, inflation concerns, and a growing interest in alternative investment options.

As a result, the Precious Metal Derivatives market is expanding to cater to the needs of both institutional and retail investors. Local special circumstances, such as Turkey's strategic location bridging Europe and Asia, play a significant role in the development of the Precious Metal Derivatives market. The country's strong historical ties to precious metals, combined with a well-established financial sector, create a conducive environment for the growth of derivative products.

Underlying macroeconomic factors, including fluctuations in the global economy, interest rate movements, and currency volatility, also influence the Precious Metal Derivatives market in Turkey. Investors are closely monitoring these factors to make informed decisions and navigate the market dynamics effectively.

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.