Precious Metal Derivatives - Turkmenistan

Turkmenistan

The nominal value in the Precious Metal Derivatives market is projected to reach US$508.20m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 5.69% resulting in a projected total amount of US$670.10m by 2029.
The average price per contract in the Precious Metal Derivatives market amounts to US$0.02 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 33.15k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Precious Metal Derivatives market in Turkmenistan is experiencing a notable increase in trading activities and market participation.

Customer preferences: Traders and investors in Turkmenistan are showing a growing interest in Precious Metal Derivatives as a way to diversify their investment portfolios and hedge against market volatility. They are attracted to the potential for high returns and the ability to speculate on price movements without owning the physical assets.

Trends in the market: One of the key trends in the Precious Metal Derivatives market in Turkmenistan is the adoption of online trading platforms, which have made it easier for individuals to access and trade these financial instruments. Additionally, there is a rising demand for derivatives linked to a variety of precious metals, reflecting the evolving preferences of market participants.

Local special circumstances: Turkmenistan's strategic location as a bridge between East and West has positioned it as a hub for trading activities, including Precious Metal Derivatives. The country's stable political environment and increasing efforts to attract foreign investment have also contributed to the development of the derivatives market.

Underlying macroeconomic factors: The growing economy and rising disposable incomes in Turkmenistan are providing individuals with more capital to invest in financial markets, including Precious Metal Derivatives. Moreover, the government's initiatives to promote financial literacy and investment education are enhancing awareness about the benefits of derivatives trading among the population.

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.