Industry Metal Derivatives - Cyprus

Cyprus

The nominal value in the Industry Metal Derivatives market market in Cyprus is forecasted to reach US$9.98bn in 2024.
It is anticipated to demonstrate an annual growth rate (CAGR 2024-2028) of 3.29%, resulting in a projected total amount of US$11.36bn by 2028.
The average price per contract in the Industry Metal Derivatives market market in Cyprus stands at US$0.04 in 2024.
When compared globally, the highest nominal value is reported in South Africa (US$9,397.00bn in 2024).
In the Industry Metal Derivatives market market in Cyprus, the number of contracts is expected to reach 277.80k by 2028.
Cyprus sees a rising demand for metal derivatives in its commodities market, driven by increasing investor interest in diversifying portfolios.

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Analyst Opinion

Cyprus, a country known for its rich history and beautiful landscapes, has seen interesting developments in the Industry Metal Derivatives market. Customer preferences in Cyprus are shifting towards more diverse investment options, including metal derivatives.

Investors are increasingly looking for ways to diversify their portfolios and hedge against market volatility, driving the demand for metal derivatives in the country. Trends in the market show a growing interest in precious metal derivatives such as gold and silver in Cyprus. This trend is influenced by global economic uncertainties and geopolitical tensions, leading investors to seek safe-haven assets like precious metals.

Local special circumstances in Cyprus, such as its strategic location and status as a financial hub, contribute to the development of the metal derivatives market. The country's position as a gateway between Europe, the Middle East, and Africa makes it an attractive destination for investors looking to access different markets. Underlying macroeconomic factors, such as low interest rates and inflation concerns, also play a role in driving the demand for metal derivatives in Cyprus.

Investors are turning to alternative investments like metal derivatives to protect their wealth and generate returns in a challenging economic environment.

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.