Precious Metal Derivatives - Oman

Oman

The nominal value in the Precious Metal Derivatives market market in Oman is forecasted to reach US$1,643.00m in 2024.
It is anticipated to demonstrate an annual growth rate (CAGR 2024-2028) of 4.35%, resulting in a projected total amount of US$1,948.00m by 2028.
The average price per contract in the Precious Metal Derivatives market market in Oman amounts to US$0.28 in 2024.
When considering a global perspective, the in the United States achieves the highest nominal value (US$19,920.00bn in 2024) in the Precious Metal Derivatives market market.
In Oman, the number of contracts is expected to reach 5.82k by 2028.
In Oman, the demand for Precious Metal Derivatives in the Commodities market is steadily increasing due to a growing interest in alternative investment options.

Market

Region

Region comparison

Currency

Analyst Opinion

The Precious Metal Derivatives market in Oman has been experiencing a notable shift in recent years.

Customer preferences: Investors in Oman have shown a growing interest in diversifying their portfolios by including Precious Metal Derivatives. This trend is in line with the global movement towards alternative investments and risk management strategies.

Trends in the market: One of the key trends observed in the Precious Metal Derivatives market in Oman is the increasing participation of institutional investors. This can be attributed to the desire for hedging against market volatility and inflation, as well as the potential for higher returns compared to traditional assets.

Local special circumstances: Oman's strategic location and its role as a major trading hub in the region have contributed to the development of the Precious Metal Derivatives market. The country's stable political environment and supportive regulatory framework have also attracted foreign investors looking to capitalize on the opportunities in the market.

Underlying macroeconomic factors: The economic diversification efforts undertaken by the Omani government have bolstered the overall investment climate in the country. As a result, more investors are turning to Precious Metal Derivatives as a way to capitalize on the potential growth opportunities in the market. Additionally, the increasing geopolitical tensions in the region have led investors to seek safe-haven assets like precious metals, further driving the demand for derivatives in Oman.

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.