The global Trade Finance market reached a value of about USD 48.7 billion in 2021. The industry is projected to grow at a CAGR of around 3% in the forecast period of 2022-2027 to reach a value of about USD 63.8 billion by 2027.
The global Trade Finance industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The increasing demand for financing services is driving the market's growth. The Asia Pacific is the highest category spender by region, driving the need for the Trade Finance industry.
Trade finance financing international trade flows by serving as an intermediary between importers and exporters to reduce transaction risks and improve working capital efficiency. It is responsible for actions relating to local and international trade finance. Domestic and international trade funding are covered under trade financing, and insurance, loan issuing, and lending are among the activities covered. The buyer and seller and the trade financier, export credit agencies, and insurers are all involved in the trade finance process. The Trade Finance industry report comprises segments by Type (Supply Chain Finance, Structured Trade Finance, Traditional Trade Finance), Service Provider (Banks, Trade Finance Houses, Others), End-User (Exporters, Importers, Traders, Others), and region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).
The Asia Pacific holds the largest market share in the industry Due to the growth in several new technologies, the simplification of trade finance procedures, and favourable government processes in Asia-Pacific nations like India, China, Singapore, South Korea, and Japan.
Buyers, sellers, producers, importers, and exporters all utilise commercial finance to make financing easier as it discusses how trade may be conducted using currency, credit, investments, and other assets. As a result, the benefit of the trade finance industry, which is the availability of simple methods for short-term financing, is primarily driving the market's expansion. In addition, the improved inventory management by various firms is further propelling the market. Furthermore, the demand for safety and security in trading operations and a boom in the use of trade financing by SMEs in emerging countries, greater competition, and new trade agreements are all factors boosting the industry's development.
However, factors such as lack of risk assessment capability, regulatory uncertainty, and operational inefficiencies hamper the industry's growth.
The global Trade Finance industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Trade Finance regions, such as engagement models, contract terms, and buyer and supplier negotiation levers.
Traders, buyers, sellers, manufacturers, importers, and exporters all utilise it to make financing and dealing with cash, credit, and investments, among other assets for trade, easier. The main benefit of trade finance is that it makes it simple to acquire short-term financing. Issuing letters of credit, lending, forfaiting, export credit and financing, and factoring are all examples of trade finance activity. The buyer and seller and the trade financier, export credit agencies, and insurers are all involved in the trade finance process. Least-developed country exporters and importers typically pay relatively high fees, increasing their trade expenses. In contrast, merchants in developed nations profit from low-interest rates and fees supplied by international banks.
The market growth is aided by growing digitisation and risk management solutions. Technological advancements, improved strategic formulation, and structure and pricing methods provide a variety of market growth chances. Furthermore, integrating blockchain technology with trade finance is likely to give a profitable trade finance market potential. Other factors, including Multiple communication channels, trading technology, regulatory compliances, and maintaining an individual's wealth accounts, are likely to impact the market positively.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
There are a few major players presently dominating the market. These companies have used various techniques to expand their market share and boost their position in the trade finance sector.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Trade Finance Market Analysis
8.1 Key Industry Highlights
8.2 Global Trade Finance Historical Market (2017-2021)
8.3 Global Trade Finance Market Forecast (2022-2027)
8.4 Global Trade Finance Market by Type
8.4.1 Supply Chain Finance
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
8.4.2 Structured Trade Finance
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
8.4.3 Traditional Trade Finance
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
8.5 Global Trade Finance Market by Service Provider
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
8.5.2 Trade Finance Houses
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
8.6 Global Trade Finance Market by End User
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
8.7 Global Trade Finance Market by Region
8.7.1 Market Share
188.8.131.52 North America
184.108.40.206 Asia Pacific
220.127.116.11 Latin America
18.104.22.168 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
22.214.171.124 United States of America
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
126.96.36.199 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
188.8.131.52 Saudi Arabia
184.108.40.206 United Arab Emirates
220.127.116.11 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Citigroup Inc.
18.104.22.168 Company Overview
22.214.171.124 Financial Analysis
11.2.2 Asian Development Bank
126.96.36.199 Company Overview
188.8.131.52 Financial Analysis
11.2.3 DBS Bank Ltd
184.108.40.206 Company Overview
220.127.116.11 Financial Analysis
11.2.4 JPMorgan Chase & Co.
18.104.22.168 Company Overview
22.214.171.124 Financial Analysis
11.2.5 BNP Paribas
126.96.36.199 Company Overview
188.8.131.52 Financial Analysis
11.2.6 HSBC Holdings PLC
184.108.40.206 Company Overview
220.127.116.11 Financial Analysis
11.2.7 Euler Hermes
18.104.22.168 Company Overview
22.214.171.124 Financial Analysis
11.2.8 Standard Chartered Bank
126.96.36.199 Company Overview
188.8.131.52 Financial Analysis
12 Industry Events and Developments
The global Trade Finance market size was valued at USD 48.7 billion in 2021.
In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 3%.
The significant demand for maintaining an individual's wealth is one of the essential drivers of the Trade Finance market growth.
Citigroup Inc., Asian Development Bank, DBS Bank Ltd, JPMorgan Chase & Co., and BNP Paribas are some of the prominent players in the market.
The Asia Pacific region of the Trade Finance industry holds a significant share in the market.
The global Trade Finance market attained a value of USD 48.7 billion in 2021, driven by the benefit of the trade finance industry, which is the availability of simple methods for short-term financing. Aided by Technological advancements and improved strategic formulation, as well as the use of structure pricing methods and the integration of blockchain technology, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 3%. The market is projected to reach 63.8 billion by 2027. Some of the leading players in the industry are Citigroup Inc., Asian Development Bank, DBS Bank Ltd, JPMorgan Chase & Co., and BNP Paribas.
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