The global trade finance market reached a value of US$ 44.8 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 66.3 Billion by 2027, exhibiting a CAGR of 6.75% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Trade finance, or export finance, refers to various financial products that are used by organizations to manage international trade and commerce. It is commonly used by banks, trade finance companies, export credit agencies, importers and exporters. Unlike general finance, trade finance introduces a third party to the transactions and is primarily used to streamline cash flow and provide protection against the risks of international trade, such as currency fluctuations, political instability and instances of non-payment.
The publisher’s latest report provides a deep insight into the global trade finance market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the trade finance market in any manner.
2. What is the expected growth rate of the global trade finance market during 2022-2027?
3. What are the key factors driving the global trade finance market?
4. What has been the impact of COVID-19 on the global trade finance market?
5. What is the breakup of the global trade finance market based on the finance type?
6. What is the breakup of the global trade finance market based on the offering?
7. What is the breakup of the global trade finance market based on the service provider?
8. What is the breakup of the global trade finance market based on the end-user?
9. What are the key regions in the global trade finance market?
10. Who are the key players/companies in the global trade finance market?
Trade finance, or export finance, refers to various financial products that are used by organizations to manage international trade and commerce. It is commonly used by banks, trade finance companies, export credit agencies, importers and exporters. Unlike general finance, trade finance introduces a third party to the transactions and is primarily used to streamline cash flow and provide protection against the risks of international trade, such as currency fluctuations, political instability and instances of non-payment.
Global Trade Finance Market Trends:
The global market for trade finance is primarily being driven by rapid urbanization and the steadily growing global trade. Furthermore, the integration of advanced technologies, such as blockchain, artificial intelligence (AI), machine learning (ML) and the Internet of Things (IoT) with trade finance, is also providing a boost to the market growth. These technologies enable the organizations to use chatbots, natural language processing (NLP) and predictive analysis to recognize market patterns, resolve concerns, anticipate demand and take appropriate measures. Additionally, the increasing utilization of electronic systems, such as optical character recognition (OCR), quick response (QR) codes and radio frequency identification (RFID) readers, to enhance the digitization of trade financing operations, is acting as another growth-inducing factor. In comparison to the traditionally used methods, these devices also aid in streamlining the manual process of document identification and simplifying trade transactions. Other factors, including the introduction of clearinghouses that analyze the financial capabilities of buyers and sellers, along with the implementation of favorable government policies and growing investments in the banking, financial services and insurance (BFSI) sector, are projected to drive the market in the coming years.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global trade finance market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on finance type, offering, service provider and end-user.Breakup by Finance Type:
- Structured Trade Finance
- Supply Chain Finance
- Traditional Trade Finance
Breakup by Offering:
- Letters of Credit
- Bill of Lading
- Export Factoring
- Insurance
- Others
Breakup by Service Provider:
- Banks
- Trade Finance Houses
Breakup by End-User:
- Small and Medium Sized Enterprises (SMEs)
- Large Enterprises
Breakup by Region:
North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Asian Development Bank, Banco Santander SA, Bank of America Corp., BNP Paribas SA, Citigroup Inc., Crédit Agricole Group, Euler Hermes, Goldman Sachs Group Inc., HSBC Holdings Plc, JPMorgan Chase & Co., Mitsubishi Ufj Financial Group Inc., Morgan Stanley, Royal Bank of Scotland, Standard Chartered Bank and Wells Fargo & Co., etc.The publisher’s latest report provides a deep insight into the global trade finance market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the trade finance market in any manner.
Key Questions Answered in This Report
1. What was the size of the global trade finance market in 2021?2. What is the expected growth rate of the global trade finance market during 2022-2027?
3. What are the key factors driving the global trade finance market?
4. What has been the impact of COVID-19 on the global trade finance market?
5. What is the breakup of the global trade finance market based on the finance type?
6. What is the breakup of the global trade finance market based on the offering?
7. What is the breakup of the global trade finance market based on the service provider?
8. What is the breakup of the global trade finance market based on the end-user?
9. What are the key regions in the global trade finance market?
10. Who are the key players/companies in the global trade finance market?
Frequently Asked Questions about the Global Trade Finance Market
What is the estimated value of the Global Trade Finance Market?
What is the growth rate of the Global Trade Finance Market?
What is the forecasted size of the Global Trade Finance Market?
Who are the key companies in the Global Trade Finance Market?
Report Attribute | Details |
---|---|
No. of Pages | 143 |
Published | July 2022 |
Forecast Period | 2021 - 2027 |
Estimated Market Value ( USD
| USD 44.8 Billion |
Forecasted Market Value ( USD
| USD 66.3 Billion |
Compound Annual Growth Rate | 6.7% |
Regions Covered | Global |
No. of Companies Mentioned | 15 |
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis
2 Scope and Methodology
4 Introduction
5 Global Trade Finance Market
6 Market Breakup by Finance Type
7 Market Breakup by Offering
8 Market Breakup by Service Provider
9 Market Breakup by End-User
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Asian Development Bank
- Banco Santander SA
- Bank of America Corp.
- BNP Paribas SA
- Citigroup Inc.
- Crédit Agricole Group
- Euler Hermes
- Goldman Sachs Group Inc.
- HSBC Holdings Plc
- JPMorgan Chase & Co.
- Mitsubishi Ufj Financial Group Inc.
- Morgan Stanley
- Royal Bank of Scotland
- Standard Chartered Bank
- Wells Fargo & Co.
Methodology
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