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Trade Finance Market Analysis

  • Report ID: GMI7022
  • Published Date: Oct 2023
  • Report Format: PDF

Trade Finance Market Analysis:

Trade Finance Transactional Value, By Provider, 2021 – 2032, (USD Trillion)

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Based on provider, the bank segment accounted for a market share of over 70% in 2022. Banks are increasingly leveraging digitization, blockchain, and other technological innovations to streamline trade finance processes, reducing paperwork and transaction times. Banks are also collaborating with fintech firms to enhance their trade finance services and expand their market reach. As businesses seek more customized solutions and guidance, banks will play a pivotal role in structuring and facilitating trade finance transactions, driving segment growth.
 

Global Trade Finance Market Share, By End-User, 2022

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Based on end user, the exporters segment held a market share of over 40% in 2022, due to globalization and the increase in trade activities. Traders, ranging from small businesses to large corporations, rely on trade finance to access working capital, mitigate risks, and facilitate cross-border transactions. As the global market expands, traders are seeking innovative & flexible financial solutions. They are leveraging trade finance instruments, such as letters of credit and trade credit insurance, to ensure smooth & secure transactions. The segment growth is a response to the rising demand for specialized trade finance services tailored to traders' unique needs.
 

APAC B2B Tarde Finance Transactional Value, 2021 -2032, (USD Trillion)

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Asia Pacific trade finance market captured around 35% of the revenue share in 2022. The region's robust economic expansion and burgeoning trade activities, particularly in countries like China and India, drive the demand for trade finance solutions. Governments and financial institutions are actively promoting trade finance through initiatives like the Belt and Road Initiative. The adoption of digital platforms and innovative fintech solutions is accelerating the efficiency of trade finance processes. Supply chain finance provides critical working capital to companies, helping them to increase business activity and trade. These combined factors position the Asia Pacific as a dominant player in the global trade finance landscape.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market valuation of trade finance was worth USD 9.3 trillion in 2022 and is estimated to witness over 3% CAGR between 2023 and 2032, driven by surge in investments in innovative technologies by multiple organizations worldwide.

The exporters end-user segment held over 40% of the trade finance market share in 2022 and will experience growth through 2032, due to rapid globalization and the increase in trade activities.

Asia Pacific garnered more than 35% share of the trade finance market in 2022 and will experience growth through 2032, due to the robust economic expansion and burgeoning trade activities, mainly in China and India.

Asian Development Bank, Citigroup Inc., Bank of America Corporation, BNP Paribas S.A., Euler Hermes Group, HSBC Holdings PLC, and JP Morgan Chase & Co. are some of the prominent trade finance firms.

Trade Finance Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 18
  • Tables & Figures: 340
  • Countries covered: 21
  • Pages: 230
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