Product Code: SR0722A11_Report
The global trade finance market reached a value of US$ 44.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 66.3 Billion by 2027, exhibiting a CAGR of 6.57% during 2022-2027. 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.
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:
- IMARC Group 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., Credit 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.
- IMARC Group'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?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Trade Finance Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Finance Type
- 6.1 Structured Trade Finance
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Supply Chain Finance
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Traditional Trade Finance
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Offering
- 7.1 Letters of Credit
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Bill of Lading
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Export Factoring
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Insurance
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Service Provider
- 8.1 Banks
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Trade Finance Houses
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by End-User
- 9.1 Small and Medium Sized Enterprises (SMEs)
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Large Enterprises
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.2 Asia Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Asian Development Bank
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Banco Santander SA
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Bank of America Corp.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 BNP Paribas SA
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Citigroup Inc.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Credit Agricole Group
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Euler Hermes
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Goldman Sachs Group Inc.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 HSBC Holdings Plc
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 JPMorgan Chase & Co.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 Mitsubishi Ufj Financial Group Inc.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 Morgan Stanley
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.13 Royal Bank of Scotland
- 14.3.13.1 Company Overview
- 14.3.13.2 Product Portfolio
- 14.3.14 Standard Chartered Bank
- 14.3.14.1 Company Overview
- 14.3.14.2 Product Portfolio
- 14.3.15 Wells Fargo & Co.
- 14.3.15.1 Company Overview
- 14.3.15.2 Product Portfolio