インドの貿易金融市場：貿易活動別、取引規模別、技術採用別、用途別、プロバイダー別、エンドユーザー別、地域別、機会、予測、2018年～2032年

インドの貿易金融の市場規模は、2025年～2032年の予測期間中に7.53％のCAGRで拡大し、2024年の16億3,000万米ドルから2032年には29億1,000万米ドルに成長すると予測されています。市場は、経済を複雑に結びつけ、市場力学を高める様々な要因によって牽引されています。最も重要な原動力は国際貿易の拡大であり、各国が国境を越えた取引を行うようになるにつれ、効率的な資金調達メカニズムの必要性が高まっています。このシナリオにより、金融機関はニーズの変化に合わせて貿易金融サービスを革新し、合理化するようにさえなっています。もちろん、急速な技術進歩は重要な役割を果たしています。例えば、ブロックチェーン技術は貿易金融プロセスの透明性と安全性を大幅に向上させ、信頼と効率性の促進に貢献しています。規制環境と地政学的要因は貿易金融の動向に強い影響を与えます。貿易政策、関税、地政学的緊張の変化は、既存の貿易パターンを一変させ、金融機関に戦略の変更を迫る可能性があります。さらに、為替変動リスク、支払遅延、政治的不確実性などを考慮し、企業が悪影響へのエクスポージャーを最小限に抑えようと努力する中、リスク軽減ツールの必要性が高まることは安定につながるため、市場の成長に寄与します。従って、継続性が様々な貿易金融商品の採用動向を左右することになり、市場の情勢もそれに応じて改善されることが期待されます。

貿易金融には、信用状、銀行保証、インボイス・ファイナンスなど、さまざまな仕組みが含まれます。さまざまなビジネス・ハウスが、国境を越えた取引に伴うリスクや複雑さに対処しています。流動性、支払いの安全性、為替や政治的なやり取りによるリスクの軽減などを提供することで、企業は世界な業務に従事し、サプライチェーン・マネジメントを最適化することができます。2024年9月、インド政府は輸出入に関する包括的な情報を提供することを目的とした貿易コネクトeプラットフォームを導入しました。複数の機関が協力して開発したこのプラットフォームは、貿易関連データにリアルタイムでアクセスできるようにすることで、新規および既存の起業家を支援するよう設計されています。同プラットフォームは2025年までに定期的に更新され、新たなサービスが追加される予定です。

当レポートでは、インドの貿易金融市場について調査し、市場の概要とともに、貿易活動別、取引規模別、技術採用別、用途別、プロバイダー別、エンドユーザー別、地域別動向、および市場に参入する企業のプロファイルなどを提供しています。

目次

第1章 プロジェクトの範囲と定義

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 顧客の声

第5章 インド貿易金融市場の見通し、2018年～2032年

• 市場規模の分析と予測
• 市場シェア分析と予測
• 市場マップ分析、2024年
  • 貿易活動別
  • 取引規模別
  • 技術採用別
  • 用途別
  • プロバイダー別
  • エンドユーザー別
  • 地域別

第6章 需要供給分析

第7章 バリューチェーン分析

第8章 ポーターのファイブフォース分析

第9章 PESTLE分析

第10章 金利分析

第11章 市場力学

第12章 市場の動向と発展

第13章 ケーススタディ

第14章 競合情勢

• 市場リーダートップ5の競合マトリックス
• 参入企業トップ5のSWOT分析
• 市場の主要参入企業トップ10の情勢
  • SBM Bank (India) Limited
  • HDFC Bank Limited
  • ICICI Bank Limited
  • State Bank of India
  • Yes Bank Limited
  • Terkar Global Financial Development Private Limited
  • Standard Chartered PLC
  • Export-Import Bank of India
  • Indian Overseas Bank
  • Kotak Mahindra Bank Limited

第15章 戦略的提言

第16章 お問い合わせと免責事項

List of Tables

• Table 1. Pricing Analysis of Products from Key Players
• Table 2. Competition Matrix of Top 5 Market Leaders
• Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. India Trade Finance Market, By Value, In USD Billion, FY2018-FY2032F
• Figure 2. India Trade Finance Market Share (%), By Trade Activity, FY2018-FY2032F
• Figure 3. India Trade Finance Market Share (%), By Transaction Size, FY2018-FY2032F
• Figure 4. India Trade Finance Market Share (%), By Technology Adoption, FY2018-FY2032F
• Figure 5. India Trade Finance Market Share (%), By Application, FY2018-FY2032F
• Figure 6. India Trade Finance Market Share (%), By Provider, FY2018-FY2032F
• Figure 7. India Trade Finance Market Share (%), By End-user, FY2018-FY2032F
• Figure 8. India Trade Finance Market Share (%), By Region, FY2018-FY2032F
• Figure 9. By Trade Activity Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 10. By Transaction Size Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 11. By Technology Adoption Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 12. By Application Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 13. By Provider Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 14. By End-user Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 15. By Region Map-Market Size (USD Billion) & Growth Rate (%), FY2024

India trade finance market is projected to witness a CAGR of 7.53% during the forecast period FY2025-FY2032, growing from USD 1.63 billion in FY2024 to USD 2.91 billion in FY2032. The market is driven by a complex mixture of factors that intricately link economies and heighten market dynamics. The most important driver is the broadening international trade landscape, increasing the need for efficient financing mechanisms as countries increasingly engage in cross-border transactions. This scenario has even led financial institutions to innovate and streamline their trade finance services with changing needs. Of course, rapid technological advancements play a critical role, for instance, blockchain technology has greatly enhanced the transparency and security of the trade finance process, thereby helping to promote trust and efficiency. The regulatory environment and geopolitical factors have a strong influence on trends in trade finance. A change in trade policies, tariffs, and geopolitical tensions can transform existing trade patterns and force financial institutions to alter their strategies. Moreover, as companies strive to minimize exposure to adverse effects considering currency fluctuation risks, delay in payment, and political uncertainty, it is conducive to market growth since the increasing necessity for risk mitigation tools goes with stability. Hence, continuity is going to dictate the trend of adoption of various trade finance instruments and is expected to enhance the market landscape accordingly.

Trade finance involves a variety of mechanisms, which include letters of credit, bank guarantees, invoice financing, and others. Put together, various business houses deal with the risk and complexity burdened by cross-border transactions. The provision of liquidity, security of payment, risk mitigation from currency, political exchange, and others allows companies to engage in global operations and optimize their supply chain management. In September 2024, the Government of India introduced the Trade Connect ePlatform, designed to offer inclusive information on exports and imports. The platform, developed in collaboration with multiple agencies, is designed to support new and established entrepreneurs by providing real-time access to trade-related data. It will be regularly updated and enhanced to incorporate additional services by 2025.

Surge in Trade Volumes to Boost Market Growth

The increased volume of trade is significantly expanding the trade finance market in India, offering abundant opportunities to financial institutions and businesses. In light of the rising demand for goods and services in global markets, the growing and diversifying Indian economy means exports and imports are witnessing an increase. This widening international trading horizon requires efficient financing solutions that can ease transactions by mitigating potential risks. In this regard, financial institutions have responded to the trend by innovating new products that will cater to the specific needs of businesses engaged in cross-border trade. From June 2023 to June 2024, India's exports rose by USD 848 million (2.47%), increasing from USD 34.3 billion to USD 35.2 billion. In contrast, imports grew by USD 2.69 billion (5.04%), rising from USD 53.5 billion to USD 56.2 billion.

These include letters of credit, invoice financing, and supply chain financing. The growth of trade volumes compels companies, especially SMEs, to search for accessible and flexible financing to optimize their working capital. With initiatives from the Government of India in the upliftment of manufacturing sectors, boosts to the export front, and technological advancement concerning trade finance processes, the general market is likely to grow drastically. With trade finance increasingly being used by companies to alleviate complications and uncertainties concerning international trade, this upward trend in volumes will almost certainly bring the necessary momentum to the growth of the market in India.

Increase in Demand for Supply Chain Finance to Drive Market Growth

The growing demand for supply chain finance is expected to spur growth in India's trade finance market in in the coming years. It is a broader reflection of the trend in global commerce. Due to constant efforts aimed at optimizing their operations and improving cash flows, supply chain finance solutions are continually becoming more attractive to businesses. It helps a company to unblock working capital locked in its supply chain as it offers flexible financing options for suppliers and buyers. Indian competitiveness pushes Indian firms, especially SMEs, to bargain more advantageously with suppliers as it enhances their efficient and effective payments via supply chain finance. Digital transformation strengthens integration with advanced technologies supporting sophisticated supply chain finance, such as blockchain and fintech applications, improving transactional clarity and efficiency.

Government initiatives for promoting manufactures and exports boost the demand for many companies to simplify their operations and save costs. Consequently, the wave of supply chain finance meets the short-term financing needs of an enterprise and inspires sustainable long-term growth of the trade finance market, shifting India from the sidelines to a central position in the global mainstream of trade finance. In February 2024, Cashinvoice, a Mumbai-based supply chain financing platform, secured USD 3.4 million in its Series A funding round from HDFC Bank, Pravega Ventures, and Accion Venture Labs, which will help the company enhance its end-to-end supply chain finance offerings and expand its reach into deeper tiers of the supply chain.

International Segment to Dominate the India Trade Finance Market Share

International business would take the largest share of India trade finance market in the forecast years as globalizing redefined economic spaces. The demand for trade finance solutions, especially for international transactions, has increased as India emerges as a significant player in the world's trading arena. India's cross-border trade, increasingly undertaken by Indian businesses, needs sound financing mechanisms that help companies operate effectively in foreign markets, including complexities due to currency fluctuations, payment risks, and compliance challenges. Financial institutions are aligning themselves with the need by structuring more comprehensive trade finance products such as letters of credit, export credit insurance, and structured trade finance for international operations. In January 2023, ICICI Bank Limited, India's private sector bank, launched a range of digital solutions for exporters such as Export Packing Credit, e-Softex, and others, encompassing banking and value-added services on one platform, marking the first of its kind in the industry full digitalization of the export life cycle, from export market identification and export finance to servicing foreign exchange needs and facilitating receipt of export incentives.

State policy initiatives in export promotion and intensification of trade relations with key foreign countries are boosting the growth of the market. Companies want high-quality, sound, and secure services for trade finance as they expand their markets further. Above all, however, the development and implementation of numerous digital and blockchain-related models into the trade chain harmonizes international trade, which makes access to funds more accessible and straightforward for enterprises. International business will thus contribute highly to the growth of India trade finance market.

West and Central to Dominate India Trade Finance Market Share

West and Central India, especially Maharashtra and Gujarat, play a pivotal role in dominating the country's trade finance market share. Maharashtra, with Mumbai as its financial capital, hosts one of the busiest ports, facilitating a substantial volume of imports and exports. The city is a hub for numerous multinational corporations and financial institutions, which enhances access to trade finance solutions. Similarly, Gujarat boasts major ports, such as Mundra and Kandla, alongside a robust industrial base that includes textiles, chemicals, and engineering. This region's strategic geographic location, coupled with advanced infrastructure and business-friendly policies, attracts significant investment, further boosting trade activities. As businesses in these states engage increasingly in international markets, the demand for efficient trade finance products and services rises, making the West a crucial contributor to India's overall trade finance landscape. The region's focus on innovation and growth continues to position it as a leader in facilitating cross-border trade. In May 2024, India Exim Bank organized a workshop, Financial Services in Free Trade Agreements, to deepen participants' understanding of the role that financial services play in Free Trade Agreement (FTA) negotiations and their impact on global trade and economic development.

South is gradually stepping into the limelight in India's trade finance market. Rapid industrialization and economic growth-based sectors, such as information technology, manufacturing, and logistics, ensure the flourishing of the region. An efficient set-up infrastructure of well-established ports works towards increasing international trading, thus increasing the requirements for a trade finance solution. The South is developing itself as an innovation and sustainability hub, which attracts investment and leads to boosting trade activities.

Future Market Scenario (FY2025 - FY2032F)

Increased adoption of digital platforms and fintech solutions will automate and streamline the processes related to trade finance, making it more efficient and accessible for businesses.

Advanced analytics and AI-driven tools will improve risk assessment and management. These results will allow financial institutions to better navigate economic and market conditions.

Alternative financing models, including supply chain finance and dynamic discounting, will be available and reform will be optional for businesses.

The international financial institutions and international trade partners will realize the benefits of an increased flow of trade finance from this partnership.

Key Players Landscape and Outlook

The dynamic nature of India trade finance market, owing to the presence of major public and private sector banks, NBFCs, and innovative fintech firms, requires a strategic approach to navigation. In this environment, the following strategies are critical for success in terms of navigation, including investment in large-scale technology to transform digitally to expedite processes, enhance customer experiences, and speed turnaround times on transactions. Providers come up with customized trade finance solutions perfectly designed to fit into the unique needs of businesses, especially small and medium enterprises. Therefore, it makes them more relevant in the market. Other common strategic partnerships include more frequent collaborations with fintech companies that enable traditional banks to adopt new and advanced technologies, which will ensure better service delivery and risk management patterns. Sustainability is on a roll, and companies are choosing to include green finance alternatives in their inventory to attract this emerging category of eco-friendly customers. It further allows the development of better risk management by using more sophisticated analytics that help reduce potential trade risks. These tactics are put together to allow players in the trade finance industry to differentiate themselves and respond effectively to the evolving demands imposed by companies engaging in cross-border trade.

In January 2024, Yes Bank Limited became the first Indian bank to execute an export finance transaction on the International Trade Financing Services Platform (ITFS) of RXIL Global IFSC Limited, a leading fintech company registered under the International Financial Services Centres Authority (IFSCA). This partnership offers credit arrangements by Indian and other international institutions for both exporters and importers through factoring and forfeiting services while providing competitive

pricing and fast turnaround time on a digital platform.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Product and Market Intelligence
• 4.2. Mode of Brand Awareness
• 4.3. Factors Considered in Purchase Decisions
  • 4.3.1. Trade Agreements
  • 4.3.2. Currency Risk
  • 4.3.3. Interest Rates
  • 4.3.4. Payment Terms
  • 4.3.5. Supply Chain Reliability
  • 4.3.6. Technology and Platforms
  • 4.3.7. Insurance Options
• 4.4. Customer Support
• 4.5. Consideration of Privacy and Regulations

5. India Trade Finance Market Outlook, FY2018-FY2032F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Trade Activity
    • 5.2.1.1. Trade Credits
    • 5.2.1.2. Trade Loans
    • 5.2.1.3. Factoring
    • 5.2.1.4. Forfaiting
    • 5.2.1.5. Export Credit Agencies
  • 5.2.2. By Transaction Size
    • 5.2.2.1. Small-scale Transactions
    • 5.2.2.2. Medium-scale Transactions
    • 5.2.2.3. Large-scale Transactions
  • 5.2.3. By Technology Adoption
    • 5.2.3.1. Traditional
    • 5.2.3.2. Digital
    • 5.2.3.3. Blockchain-based
  • 5.2.4. By Application
    • 5.2.4.1. International
    • 5.2.4.2. Domestic
  • 5.2.5. By Provider
    • 5.2.5.1. Banks
    • 5.2.5.2. Insurance Companies
    • 5.2.5.3. Trade Finance Houses
    • 5.2.5.4. Others
  • 5.2.6. By End-user
    • 5.2.6.1. Traders
    • 5.2.6.2. Importers
    • 5.2.6.3. Exporters
  • 5.2.7. By Region
    • 5.2.7.1. North
    • 5.2.7.2. South
    • 5.2.7.3. East
    • 5.2.7.4. West and Central
  • 5.2.8. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY2024)
• 5.3. Market Map Analysis, FY2024
  • 5.3.1. By Trade Activity
  • 5.3.2. By Transaction Size
  • 5.3.3. By Technology Adoption
  • 5.3.4. By Application
  • 5.3.5. By Provider
  • 5.3.6. By End-user
  • 5.3.7. By Region

6. Demand Supply Analysis

7. Value Chain Analysis

8. Porter's Five Forces Analysis

9. PESTLE Analysis

10. Interest Rate Analysis

11. Market Dynamics

• 11.1. Market Drivers
• 11.2. Market Challenges

12. Market Trends and Developments

13. Case Studies

14. Competitive Landscape

• 14.1. Competition Matrix of Top 5 Market Leaders
• 14.2. SWOT Analysis for Top 5 Players
• 14.3. Key Players Landscape for Top 10 Market Players
  • 14.3.1. SBM Bank (India) Limited
    • 14.3.1.1. Company Details
    • 14.3.1.2. Key Management Personnel
    • 14.3.1.3. Products and Services
    • 14.3.1.4. Financials (As Reported)
    • 14.3.1.5. Key Market Focus and Geographical Presence
    • 14.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 14.3.2. HDFC Bank Limited
  • 14.3.3. ICICI Bank Limited
  • 14.3.4. State Bank of India
  • 14.3.5. Yes Bank Limited
  • 14.3.6. Terkar Global Financial Development Private Limited
  • 14.3.7. Standard Chartered PLC
  • 14.3.8. Export-Import Bank of India
  • 14.3.9. Indian Overseas Bank
  • 14.3.10. Kotak Mahindra Bank Limited

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

15. Strategic Recommendations

16. About Us and Disclaimer