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Report
Global Trade Finance Market Report and Forecast 2023-2028
Market Report I 2023-03-06 I 123 Pages I EMR Inc.
Global Trade Finance Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global trade finance market attained a value of USD 49 billion in 2022. Aided by the increasing globalisation of trade and the need for efficient financing solutions, the market is projected to further grow at a CAGR of 4.3% between 2023 and 2028 to reach a value of USD 63.09 billion by 2028.
Trade finance encompasses the financial instruments and products used by companies to facilitate international trade and commerce. It plays a vital role in mitigating the risks involved in cross-border trade transactions and ensures that both exporters and importers can complete their business dealings with assurance. Trade finance instruments include letters of credit, factoring, export credit, and insurance, among others. Rising focus on sustainable trade practices and the need for transparency in supply chains are other key trends propelling the growth of the global trade finance market. As companies strive to improve their environmental, social, and governance (ESG) performance, there is an increasing emphasis on incorporating sustainability into trade finance operations. This includes promoting green finance initiatives and adopting sustainable supply chain management practices. Moreover, with the rising concerns about fraud and unethical practices in international trade, there is a growing demand for transparent and secure trade finance solutions that can help businesses ensure compliance with regulations and ethical standards. These factors are anticipated to positively contribute towards the growth of the trade finance market.
As businesses expand their operations across various countries, the demand for trade finance solutions to facilitate transactions and minimise risks is on the rise. Furthermore, the adoption of digital technology and the emergence of fintech companies in the trade finance sector are contributing to the growth of the global trade finance market by offering innovative and efficient solutions. The proliferation of small and medium-sized enterprises (SMEs) engaging in international trade is also boosting the demand for trade finance services. SMEs often face challenges in accessing traditional financing solutions due to their limited scale and resources. However, trade finance instruments provide the necessary support and liquidity for SMEs to participate in cross-border trade, thereby promoting the growth of the global economy. As a result, governments and financial institutions are increasingly focusing on developing and offering trade finance products tailored to the specific needs of SMEs, further driving the growth of the trade finance market.
Technological advancements, such as the adoption of blockchain technology and artificial intelligence (AI) in trade finance operations, are expected to revolutionise the trade finance market in the coming years. These technologies offer numerous benefits, including enhanced security, reduced transaction costs, and increased efficiency in trade finance processes. Moreover, the implementation of these advanced technologies can help streamline documentation and improve transparency in the supply chain, leading to increased trust and confidence among trading partners.
Market Segmentation?
The market can be divided on the basis of type, service provider, end user, and region.
Market Breakup by Type:
- Supply Chain Finance
- Structured Trade Finance
- Traditional Trade Finance
Market Segmentation by Service Provider:
- Banks
- Trade Finance Houses
- Others
Market Segregation by End User:
- Exporters
- Importers
- Traders
- Others
Market Division by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape?
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global trade finance companies. Some of the major key players explored in the report by Expert Market Research are as follows:???
- Citigroup Inc.
- Asian Development Bank
- DBS Bank Ltd
- JPMorgan Chase & Co. (NYSE: JPM)
- BNP Paribas
- Standard Chartered Bank
- Euler Hermes [Allianz SE]
- HSBC Holdings PLC [HSBC Group]
- Others
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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.?
1 Preface
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
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Trade Finance Market Analysis
8.1 Key Industry Highlights
8.2 Global Trade Finance Historical Market (2018-2022)
8.3 Global Trade Finance Market Forecast (2023-2028)
8.4 Global Trade Finance Market by Type
8.4.1 Supply Chain Finance
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Structured Trade Finance
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Traditional Trade Finance
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Trade Finance Market by Service Provider
8.5.1 Banks
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Trade Finance Houses
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Others
8.6 Global Trade Finance Market by End User
8.6.1 Exporters
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Importers
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Traders
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Trade Finance Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
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.
11.2.1.1 Company Overview
11.2.1.2 Financial Analysis
11.2.2 Asian Development Bank
11.2.2.1 Company Overview
11.2.2.2 Financial Analysis
11.2.3 DBS Bank Ltd
11.2.3.1 Company Overview
11.2.3.2 Financial Analysis
11.2.4 JPMorgan Chase & Co.
11.2.4.1 Company Overview
11.2.4.2 Financial Analysis
11.2.5 BNP Paribas
11.2.5.1 Company Overview
11.2.5.2 Financial Analysis
11.2.6 HSBC Holdings PLC
11.2.6.1 Company Overview
11.2.6.2 Financial Analysis
11.2.7 Euler Hermes
11.2.7.1 Company Overview
11.2.7.2 Financial Analysis
11.2.8 Standard Chartered Bank
11.2.8.1 Company Overview
11.2.8.2 Financial Analysis
11.2.9 Others
12 Industry Events and Developments
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