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Report
Global Trade Finance Market Report and Forecast 2024-2032
Market Report I 2023-12-13 I 195 Pages I EMR Inc.
Global Trade Finance Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global trade finance market is projected to grow at a CAGR of 4.3% between 2024 and 2032. Aided by the resurgence in international trade activities, technological advancements in finance, and the need for risk mitigation in cross-border transactions, the market is expected to grow significantly by 2032.
Trade finance represents the financial facilities and instruments that traders, investors, and banks use to facilitate international trade and commerce. This encompasses various products such as letters of credit, export-credit, insurance, and trade loans, aimed at reducing the risks involved in global trade, particularly for exporters. Trade finance plays an indispensable role in bridging the gap between importers and exporters, making it a linchpin of global commerce.
The resurgence in international trade activities, post the economic slowdown, has been a major catalyst for the trade finance market growth. As countries look to bolster their economies, there has been a renewed emphasis on exports, with many nations offering incentives, subsidies, and supportive policies. This upward trend in trade activities necessitates robust trade financing solutions to manage the complexities and risks of international transactions.
Technological advancements in the financial sector further augment this market's growth trajectory. As per the trade finance market analysis, the digitisation of trade finance, powered by technologies like blockchain, artificial intelligence, and big data analytics, has streamlined operations, enhanced security, and reduced processing times. These innovations not only provide efficiency but also enable banks and financiers to cater to previously untapped segments of the market due to high risks or low visibility.
Risk mitigation remains a perennial concern in cross-border transactions, especially in trades involving emerging markets or countries with political or economic instabilities. One of the crucial trade finance market trends is that trade finance instruments, particularly letters of credit and export-credit insurance, offer safeguards against these uncertainties, assuring parties of payment and delivery, thereby fostering trust and enabling trade even in volatile conditions.
On the horizon, the increasing shift towards sustainable and green finance presents a significant opportunity for market players. Additionally, the continuous efforts to integrate developing nations into the global trade fold can propel the trade finance market demand.
Market Segmentation
The market can be divided based on type, service provider, end user, and region.
Market Breakup by Type
- Supply Chain Finance
- Structured Trade Finance
- Traditional Trade Finance
Market Breakup by Service Provider
- Banks
- Trade Finance Houses
- Others
Market Breakup by End User
- Exporters
- Importers
- Traders
- Others
Market Breakup 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 mergers and acquisitions, among other major developments, of the leading companies operating in the global trade finance market. Some of the major 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
- HSBC Holdings PLC [HSBC Group]
- Euler Hermes [Allianz SE]
- Standard Chartered Bank
- Others
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*We at Expert Market Research always strive to provide you with 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 Opportunities and Challenges in the Market
8 Global Trade Finance Market Analysis
8.1 Key Industry Highlights
8.2 Global Trade Finance Historical Market (2018-2023)
8.3 Global Trade Finance Market Forecast (2024-2032)
8.4 Global Trade Finance Market by Type
8.4.1 Supply Chain Finance
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Structured Trade Finance
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Traditional Trade Finance
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Trade Finance Market by Service Provider
8.5.1 Banks
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Trade Finance Houses
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Others
8.6 Global Trade Finance Market by End User
8.6.1 Exporters
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Importers
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Traders
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Trade Finance Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Trade Finance Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Trade Finance Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Trade Finance Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Trade Finance Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Trade Finance Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Citigroup Inc.
15.2.1.1 Company Overview
15.2.1.2 Financial Analysis
15.2.2 Asian Development Bank
15.2.2.1 Company Overview
15.2.2.2 Financial Analysis
15.2.3 DBS Bank Ltd
15.2.3.1 Company Overview
15.2.3.2 Financial Analysis
15.2.4 JPMorgan Chase & Co.
15.2.4.1 Company Overview
15.2.4.2 Financial Analysis
15.2.5 BNP Paribas
15.2.5.1 Company Overview
15.2.5.2 Financial Analysis
15.2.6 HSBC Holdings PLC
15.2.6.1 Company Overview
15.2.6.2 Financial Analysis
15.2.7 Euler Hermes
15.2.7.1 Company Overview
15.2.7.2 Financial Analysis
15.2.8 Standard Chartered Bank
15.2.8.1 Company Overview
15.2.8.2 Financial Analysis
15.2.9 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Trade Finance Market: Key Industry Highlights, 2018 and 2032
2. Global Trade Finance Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Trade Finance Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Trade Finance Historical Market: Breakup by Service Provider (USD Billion), 2018-2023
5. Global Trade Finance Market Forecast: Breakup by Service Provider (USD Billion), 2024-2032
6. Global Trade Finance Historical Market: Breakup by End User (USD Billion), 2018-2023
7. Global Trade Finance Market Forecast: Breakup by End User (USD Billion), 2024-2032
8. Global Trade Finance Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Trade Finance Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Trade Finance Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Trade Finance Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Trade Finance Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Trade Finance Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Trade Finance Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Trade Finance Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Trade Finance Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Trade Finance Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Trade Finance Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Trade Finance Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Trade Finance Market Structure
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