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Global Trade Finance Market Size, Status and Forecast 2020-2026
Published Date: January 2020
|
Report Code: QYRE-Auto-6X849
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Global Trade Finance Market Size Status and Forecast 2020 2026

Global Trade Finance Market Size, Status and Forecast 2020-2026

Code: QYRE-Auto-6X849
Report
January 2020
125 Pages
QYResearch
Region: Global, North America, Japan, Europe,
Description
Table of Content
Tables & Figures

Trade Finance Market Analysis

The global Trade Finance market was valued at USD 8942.27 Billion in 2019, due to Covid-19, the market drop to USD 7616.52 Billion by -14.83% in 2020 and it is expected to reach USD 10426.67 Billion by the end of 2026, growing at a CAGR of 5.37% during 2020-2026.

Trade Finance Market Size | Trade Finance Industry Report, Share, Growth, Trends 2020, Forecast

Trade finance signifies financing for trade, and it concerns both domestic and international trade transactions. A trade transaction requires a seller of goods and services as well as a buyer. Various intermediaries such as banks and financial institutions can facilitate these transactions by financing the trade.
 
Lack of focus on trade financing for small and medium-sized enterprises, insufficient risk assessment capabilities, limited legal certainty, and operational inefficiencies restrict the growth of the trade finance market size
 
Furthermore, the criteria for costs or complexities related to AML, KYC, and sanctions serve as an obstacle to the growth of Trade Finance Market size during the forecast period.
 
Trade Finance Market Trends 2020, Size, Share, Industry Report, Growth, Forecast 2026
 
Trade finance relates to the process of financing certain activities related to commerce and international trade. Trade finance includes such activities as lending, issuing letters of credit, factoring, export credit and insurance. Companies involved with trade finance include importers and exporters, banks and financiers, insurers and export credit agencies, and other service providers.

Trade Finance Markt Trend & Share Analysis

Technologies such as blockchain, artificial intelligence (AI ), machine learning (ML), and the Internet of Things ( IoT) are being applied increasingly in commercial finance. AI and ML use natural language processing ( NLP), chatbots, and predictive analytics to address problems, recognize trends, foresee demand, and provide business recommendations. AI also helps to automate the process of trading documents and to ensure that electronic forms are delivered to stakeholders at the appropriate time during the trading process. Market vendors also integrate blockchain technology with trade finance to increase efficiency and simplify the invoice finance transaction from end to end. The integration of technology to improve the efficiency of the business financing cycle will be one of the main industry developments that will boost the trade finance market size.

Developing technologies such as optical character recognition ( OCR) to read container numbers, radio frequency identification ( RFID) and quick response ( QR) codes to identify and track shipments, enhance the digitization of trading documents and in turn is expected to act as a catalyst for the growth of trading finance market size.

Trade Finance market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Trade Finance market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026. 

Trade Finance Market Regional Analysis

In the trade finance market, LAMEA and North America jointly accounted for higher revenues. In terms of revenue, the LAMEA region dominated the trade finance sector in 2018 and is expected to retain its dominance during the forecast period, due to higher oil production and large-scale exports and agency finance services. Moreover, the U.S. export and agency funding strengthens export opportunities by engaging in large-scale project planning activities and developing sustainable infrastructure that contributes to regional economic development.

In 2019, APAC had the largest trade finance market share, and the region is expected to offer market vendors several growth opportunities over the forecast period. Growing government funding to improve trade finance for increased exports would have a major effect on the growth of the trade finance market share in this region. China is among APAC's main trade finance markets. In this region, demand growth would be higher than business growth in other regions.

Europe is projected to rise at the fastest pace in the forecast period due to the involvement of export credit agencies (ECA) conducting foreign trade, strengthening government policy, and facilitating trade across the globe.

The report includes a country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.

Trade Finance Industry Players and Market Share Analysis

Trade Finance market competitive landscape provides details and data information by vendors. The report offers a comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in Trade Finance business, the date to enter into the Trade Finance market, Trade Finance product introduction, recent developments, etc.

Which are the Major Vendors in Trade Finance Market?

The major vendors include BNP Paribas, Bank of China, Citigroup Inc, China Exim Bank, ICBC, JPMorgan Chase & Co, Mizuho Financial Group, Standard Chartered, MUFG, Sumitomo Mitsui Banking Corporation, Credit Agricole, Commerzbank, HSBC, Riyad Bank, Saudi British Bank, ANZ, EBRD, Japan Exim Bank, Banque Saudi Fransi, Afreximbank, AlAhli Bank, Export-Import Bank of India, etc.

This report focuses on the global Trade Finance status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Trade Finance development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.

Scope of the Trade Finance Market Report

Report Metric

Details

Report Name

Global Trade Finance Market

Market size value in 2019

$8942.27 Billion

Market size value in 2020

$7616.52 Billion

Revenue forecast in 2026

$10426.67 Billion 

Growth Rate

CAGR of  5.37%

Base year considered

2019

Forecast period

2020-2026

Forecast units

Value (USD)

Segments covered

Type, End-User, Offerings, and Region

Market BY Type

Letters of Credit, Guarantees, Supply Chain Finance, Factoring, Documentary Collection, Other 

Market BY Application/End-User

Finance, Energy, Power Generation, Transport, Renewables, Metals & Non Metallic Minerals, Other

Report coverage

Revenue & volume forecast, company share, competitive landscape, growth factors, and trends

Geographic regions covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Companies covered

BNP Paribas, Bank of China, Citigroup Inc, China Exim Bank, ICBC, JPMorgan Chase & Co, Mizuho Financial Group, Standard Chartered, MUFG, Sumitomo Mitsui Banking Corporation, Credit Agricole, Commerzbank, HSBC, Riyad Bank, Saudi British Bank, ANZ, EBRD, Japan Exim Bank, Banque Saudi Fransi, Afreximbank, AlAhli Bank, Export-Import Bank of India

Trade Finance Market Segmentation

Trade Finance Market Segement by Type

  • Letters of Credit
  • Guarantees
  • Supply Chain Finance
  • Factoring
  • Documentary Collection
  • Other

Trade Finance Market Segement by Application

  • Finance
  • Energy
  • Power Generation
  • Transport
  • Renewables
  • Metals & Non Metallic Minerals
  • Other

Trade Finance Market Segement by Regions/Countries

  • North America
  • Europe
  • China
  • Japan
  • Southeast Asia
  • India
  • Central & South America

The Study Objective of this Report are

  • To analyze global Trade Finance status, future forecast, growth opportunity, key market and key players.
  • To present the Trade Finance development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
  • To strategically profile the key players and comprehensively analyze their development plan and strategies.
  • To define, describe and forecast the market by type, market and key regions.

People Also Ask (PAA)

What is the Trade Finance Market?

Trade Finance signifies financing for trade, and it relates to both domestic and international trade transactions. A trade transaction involves both a seller and a purchaser of goods and services. These transactions may facilitate through intermediaries, such as banks and financial institutions.

How big is the Global Trade Finance Market?

The global Trade Finance market size was valued at USD 8942.27 Billion in 2019 and it is expected to reach USD 10426.67 Billion by the end of 2026, growing at a CAGR of 5.37% during the forecast period 2020-2026.

At what CAGR is the Trade Finance market is projected to expand?

The trade finance market is projected to mark is 5.37% from 2020 to 2027

Who are the major players of the Trade Finance market?

Some of Key Major Vendors Like BNP Paribas, Bank of China, Citigroup Inc, China Exim Bank, ICBC, JPMorgan Chase & Co, Mizuho Financial Group, Standard Chartered, MUFG, Sumitomo Mitsui Banking Corporation, Credit Agricole, Commerzbank, HSBC, Riyad Bank, Saudi British Bank, ANZ, EBRD, Japan Exim Bank, Banque Saudi Fransi, Afreximbank, AlAhli Bank, Export-Import Bank of India

TABLE OF CONTENT

 

LIST OF TABLES & FIGURES

 

Trade Finance Market Analysis

The global Trade Finance market was valued at USD 8942.27 Billion in 2019, due to Covid-19, the market drop to USD 7616.52 Billion by -14.83% in 2020 and it is expected to reach USD 10426.67 Billion by the end of 2026, growing at a CAGR of 5.37% during 2020-2026.

Trade Finance Market Size | Trade Finance Industry Report, Share, Growth, Trends 2020, Forecast

Trade finance signifies financing for trade, and it concerns both domestic and international trade transactions. A trade transaction requires a seller of goods and services as well as a buyer. Various intermediaries such as banks and financial institutions can facilitate these transactions by financing the trade.
 
Lack of focus on trade financing for small and medium-sized enterprises, insufficient risk assessment capabilities, limited legal certainty, and operational inefficiencies restrict the growth of the trade finance market size
 
Furthermore, the criteria for costs or complexities related to AML, KYC, and sanctions serve as an obstacle to the growth of Trade Finance Market size during the forecast period.
 
Trade Finance Market Trends 2020, Size, Share, Industry Report, Growth, Forecast 2026
 
Trade finance relates to the process of financing certain activities related to commerce and international trade. Trade finance includes such activities as lending, issuing letters of credit, factoring, export credit and insurance. Companies involved with trade finance include importers and exporters, banks and financiers, insurers and export credit agencies, and other service providers.

Trade Finance Markt Trend & Share Analysis

Technologies such as blockchain, artificial intelligence (AI ), machine learning (ML), and the Internet of Things ( IoT) are being applied increasingly in commercial finance. AI and ML use natural language processing ( NLP), chatbots, and predictive analytics to address problems, recognize trends, foresee demand, and provide business recommendations. AI also helps to automate the process of trading documents and to ensure that electronic forms are delivered to stakeholders at the appropriate time during the trading process. Market vendors also integrate blockchain technology with trade finance to increase efficiency and simplify the invoice finance transaction from end to end. The integration of technology to improve the efficiency of the business financing cycle will be one of the main industry developments that will boost the trade finance market size.

Developing technologies such as optical character recognition ( OCR) to read container numbers, radio frequency identification ( RFID) and quick response ( QR) codes to identify and track shipments, enhance the digitization of trading documents and in turn is expected to act as a catalyst for the growth of trading finance market size.

Trade Finance market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Trade Finance market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026. 

Trade Finance Market Regional Analysis

In the trade finance market, LAMEA and North America jointly accounted for higher revenues. In terms of revenue, the LAMEA region dominated the trade finance sector in 2018 and is expected to retain its dominance during the forecast period, due to higher oil production and large-scale exports and agency finance services. Moreover, the U.S. export and agency funding strengthens export opportunities by engaging in large-scale project planning activities and developing sustainable infrastructure that contributes to regional economic development.

In 2019, APAC had the largest trade finance market share, and the region is expected to offer market vendors several growth opportunities over the forecast period. Growing government funding to improve trade finance for increased exports would have a major effect on the growth of the trade finance market share in this region. China is among APAC's main trade finance markets. In this region, demand growth would be higher than business growth in other regions.

Europe is projected to rise at the fastest pace in the forecast period due to the involvement of export credit agencies (ECA) conducting foreign trade, strengthening government policy, and facilitating trade across the globe.

The report includes a country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.

Trade Finance Industry Players and Market Share Analysis

Trade Finance market competitive landscape provides details and data information by vendors. The report offers a comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in Trade Finance business, the date to enter into the Trade Finance market, Trade Finance product introduction, recent developments, etc.

Which are the Major Vendors in Trade Finance Market?

The major vendors include BNP Paribas, Bank of China, Citigroup Inc, China Exim Bank, ICBC, JPMorgan Chase & Co, Mizuho Financial Group, Standard Chartered, MUFG, Sumitomo Mitsui Banking Corporation, Credit Agricole, Commerzbank, HSBC, Riyad Bank, Saudi British Bank, ANZ, EBRD, Japan Exim Bank, Banque Saudi Fransi, Afreximbank, AlAhli Bank, Export-Import Bank of India, etc.

This report focuses on the global Trade Finance status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Trade Finance development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.

Scope of the Trade Finance Market Report

Report Metric

Details

Report Name

Global Trade Finance Market

Market size value in 2019

$8942.27 Billion

Market size value in 2020

$7616.52 Billion

Revenue forecast in 2026

$10426.67 Billion 

Growth Rate

CAGR of  5.37%

Base year considered

2019

Forecast period

2020-2026

Forecast units

Value (USD)

Segments covered

Type, End-User, Offerings, and Region

Market BY Type

Letters of Credit, Guarantees, Supply Chain Finance, Factoring, Documentary Collection, Other 

Market BY Application/End-User

Finance, Energy, Power Generation, Transport, Renewables, Metals & Non Metallic Minerals, Other

Report coverage

Revenue & volume forecast, company share, competitive landscape, growth factors, and trends

Geographic regions covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Companies covered

BNP Paribas, Bank of China, Citigroup Inc, China Exim Bank, ICBC, JPMorgan Chase & Co, Mizuho Financial Group, Standard Chartered, MUFG, Sumitomo Mitsui Banking Corporation, Credit Agricole, Commerzbank, HSBC, Riyad Bank, Saudi British Bank, ANZ, EBRD, Japan Exim Bank, Banque Saudi Fransi, Afreximbank, AlAhli Bank, Export-Import Bank of India

Trade Finance Market Segmentation

Trade Finance Market Segement by Type

  • Letters of Credit
  • Guarantees
  • Supply Chain Finance
  • Factoring
  • Documentary Collection
  • Other

Trade Finance Market Segement by Application

  • Finance
  • Energy
  • Power Generation
  • Transport
  • Renewables
  • Metals & Non Metallic Minerals
  • Other

Trade Finance Market Segement by Regions/Countries

  • North America
  • Europe
  • China
  • Japan
  • Southeast Asia
  • India
  • Central & South America

The Study Objective of this Report are

  • To analyze global Trade Finance status, future forecast, growth opportunity, key market and key players.
  • To present the Trade Finance development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
  • To strategically profile the key players and comprehensively analyze their development plan and strategies.
  • To define, describe and forecast the market by type, market and key regions.

People Also Ask (PAA)

What is the Trade Finance Market?

Trade Finance signifies financing for trade, and it relates to both domestic and international trade transactions. A trade transaction involves both a seller and a purchaser of goods and services. These transactions may facilitate through intermediaries, such as banks and financial institutions.

How big is the Global Trade Finance Market?

The global Trade Finance market size was valued at USD 8942.27 Billion in 2019 and it is expected to reach USD 10426.67 Billion by the end of 2026, growing at a CAGR of 5.37% during the forecast period 2020-2026.

At what CAGR is the Trade Finance market is projected to expand?

The trade finance market is projected to mark is 5.37% from 2020 to 2027

Who are the major players of the Trade Finance market?

Some of Key Major Vendors Like BNP Paribas, Bank of China, Citigroup Inc, China Exim Bank, ICBC, JPMorgan Chase & Co, Mizuho Financial Group, Standard Chartered, MUFG, Sumitomo Mitsui Banking Corporation, Credit Agricole, Commerzbank, HSBC, Riyad Bank, Saudi British Bank, ANZ, EBRD, Japan Exim Bank, Banque Saudi Fransi, Afreximbank, AlAhli Bank, Export-Import Bank of India

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TABLE OF CONTENT

 

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LIST OF TABLES & FIGURES

 

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