Global Trade Finance Market Analysis Report 2023-2030: International Trade Finance Gains Momentum - Navigating Complex Regulations and Legal Systems - ResearchAndMarkets.com
Business Wire Nov 28, 2023 16:47DUBLIN--(BUSINESS WIRE)--The "Trade Finance Market Size, Share & Trends Analysis Report By Service Provider (Banks, Trading Houses), By Trade Type (Domestic), By Instrument Type, By Enterprise Size, By Industry, By End-user, By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global trade finance market size is expected to reach USD 68.63 billion by 2030, growing at a CAGR of 4.6% from 2023 to 2030
The surge in demand for trade finance is driven by concerns related to market manipulation, including erosion of investor confidence, threats to market integrity, fraudulent behavioral patterns, and insider trading.
This has compelled financial institutions to invest in trade finance strategies characterized by reduced proliferation, the capability to aggregate and monitor diverse structured and unstructured datasets, and the provision of financial security encompassing payment and supply risks for both importers and exporters.
In the early stages of international trade, exporters often faced uncertainty regarding whether and when importers would settle payments for their goods. Consequently, exporters sought ways to mitigate the risk of non-payment by importers.
Conversely, importers were hesitant to make upfront payments for goods due to uncertainties surrounding the shipment of goods by the seller. The evolution of trade finance has addressed these challenges by expediting payments to exporters and providing importers with assurances that ordered goods have been shipped with the assistance of letters of credit.
In October 2022, IFC and HSBC Bank joined forces to facilitate trade finance for Emerging Market Issuing Banks. This collaboration aims to facilitate the movement of essential goods to areas in Central Asia, Latin America, the Middle East, and Africa that are still grappling with financial obstacles due to the impact of COVID-19 and ongoing geopolitical disruptions.
This marks the inaugural long-term trade collaboration between IFC and HSBC, and it aligns with IFC's strategy to utilize HSBC's extensive global network to stimulate trade activities in vital markets worldwide.
The COVID-19 pandemic underscored the significance of supply chain visibility and risk management, driving the incorporation of digital tools such as blockchain and data analytics into trade finance. These technologies offer real-time insights and the means to mitigate disruptions effectively. Consequently, the pandemic accelerated the modernization of trade finance practices, enhancing the industry's agility and responsiveness to evolving global trade dynamics.
Company Profiles
- BNP Paribas
- Citigroup, Inc.
- TD Bank
- UBS
- Arab Bank
- DBS Bank Ltd
- JPMorgan Chase & Co.
- Santander Bank
- Deutsche Bank AG
- Bank of America Corporation
Key Attributes:
Report Attribute | Details |
No. of Pages | 150 |
Forecast Period | 2022 - 2030 |
Estimated Market Value (USD) in 2022 | $48.07 Billion |
Forecasted Market Value (USD) by 2030 | $68.63 Billion |
Compound Annual Growth Rate | 4.6% |
Regions Covered | Global |
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, and Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market Driver Impact Analysis
3.3.1.1. Globalization and international trade
3.3.1.2. Ever-evolving technological landscape
3.3.2. Market Challenge Impact Analysis
3.3.2.1. Persistence of traditional and paper-based processes
3.3.3. Market Opportunity Impact Analysis
3.3.3.1. The growing trend toward digitization and blockchain technology
3.4. Industry Analysis Tools
3.4.1. Porter's Analysis
3.4.2. PESTEL Analysis
Chapter 4. Trade Finance Market: Instrument Type Estimates & Trend Analysis
4.1. Instrument Type Movement Analysis & Market Share, 2022 & 2030
4.2. Trade Finance Market Estimates & Forecast, By Instrument Type
4.2.1. Letter of Credit
4.2.2. Supply Chain Financing
4.2.3. Documentary Collections
4.2.4. Receivables Financing/Invoice Discounting
4.2.5. Others
Chapter 5. Trade Finance Market: Service Provider Estimates & Trend Analysis
5.1. Service Provider Movement Analysis & Market Share, 2022 & 2030
5.2. Trade Finance Market Estimates & Forecast, By Service Provider
5.2.1. Banks
5.2.2. Financial Institutions
5.2.3. Trading Houses
5.2.4. Others
Chapter 6. Trade Finance Market: Trade Type Estimates & Trend Analysis
6.1. Trade Type Movement Analysis & Market Share, 2022 & 2030
6.2. Trade Finance Market Estimates & Forecast, By Trade Type
6.2.1. Domestic
6.2.2. International
Chapter 7. Trade Finance Market: Enterprise Size Estimates & Trend Analysis
7.1. Enterprise Size Movement Analysis & Market Share, 2022 & 2030
7.2. Trade Finance Market Estimates & Forecast, By Enterprise Size
7.2.1. Large Enterprises
7.2.2. SMEs
Chapter 8. Trade Finance Market: Industry Estimates & Trend Analysis
8.1. Industry Movement Analysis & Market Share, 2022 & 2030
8.2. Trade Finance Market Estimates & Forecast, By Industry
8.2.1. BFSI
8.2.2. Construction
8.2.3. Wholesale/Retail
8.2.4. Manufacturing
8.2.5. Automobile
8.2.6. Shipping & Logistics
8.2.7. Others
Chapter 9. Trade Finance Market: End-user Estimates & Trend Analysis
9.1. End-user Movement Analysis & Market Share, 2022 & 2030
9.2. Trade Finance Market Estimates & Forecast, By End-user
9.2.1. Importer
9.2.2. Exporter
9.2.3. Trade intermediaries
Chapter 10. Trade Finance Market: Regional Estimates & Trend Analysis
10.1. Trade Finance Market: Regional Outlook
Chapter 11. Competitive Landscape
11.1. Company Categorization
11.2. Participant's Overview
11.3. Financial Performance
11.4. Product Benchmarking
11.5. Company Market Positioning
11.6. Company Market Share Analysis, 2022
11.7. Company Heat Map Analysis
11.8. Strategy Mapping
11.8.1. Expansion
11.8.2. Collaborations
11.8.3. Mergers & Acquisitions
11.8.4. New Product Launches
11.8.5. Partnerships
For more information about this report visit https://www.researchandmarkets.com/r/at28xq
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