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Trade Finance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global trade finance market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 3.7% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor. 

Trade Finance Market Size

Trade finance, or export finance, refers to various financial products that are used by organizations to manage international trade and commerce. It is commonly used by banks, trade finance companies, export credit agencies, importers and exporters. Unlike general finance, trade finance introduces a third party to the transactions and is primarily used to streamline cash flow and provide protection against the risks of international trade, such as currency fluctuations, political instability and instances of non-payment.  

The global market for trade finance is primarily being driven by rapid urbanization and the steadily growing global trade. Furthermore, the integration of advanced technologies, such as blockchain, artificial intelligence (AI), machine learning (ML) and the Internet of Things (IoT) with trade finance, is also providing a boost to the market growth. These technologies enable the organizations to use chatbots, natural language processing (NLP) and predictive analysis to recognize market patterns, resolve concerns, anticipate demand and take appropriate measures. Additionally, the increasing utilization of electronic systems, such as optical character recognition (OCR), quick response (QR) codes and radio frequency identification (RFID) readers, to enhance the digitization of trade financing operations, is acting as another growth-inducing factor. In comparison to the traditionally used methods, these devices also aid in streamlining the manual process of document identification and simplifying trade transactions. Other factors, including the introduction of clearinghouses that analyze the financial capabilities of buyers and sellers, along with the implementation of favorable government policies and growing investments in the banking, financial services and insurance (BFSI) sector, are projected to drive the market in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global trade finance market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on finance type, offering, service provider and end-user.

Breakup by Finance Type:

  • Structured Trade Finance
  • Supply Chain Finance
  • Traditional Trade Finance
     

Breakup by Offering:

  • Letters of Credit
  • Bill of Lading
  • Export Factoring
  • Insurance
  • Others
     

Breakup by Service Provider:

  • Banks
  • Trade Finance Houses
     

Breakup by End-User:

  • Small and Medium Sized Enterprises (SMEs)
  • Large Enterprises
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Asian Development Bank, Banco Santander SA, Bank of America Corp., BNP Paribas SA, Citigroup Inc., Crédit Agricole Group, Euler Hermes, Goldman Sachs Group Inc., HSBC Holdings Plc, JPMorgan Chase & Co., Mitsubishi Ufj Financial Group Inc., Morgan Stanley, Royal Bank of Scotland, Standard Chartered Bank, Wells Fargo & Co., etc.

IMARC Group’s latest report provides a deep insight into the global trade finance market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the trade finance market in any manner.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Finance Type, Offering, Service Provider, End-User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Asian Development Bank, Banco Santander SA, Bank of America Corp., BNP Paribas SA, Citigroup Inc., Crédit Agricole Group, Euler Hermes, Goldman Sachs Group Inc., HSBC Holdings Plc, JPMorgan Chase & Co., Mitsubishi Ufj Financial Group Inc., Morgan Stanley, Royal Bank of Scotland, Standard Chartered Bank and Wells Fargo & Co.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  •  How has the global trade finance market performed so far and how will it perform in the coming years?
  •  What are the key regional markets?
  •  What has been the impact of COVID-19 on the global trade finance market?
  •  What is the breakup of the market based on the finance type?
  •  What is the breakup of the market based on the offering?
  •  What is the breakup of the market based on the service provider?
  •  What is the breakup of the market based on the end-user?
  •  What are the various stages in the value chain of the industry?
  •  What are the key driving factors and challenges in the industry?
  •  What is the structure of the global trade finance market and who are the key players?
  •  What is the degree of competition in the industry?

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Trade Finance Market 
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Finance Type 
    6.1    Structured Trade Finance  
        6.1.1     Market Trends
        6.1.2     Market Forecast
    6.2    Supply Chain Finance 
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Traditional Trade Finance 
        6.3.1    Market Trends
        6.3.2    Market Forecast
7   Market Breakup by Offering 
    7.1    Letters of Credit  
        7.1.1     Market Trends
        7.1.2     Market Forecast
    7.2    Bill of Lading 
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Export Factoring 
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Insurance 
        7.4.1    Market Trends
        7.4.2    Market Forecast
    7.5    Others 
        7.5.1    Market Trends
        7.5.2    Market Forecast
8   Market Breakup by Service Provider
    8.1    Banks 
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Trade Finance Houses 
        8.2.1    Market Trends
        8.2.2    Market Forecast
9   Market Breakup by End-User
    9.1    Small and Medium Sized Enterprises (SMEs) 
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Large Enterprises 
        9.2.1    Market Trends
        9.2.2    Market Forecast
10  Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11  SWOT Analysis
    11.1   Overview
    11.2   Strengths
    11.3   Weaknesses
    11.4   Opportunities
    11.5   Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis

    13.1   Overview
    13.2   Bargaining Power of Buyers
    13.3   Bargaining Power of Suppliers
    13.4   Degree of Competition
    13.5   Threat of New Entrants
    13.6   Threat of Substitutes
14  Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Asian Development Bank
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio 
        14.3.2    Banco Santander SA
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio 
        14.3.3    Bank of America Corp.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio 
        14.3.4    BNP Paribas SA
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio 
        14.3.5    Citigroup Inc.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio 
        14.3.6    Crédit Agricole Group
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio 
        14.3.7   Euler Hermes
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio 
        14.3.8    Goldman Sachs Group Inc.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio 
        14.3.9    HSBC Holdings Plc
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio 
        14.3.10    JPMorgan Chase & Co.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio 
        14.3.11    Mitsubishi Ufj Financial Group Inc.
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio 
        14.3.12    Morgan Stanley 
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio 
        14.3.13    Royal Bank of Scotland 
           14.3.13.1 Company Overview
           14.3.13.2 Product Portfolio 
        14.3.14    Standard Chartered Bank 
           14.3.14.1 Company Overview
           14.3.14.2 Product Portfolio 
        14.3.15    Wells Fargo & Co. 
           14.3.15.1 Company Overview
           14.3.15.2 Product Portfolio 

List of Figures

Figure 1: Global: Trade Finance Market: Major Drivers and Challenges
Figure 2: Global: Trade Finance Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Trade Finance Market: Breakup by Finance Type (in %), 2020
Figure 4: Global: Trade Finance Market: Breakup by Offering (in %), 2020
Figure 5: Global: Trade Finance Market: Breakup by Service Provider (in %), 2020
Figure 6: Global: Trade Finance Market: Breakup by End-User (in %), 2020
Figure 7: Global: Trade Finance Market: Breakup by Region (in %), 2020
Figure 8: Global: Trade Finance Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 9: Global: Trade Finance (Structured Trade Finance) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Trade Finance (Structured Trade Finance) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Trade Finance (Supply Chain Finance) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Trade Finance (Supply Chain Finance) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Trade Finance (Traditional Trade Finance) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Trade Finance (Traditional Trade Finance) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Trade Finance (Letters of Credit) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Trade Finance (Letters of Credit) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Trade Finance (Bill of Lading) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Trade Finance (Bill of Lading) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Trade Finance (Export Factoring) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Trade Finance (Export Factoring) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Trade Finance (Insurance) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Trade Finance (Insurance) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Trade Finance (Others) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Trade Finance (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Trade Finance (Banks) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Trade Finance (Banks) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Trade Finance (Trade Finance Houses) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Trade Finance (Trade Finance Houses) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Trade Finance (Small and Medium Sized Enterprises) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Trade Finance (Small and Medium Sized Enterprises) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Trade Finance (Large Enterprises) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Trade Finance (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: North America: Trade Finance Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: North America: Trade Finance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: United States: Trade Finance Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: United States: Trade Finance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Canada: Trade Finance Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Canada: Trade Finance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Asia Pacific: Trade Finance Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Asia Pacific: Trade Finance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: China: Trade Finance Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: China: Trade Finance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Japan: Trade Finance Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Japan: Trade Finance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: India: Trade Finance Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: India: Trade Finance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: South Korea: Trade Finance Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: South Korea: Trade Finance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Australia: Trade Finance Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Australia: Trade Finance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Indonesia: Trade Finance Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Indonesia: Trade Finance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Others: Trade Finance Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Others: Trade Finance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Europe: Trade Finance Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Europe: Trade Finance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Germany: Trade Finance Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Germany: Trade Finance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: France: Trade Finance Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: France: Trade Finance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: United Kingdom: Trade Finance Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: United Kingdom: Trade Finance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Italy: Trade Finance Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Italy: Trade Finance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Spain: Trade Finance Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Spain: Trade Finance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Russia: Trade Finance Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Russia: Trade Finance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Others: Trade Finance Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Others: Trade Finance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Latin America: Trade Finance Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Latin America: Trade Finance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Brazil: Trade Finance Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Brazil: Trade Finance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Mexico: Trade Finance Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Mexico: Trade Finance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Others: Trade Finance Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Others: Trade Finance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Middle East and Africa: Trade Finance Market: Sales Value (in Million US$), 2015 & 2020
Figure 80: Middle East and Africa: Trade Finance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 81: Global: Trade Finance Industry: SWOT Analysis
Figure 82: Global: Trade Finance Industry: Value Chain Analysis
Figure 83: Global: Trade Finance Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Trade Finance Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Trade Finance Market Forecast: Breakup by Finance Type (in Million US$), 2021-2026
Table 3: Global: Trade Finance Market Forecast: Breakup by Offering (in Million US$), 2021-2026
Table 4: Global: Trade Finance Market Forecast: Breakup by Service Provider (in Million US$), 2021-2026
Table 5: Global: Trade Finance Market Forecast: Breakup by End-User (in Million US$), 2021-2026
Table 6: Global: Trade Finance Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Trade Finance Market Structure
Table 8: Global: Trade Finance Market: Key Players

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