Market.Biz has added a new report titled "Global Trade Finance Market to Register 3.0% CAGR During 2019-2024 " to his report database.
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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. The Global Trade Finance market is valued at 59500 million USD in 2017 and is expected to reach 71000 million USD by the end of 2023, growing at a CAGR of 3.0% between 2017 and 2023.
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While a seller (or exporter) can require the purchaser (an importer) to prepay for goods shipped, the purchaser (importer) may wish to reduce risk by requiring the seller to document the goods that have been shipped. Banks may assist by providing various forms of support.
For example, the importer's bank may provide a letter of credit to the exporter (or the exporter's bank) providing for payment upon presentation of certain documents, such as a bill of lading. The exporter's bank may make a loan (by advancing funds) to the exporter on the basis of the export contract.
The scope of the Report:
This report studies the Trade Finance market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in the global market and splits the Trade Finance market by product type and applications/end industries.
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.
Modernization and globalization of trade projects have led to the increasing demand for trade finance. Increasing trade projects across the globe, especially in the Asia-Pacific is another major factor, driving the growth of the steel rebar market during the forecast period.
With an increased focus on global trade, the trade finance market is likely to witness strong growth in the coming years.
The Asia-Pacific will occupy for more market share in the following years, especially in China, also fast-growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from the United States might affect the development trend of Trade Finance.
Europe also plays important roles in the global market, with a market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers
China Exim Bank
JPMorgan Chase & Co
Mizuho Financial Group
Bank of Communication
Export-Import Bank of India
Market Segment by Regions, regional analysis covers
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
Market Segment by Type, covers
Letters of Credit
Supply Chain Finance
Market Segment by Applications can be divided into
Metals & Non-Metallic Minerals