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Trade Finance Market

Trade Finance Market Size by Product Type (Letters of Credit, Export Factoring, Insurance, Bill of Lading, Guarantees and Others), Finance Type (Structured Trade Finance, Supply Chain Finance, and Traditional Trade Finance), Service Provider (Banks, Trade Finance Houses and Others), End User (Importers and Exporters, Banks and Financiers, Insurers and Export Credit Agencies and Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2023 to 2032

Base Year: 2022 Historical Data: 2019-21
  • Report ID: TBI-13444
  • Published Date: Apr, 2023
  • Pages: 236
  • Category: Information Technology & Semiconductors
  • Format: PDF
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The global trade finance market was valued at USD 45 billion in 2022 and grew at a CAGR of 5% from 2023 to 2032. The market is expected to reach USD 73.30 billion by 2032. The increasing demand for trade financing by SMEs in developing nations will drive the global trade finance market's growth.

Market Introduction:

Buying and selling goods and services form the foundational basis of an economy. A successful transaction or buying/selling of a good will be defined as a trade. The trade can be domestic, meaning it can be within the market players inside the territorial limits or international, between nations. Trade finance facilitates successful trade transactions amongst parties. It is a financing tool for trade in the domestic and international markets. Trade financing reduces the risks involved in buying and selling goods and ensures seamless transactions and successful delivery of goods and payments. The stakeholders in trade finance are the buyers, sellers, bankers, insurance agencies and other relevant parties. Trade financing enables suppliers and buyers to provide competitive terms By minimizing payment lags during the trade cycle. Trade finance offers the financing, payment guarantees, and insurance required to make it easier for buyers to pay for goods and services on conditions acceptable to exporters and importers. The digital transformation in trade financing has contributed to faster, more efficient and more effective services.

Trade Finance Market Size

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Recent Development
  • April 2023: The Global Shipping Business Network (GSBN), a non-profit blockchain technology consortium, and HSBC have conducted a proof-of-concept employing "confidential computing" for trade finance. The GSBN has set out to redesign the paper-based process banks use to comprehend their clients' businesses to close the rising trillion-dollar trade finance gap. The most recent privacy-enhancing technology, confidential computing, is intended to safeguard data at the hardware level. In addition, according to GSBN, the integration of blockchain and secure computing technologies assures that sharing of insights is simple while upholding high standards of privacy, security, and auditability throughout the data lifecycle.
  • April 2023: Exim Credit Bank, a banking institution in the United Arab Emirates, is leading the push to transform trade finance for small and medium-sized businesses (SMEs), importers, and exporters worldwide. The bank's primary goal is to close the trade finance gap and provide creative solutions to clients having trouble with their cash flow, compliance, or security. Exim Credit Bank seeks to offer novel solutions to the problems faced by SME customers in partnership with significant financial institutions and investors. Along with a broad private sector engaged in trading, contracting, real estate, energy-related endeavours, transportation services, and other manufacturing operations, Exim Credit Bank has collaborated with governmental and public organizations.

Market Dynamics:

Drivers

The increasing demand for trade finance from SMEs – The growing role of small and medium enterprises in global trade has highlighted the lack of access to legitimate trade finance offered to them. Small and medium enterprises contribute to developing the national economies worldwide and employing millions. They are foundational pillars of the global economy and drive development and growth worldwide. Their growing business has enabled them to access the international market and offer their products to foreign economies. However, SMEs face difficulties accessing trade finance to facilitate seamless trade transactions. The importance of SMEs in the national economy has persuaded the government, SMEs, bankers, and other stakeholders to engage in dialogue and offer favourable rules and regulations to improve their access to trade financing. Similarly, international organizations like the world trade organization and the united nations are working towards developing a cohesive growth environment to enhance trade financing for SMEs and reduce the trade financing market gap in developing countries. Therefore, the increasing demand for SME trade financing will drive the growth of the global trade finance market.

Restraints:

The rising geopolitical tensions – The changing geopolitical scenarios in the last decade have witnessed rising tensions. The ongoing trade war between USA and China was further exacerbated in recent months given the diplomatic low they experienced in their relations over the alleged Chinese spy balloon. The Taiwan issue is also expected to further intensify the trade war. Similarly, the Western sanctions on Russia following its invasion of Ukraine led to trade disruptions and supply chain crises worldwide. The complications on the EU-UK-Ireland borders have caused similar confusion and heightened tensions related to trade across these borders. All these developments are expected to continue and negatively impact international trade. Additionally, trade wars and conflicts lead to difficulties in trade financing, which will hamper the market's growth.

Opportunities:

The use of blockchain in trade finance – The growing automation and digitization worldwide- can also be seen in the trade financing market. The use of blockchain technology in trade financing is gaining traction globally, given its numerous benefits for providers and clients. Blockchain is a method of storing data that makes it difficult or impossible to change the system, hack or cheat it. A network of computer systems known as a blockchain merely copies and disseminates a digital log of transactions across the whole network. Blockchain will enable quicker access to clients' transactional and other relevant histories, faster credit processing, and simplify the entire process. Using blockchain technology in trade finance will optimize costs, improve the safety and security of client data, information and transaction, and enhance accountability and compliance. Additionally, it also reduces errors and manipulation. Therefore, blockchain in trade finance will offer lucrative opportunities to the market players in the forecast period.

Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific emerged as the largest global trade finance market, with a 40% market revenue share in 2022.

Asia Pacific region will account for the largest market share with revenue growth. The growing population of the region driven by India and China are increasing consumer demand which is also facilitated by the rising disposable income of the population. China and India are top producers of several commodities. The substantial consumer market and suppliers in the region are driving international trade. The presence of SMEs is also contributing to the region's growth. The presence of several trade financing providers is augmenting the market's growth in the Asia Pacific market.

  • Indian financial institution Axis Bank and the Asian Development Bank (ADB) have agreed to work together to expand supply chain financing for small and medium-sized businesses, emphasising ESG and priority industries. The ADB will guarantee loans made by Axis Bank to assist supply chain finance for impact sectors under the terms of the agreement, which is structured as a partial guarantee facility agreement under the ADB's Trade and Supply Chain Finance Programme (TSCFP). The arrangement includes working capital demand loans for one year, among other variations of supply chain financing products.

Asia Pacific Region Trade Finance Market Share in 2022 - 40%

 

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Product type Segment Analysis

The product type segment is divided into letters of credit, export factoring, insurance, bill of lading, guarantees and others. The letters of credit segment dominated the market, with a market share of around 44% in 2022. An official document that serves as a guarantee for payments made by one bank to another. An agreement between a beneficiary, a bank, and the bank's customer makes up a letter of credit. The beneficiary is assured that payment will be made once the letter of credit's conditions has been met by the letter of credit, which the importer's bank frequently gives. Risk is decreased by using letters of credit. The risk of defaulting clients is reduced. Under certain conditions, a bank's Letter of Credit guarantees that a seller will receive payment. It helps buyers demonstrate their soundness financially. It helps vendors manage their cash flow and assures the security of payments.

  • Citi India has finished its first Letter of Credit (LC) transaction on Contour using blockchain technology for its customer Cummins India Limited (Cummins). Cummins and Citi India have never completed a transaction using Contour, as Citi continues developing its trade digitization efforts and improving the customer experience. Contour is a blockchain-powered global digital trade finance network that enables various stakeholders, including banks, corporations, and logistics partners, to work together smoothly and securely in real-time on a single platform. Citi is one of the founding banks of Contour. Contour's decentralized global trade finance network has demonstrated that LC processing times can be reduced by up to 90%. Document presentation under the LC typically takes 5–10 days, but for Cummins, it was finished in just three. This was the country's first finished end-to-end blockchain-enabled LC transaction on Contour.
Finance type Segment Analysis

The finance type segment is divided into structured trade finance, supply chain finance, and traditional trade finance. The supply chain finance segment dominated the market, with a market share of around 43% in 2022. Supply chain management requires supply chain financing (SCF). Supply chain finance links buyers and suppliers with a financial institution to decrease risks, increase cash flow efficiency, and lower financing costs. In a nutshell, it is versatile, effective, and helpful for the supply chain management. Supply chain financing can help supply networks become more stable and adaptable by directing the lowest cost of capital to the areas of the supply chain where it is most required. This allows them to refocus their attention from simply surviving to improve efficiency, innovating, and investing in new products. It offers longer payment terms and a quicker cash conversion cycle. Supply chain finance minimizes supply chain risk, strengthens supplier connections, and fosters company expansion.

Service Provider Segment Analysis

The service provider segment is divided into banks, trade finance houses and others. The banks' segment dominated the market, with a market share of around 55% in 2022. A bank is a financial organization that lends money and takes deposits. The bank engages in lending activities directly or indirectly. Providing foreign currency to individuals and companies that selective commercial banks facilitate export or import goods from overseas. A stronger level of market regulatory surveillance, control, and accountability is made possible in trade financing through authorized banks, thereby explaining its dominance in the market. 

End-user Segment Analysis

The end-user segment is divided into importers and exporters, banks and financiers, insurers and export credit agencies and others. The importers and exporters segment dominated the market, with a market share of around 40% in 2022. The exporter is the individual or organization that sends the commodities outside the nation. The importer is the individual or organization that purchases items into their nation from another country. Trade finance offers the financing, payment guarantees, and insurance necessary to make it easier for the goods or services to be paid for on conditions acceptable to both the exporter and the importer. The increasing international trade volume will propel the segment's global trade finance market growth.

Some of the Key Market Players:
  • Asian Development Bank
  • Bank of America Corporation
  • Citigroup Inc.
  • DBS Bank Ltd
  • Euler Hermes Group
  • HSBC Holdings PLC
  • JPMorgan Chase & Co
  • Mitsubishi UFJ Financial Inc.
  • Standard Chartered PLC
  • The Royal Bank of Scotland Group plc

Report Description: 

Attribute Description
Market Size Revenue (USD Billion)
Market size value in 2022 USD 45 Billion
Market size value in 2032 USD 73.30 Billion
CAGR (2023 to 2032) 5%
Historical data 2019-2021
Base Year 2022
Forecast 2023-2032
Regional Segments The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
Segments Product Type, Finance Type, Service Provider, End User

Frequesntly Asked Questions

As per The Brainy Insights, the size of the global trade finance market was valued at USD 45 billion in 2022 to USD 73.30 billion by 2032.

Global trade finance market is growing at a CAGR of 5% during the forecast period 2023-2032.

The market's growth will be influenced by the increasing demand for trade finance from SMEs.

The rising geopolitical tensions could hamper the market growth.

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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis by Product Type
          4.3.2. Market Attractiveness Analysis by Finance Type
          4.3.3. Market Attractiveness Analysis by Service Provider
          4.3.4. Market Attractiveness Analysis by End User
          4.3.5. Market Attractiveness Analysis by Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. The increasing demand for trade finance from SMEs
    5.3. Restraints
          5.3.1. The rising geopolitical tensions
    5.4. Opportunities
          5.4.1. The use of blockchain in trade finance
    5.5. Challenges
          5.5.1. The complex documentation and regulatory approvals

6. Global Trade Finance Market Analysis and Forecast, By Product Type
    6.1. Segment Overview
    6.2. Letters of Credit
    6.3. Export Factoring
    6.4. Insurance
    6.5. Bill of Lading
    6.6. Guarantees
    6.7. Others

7. Global Trade Finance Market Analysis and Forecast, By Finance Type
    7.1. Segment Overview
    7.2. Structured Trade Finance
    7.3. Supply Chain Finance
    7.4. Traditional Trade Finance

8. Global Trade Finance Market Analysis and Forecast, By Service Provider
    8.1. Segment Overview
    8.2. Banks
    8.3. Trade Finance Houses
    8.4. Others

9. Global Trade Finance Market Analysis and Forecast, By End User
    9.1. Segment Overview
    9.2. Importers and Exporters
    9.3. Banks and Financiers
    9.4. Insurers and Export Credit Agencies
    9.5. Others

10. Global Trade Finance Market Analysis and Forecast, By Regional Analysis
    10.1. Segment Overview
    10.2. North America
          10.2.1. U.S.
          10.2.2. Canada
          10.2.3. Mexico
    10.3. Europe
          10.3.1. Germany
          10.3.2. France
          10.3.3. U.K.
          10.3.4. Italy
          10.3.5. Spain
    10.4. Asia-Pacific
          10.4.1. Japan
          10.4.2. China
          10.4.3. India
    10.5. South America
          10.5.1. Brazil
    10.6. Middle East and Africa
          10.6.1. UAE
          10.6.2. South Africa

11. Global Trade Finance Market-Competitive Landscape
    11.1. Overview
    11.2. Market Share of Key Players in the Trade Finance Market
          11.2.1. Global Company Market Share
          11.2.2. North America Company Market Share
          11.2.3. Europe Company Market Share
          11.2.4. APAC Company Market Share
    11.3. Competitive Situations and Trends
          11.3.1. Product Launches and Developments
          11.3.2. Partnerships, Collaborations, and Agreements
          11.3.3. Mergers & Acquisitions
          11.3.4. Expansions

12. Company Profiles
    12.1. Asian Development Bank
          12.1.1. Business Overview
          12.1.2. Company Snapshot
          12.1.3. Company Market Share Analysis
          12.1.4. Company Product Portfolio
          12.1.5. Recent Developments
          12.1.6. SWOT Analysis
    12.2. Bank of America Corporation
          12.2.1. Business Overview
          12.2.2. Company Snapshot
          12.2.3. Company Market Share Analysis
          12.2.4. Company Product Portfolio
          12.2.5. Recent Developments
          12.2.6. SWOT Analysis
    12.3. Citigroup Inc.
          12.3.1. Business Overview
          12.3.2. Company Snapshot
          12.3.3. Company Market Share Analysis
          12.3.4. Company Product Portfolio
          12.3.5. Recent Developments
          12.3.6. SWOT Analysis
    12.4. DBS Bank Ltd
          12.4.1. Business Overview
          12.4.2. Company Snapshot
          12.4.3. Company Market Share Analysis
          12.4.4. Company Product Portfolio
          12.4.5. Recent Developments
          12.4.6. SWOT Analysis
    12.5. Euler Hermes Group
          12.5.1. Business Overview
          12.5.2. Company Snapshot
          12.5.3. Company Market Share Analysis
          12.5.4. Company Product Portfolio
          12.5.5. Recent Developments
          12.5.6. SWOT Analysis
    12.6. HSBC Holdings PLC
          12.6.1. Business Overview
          12.6.2. Company Snapshot
          12.6.3. Company Market Share Analysis
          12.6.4. Company Product Portfolio
          12.6.5. Recent Developments
          12.6.6. SWOT Analysis
    12.7. JPMorgan Chase & Co
          12.7.1. Business Overview
          12.7.2. Company Snapshot
          12.7.3. Company Market Share Analysis
          12.7.4. Company Product Portfolio
          12.7.5. Recent Developments
          12.7.6. SWOT Analysis
    12.8. Mitsubishi UFJ Financial Inc.
          12.8.1. Business Overview
          12.8.2. Company Snapshot
          12.8.3. Company Market Share Analysis
          12.8.4. Company Product Portfolio
          12.8.5. Recent Developments
          12.8.6. SWOT Analysis
    12.9. Standard Chartered PLC
          12.9.1. Business Overview
          12.9.2. Company Snapshot
          12.9.3. Company Market Share Analysis
          12.9.4. Company Product Portfolio
          12.9.5. Recent Developments
          12.9.6. SWOT Analysis
    12.10. The Royal Bank of Scotland Group plc
          12.10.1. Business Overview
          12.10.2. Company Snapshot
          12.10.3. Company Market Share Analysis
          12.10.4. Company Product Portfolio
          12.10.5. Recent Developments
          12.10.6. SWOT Analysis
 

List of Table

1. Global Trade Finance Market, By Product Type, 2019-2032 (USD Billion) 

2. Global Letters of Credit Trade Finance Market, By Region, 2019-2032 (USD Billion) 

3. Global Export Factoring Trade Finance Market, By Region, 2019-2032 (USD Billion) 

4. Global Insurance Trade Finance Market, By Region, 2019-2032 (USD Billion) 

5. Global Bill of Lading Trade Finance Market, By Region, 2019-2032 (USD Billion) 

6. Global Guarantees Trade Finance Market, By Region, 2019-2032 (USD Billion) 

7. Global Others Trade Finance Market, By Region, 2019-2032 (USD Billion) 

8. Global Trade Finance Market, By Finance Type, 2019-2032 (USD Billion) 

9. Global Structured Trade Finance Trade Finance Market, By Region, 2019-2032 (USD Billion) 

10. Global Supply Chain Finance Trade Finance Market, By Region, 2019-2032 (USD Billion) 

11. Global Traditional Trade Finance Trade Finance Market, By Region, 2019-2032 (USD Billion) 

12. Global Trade Finance Market, By Service Provider, 2019-2032 (USD Billion) 

13. Global Banks Trade Finance Market, By Region, 2019-2032 (USD Billion) 

14. Global Trade Finance Houses Trade Finance Market, By Region, 2019-2032 (USD Billion) 

15. Global Others Trade Finance Market, By Region, 2019-2032 (USD Billion) 

16. Global Trade Finance Market, By End User, 2019-2032 (USD Billion) 

17. Global Importers and Exporters Trade Finance Market, By Region, 2019-2032 (USD Billion) 

18. Global Banks and Financiers Trade Finance Market, By Region, 2019-2032 (USD Billion) 

19. Global Insurers and Export Credit Agencies Trade Finance Market, By Region, 2019-2032 (USD Billion) 

20. Global Others Trade Finance Market, By Region, 2019-2032 (USD Billion) 

21. Global Trade Finance Market, By Region, 2019-2032 (USD Billion) 

22. North America Trade Finance Market, By Product Type, 2019-2032 (USD Billion) 

23. North America Trade Finance Market, By Finance Type, 2019-2032 (USD Billion) 

24. North America Trade Finance Market, By Service Provider, 2019-2032 (USD Billion) 

25. North America Trade Finance Market, By End User, 2019-2032 (USD Billion) 

26. U.S. Trade Finance Market, By Product Type, 2019-2032 (USD Billion) 

27. U.S. Trade Finance Market, By Finance Type, 2019-2032 (USD Billion) 

28. U.S. Trade Finance Market, By Service Provider, 2019-2032 (USD Billion) 

29. U.S. Trade Finance Market, By End User, 2019-2032 (USD Billion) 

30. Canada Trade Finance Market, By Product Type, 2019-2032 (USD Billion) 

31. Canada Trade Finance Market, By Finance Type, 2019-2032 (USD Billion) 

32. Canada Trade Finance Market, By Service Provider, 2019-2032 (USD Billion) 

33. Canada Trade Finance Market, By End User, 2019-2032 (USD Billion) 

34. Mexico Trade Finance Market, By Product Type, 2019-2032 (USD Billion) 

35. Mexico Trade Finance Market, By Finance Type, 2019-2032 (USD Billion) 

36. Mexico Trade Finance Market, By Service Provider, 2019-2032 (USD Billion) 

37. Mexico Trade Finance Market, By End User, 2019-2032 (USD Billion) 

38. Europe Trade Finance Market, By Product Type, 2019-2032 (USD Billion) 

39. Europe Trade Finance Market, By Finance Type, 2019-2032 (USD Billion) 

40. Europe Trade Finance Market, By Service Provider, 2019-2032 (USD Billion) 

41. Europe Trade Finance Market, By End User, 2019-2032 (USD Billion) 

42. Germany Trade Finance Market, By Product Type, 2019-2032 (USD Billion) 

43. Germany Trade Finance Market, By Finance Type, 2019-2032 (USD Billion) 

44. Germany Trade Finance Market, By Service Provider, 2019-2032 (USD Billion) 

45. Germany Trade Finance Market, By End User, 2019-2032 (USD Billion) 

46. France Trade Finance Market, By Product Type, 2019-2032 (USD Billion) 

47. France Trade Finance Market, By Finance Type, 2019-2032 (USD Billion) 

48. France Trade Finance Market, By Service Provider, 2019-2032 (USD Billion) 

49. France Trade Finance Market, By End User, 2019-2032 (USD Billion) 

50. U.K. Trade Finance Market, By Product Type, 2019-2032 (USD Billion) 

51. U.K. Trade Finance Market, By Finance Type, 2019-2032 (USD Billion) 

52. U.K. Trade Finance Market, By Service Provider, 2019-2032 (USD Billion) 

53. U.K. Trade Finance Market, By End User, 2019-2032 (USD Billion) 

54. Italy Trade Finance Market, By Product Type, 2019-2032 (USD Billion) 

55. Italy Trade Finance Market, By Finance Type, 2019-2032 (USD Billion) 

56. Italy Trade Finance Market, By Service Provider, 2019-2032 (USD Billion) 

57. Italy Trade Finance Market, By End User, 2019-2032 (USD Billion) 

58. Spain Trade Finance Market, By Product Type, 2019-2032 (USD Billion) 

59. Spain Trade Finance Market, By Finance Type, 2019-2032 (USD Billion) 

60. Spain Trade Finance Market, By Service Provider, 2019-2032 (USD Billion) 

61. Spain Trade Finance Market, By End User, 2019-2032 (USD Billion) 

62. Asia Pacific Trade Finance Market, By Product Type, 2019-2032 (USD Billion) 

63. Asia Pacific Trade Finance Market, By Finance Type, 2019-2032 (USD Billion) 

64. Asia Pacific Trade Finance Market, By Service Provider, 2019-2032 (USD Billion) 

65. Asia Pacific Trade Finance Market, By End User, 2019-2032 (USD Billion) 

66. Japan Trade Finance Market, By Product Type, 2019-2032 (USD Billion) 

67. Japan Trade Finance Market, By Finance Type, 2019-2032 (USD Billion) 

68. Japan Trade Finance Market, By Service Provider, 2019-2032 (USD Billion) 

69. Japan Trade Finance Market, By End User, 2019-2032 (USD Billion) 

70. China Trade Finance Market, By Product Type, 2019-2032 (USD Billion) 

71. China Trade Finance Market, By Finance Type, 2019-2032 (USD Billion) 

72. China Trade Finance Market, By Service Provider, 2019-2032 (USD Billion) 

73. China Trade Finance Market, By End User, 2019-2032 (USD Billion) 

74. India Trade Finance Market, By Product Type, 2019-2032 (USD Billion) 

75. India Trade Finance Market, By Finance Type, 2019-2032 (USD Billion) 

76. India Trade Finance Market, By Service Provider, 2019-2032 (USD Billion) 

77. India Trade Finance Market, By End User, 2019-2032 (USD Billion) 

78. South America Trade Finance Market, By Product Type, 2019-2032 (USD Billion) 

79. South America Trade Finance Market, By Finance Type, 2019-2032 (USD Billion) 

80. South America Trade Finance Market, By Service Provider, 2019-2032 (USD Billion)

81. South America Trade Finance Market, By End User, 2019-2032 (USD Billion)

82. Brazil Trade Finance Market, By Product Type, 2019-2032 (USD Billion) 

83. Brazil Trade Finance Market, By Finance Type, 2019-2032 (USD Billion) 

84. Brazil Trade Finance Market, By Service Provider, 2019-2032 (USD Billion) 

85. Brazil Trade Finance Market, By End User, 2019-2032 (USD Billion)

86. Middle East and Africa Trade Finance Market, By Product Type, 2019-2032 (USD Billion) 

87. Middle East and Africa Trade Finance Market, By Finance Type, 2019-2032 (USD Billion) 

88. Middle East and Africa Trade Finance Market, By Service Provider, 2019-2032 (USD Billion) 

89. Middle East and Africa Trade Finance Market, By End User, 2019-2032 (USD Billion)

90. UAE Trade Finance Market, By Product Type, 2019-2032 (USD Billion) 

91. UAE Trade Finance Market, By Finance Type, 2019-2032 (USD Billion) 

92. UAE Trade Finance Market, By Service Provider, 2019-2032 (USD Billion) 

93. UAE Trade Finance Market, By End User, 2019-2032 (USD Billion)

94. South Africa Trade Finance Market, By Product Type, 2019-2032 (USD Billion) 

95. South Africa Trade Finance Market, By Finance Type, 2019-2032 (USD Billion) 

96. South Africa Trade Finance Market, By Service Provider, 2019-2032 (USD Billion) 

97. South Africa Trade Finance Market, By End User, 2019-2032 (USD Billion) 

List of Figures 

1. Global Trade Finance Market Segmentation

2. Trade Finance Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Trade Finance Market Attractiveness Analysis by Product Type

9. Global Trade Finance Market Attractiveness Analysis by Finance Type

10. Global Trade Finance Market Attractiveness Analysis by Service Provider

11. Global Trade Finance Market Attractiveness Analysis by End User

12. Global Trade Finance Market Attractiveness Analysis by Region

13. Global Trade Finance Market: Dynamics

14. Global Trade Finance Market Share by Product Type (2022 & 2032)

15. Global Trade Finance Market Share by Finance Type (2022 & 2032)

16. Global Trade Finance Market Share by Service Provider (2022 & 2032)

17. Global Trade Finance Market Share by End User (2022 & 2032)

18. Global Trade Finance Market Share by Regions (2022 & 2032)

19. Global Trade Finance Market Share by Company (2022)

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global trade finance market based on below mentioned segments:

Global Trade Finance Market by Product Type:

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

Global Trade Finance Market by Finance Type:

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

Global Trade Finance Market by Service Provider:

  • Banks
  • Trade Finance Houses
  • Others

Global Trade Finance Market by End User:

  • Importers and Exporters
  • Banks and Financiers
  • Insurers and Export Credit Agencies
  • Others

Global Trade Finance Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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