Global Trade Finance Market to Grow at a CAGR of 4.3% over the Forecast Period of 2024-2032

The global trade finance market is being driven by the increasing globalisation and the growing domestic and international trade activities. The export and agency finance segment, among other product-types, provides highly structured finance solutions to both the buyers and the traders and, thus, accounted for the largest revenue source for the market in 2020. Banks are one of the significant service providers in the global trade finance industry. North America is one of the leading markets in the global industry.

The availability of advanced technology is driving the industry growth in the region. The shift from paper-based and traditional finance methods to digital methods is expected to further aid the industry growth over the forecast period. Some of the major players in the industry include JPMorgan Chase & Co. (NYSE: JPM) and HSBC Holdings plc (LON: HSBA).

JPMorgan Chase & Co. (NYSE: JPM), a global leader in investment banking, financial services for consumers and small businesses, and asset management, is a financial services firm with assets of USD 2.7 trillion and operations worldwide. In June 2020, the company announced that it intends to increase the quarterly common stock dividend to USD 0.90 per share (up from the current USD 0.80 per share), further authorising gross common equity repurchases of up to USD 29.4 billion under a new common equity repurchase programme, aiming to expand its business and support its customers across the world. Such developments are expected to aid the growth of the trade finance industry globally over the forecast period.

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Market Breakup by Product Type, End Use, Service Provider, and Region:

• By product type, the global trade finance industry is bifurcated into supply chain finance and export and agency finance.

• On the basis of end-use, the industry is categorised into exporters, importers, and traders, among others. 

• On the basis of service provider, the industry is segmented into banks and trade finance houses, among others. 

• Region-wise, the global trade finance market can be divided into North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global trade finance market is being driven by the growing domestic and international trade across the globe. 

• The growing consumer awareness regarding policies like loans, insurance, and others is further aiding the industry growth.

• The availability of easy and flexible procedures for short-term financing is further grabbing consumer attention and contributing significantly to the industry growth.

• The acceleration of trade finance processes owing to the shift from paper-based methods to more efficient and transparent digitised models is providing a boost to the industry. 

• The government policies promoting trade across the globe are providing further impetus to the industry for its growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global trade finance market for the periods (2018-2023) and (2024-2032). 

• The report offers historical (2018-2023) and forecast (2024-2032) market information for the product type, end-use, service provider, and regional markets for the global trade finance industry.

• It also provides an assessment of the industry based on the Porter’s Five Forces model, along with a SWOT analysis.

The major players in the global trade finance market are Citigroup Inc., Asian Development Bank, JPMorgan Chase & Co., BNP Paribas, Standard Chartered Bank, Euler Hermes [Allianz SE], and HSBC Holdings PLC [HSBC Group], among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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