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ASEAN Trade Finance Market: By Type: Supply Chain Finance, Structured Trade Finance, Traditional Trade Finance; By Service Provider: Banks, Trade Finance Houses, Others; By End User: Exporters, Importers, Traders; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments

ASEAN Trade Finance Market Outlook

The ASEAN trade finance market reached a value of USD 3.7 billion by 2020. In the forecast period of 2021-2026, the market is expected to further grow at a CAGR of 5.3% to reach USD 5.7 billion by 2026.

 

Increasing Demand from the End Users to Bolster the Growth of the Trade Finance Industry

Based on end user, importers and exporters account for a significant share in the market in the ASEAN region. This can be attributed to the rising need for capital efficiency to expand the business. The growing trade routes and trade agreements are likely to further bolster the market growth within these segments in the forecast period. The segments are likely to remain dominant in the coming years owing to the rising globalisation, expansion of supplier base for various industries in the ASEAN region, and the growing investments by major global players into the region.

On the basis of service provider, banks account for a major share in the market. This can be attributed to the potential of banks to act as intermediatory in the trade finance ecosystem. The bank’s guarantee to ease the financial activities to further bolster the finance trade.

Among the countries of ASEAN, the trade windows are anticipated to broaden, owing to the implementation of non-tariff measures on essential items. While trade and, thus, trade finance witnessed a decline in 2020 due to the outbreak of the COVID-19 pandemic, the trade is anticipated to recover and increase in 2021, aiding the growth of the trade finance industry in ASEAN. The growth of the trade finance industry in the ASEAN countries is expected to be further bolstered by the strong diplomatic relationships with North America and Australia, which is expected to support the growth of trade in the region.

 

Trade Finance: Industry Definition and Segmentation

Trade finance facilitates international trade transactions using various financial instruments. Trade finance includes issuing letters of credit (LCs), receivables and invoice finance, credit agency, export finance, bank guarantees, insurance, and others. It can also act as an intermediatory between importers and exporters to mitigate the risks involved in transactions.

Based on type, the market is divided into:

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

By service provider, the industry can be segmented into:

  • Banks
  • Trade Finance Houses
  • Others

On the basis of end user, the industry can be categorised into:

  • Exporters
  • Importers
  • Traders
  • Others

The regional markets for trade finance in the ASEAN region include Singapore, Thailand, Malaysia, the Philippines, Indonesia, and Vietnam, among others.

 

Technological Advancements to Ease the Trade Flow in ASEAN to Boost the Growth of the Trade Finance Industry

The trade finance market in the ASEAN region is being driven by economic development in the countries of ASEAN and the implementation of innovative technologies, including optical character recognition (OCR), radio frequency identification (RFID), and quick response codes (QRC), among others. These technological advancements can help importers and exporters trace shipments and enhance the digitalisation of trade documents, which can save time.

The market is anticipated to be propelled by the expansion of SMEs and their focus on international trade. The growing need of buyers, sellers, manufacturers, importers, and exporters to ease finance activities and manage their investment with proper risk management is further projected to aid the market in the forecast period.  Furthermore, the non-tariff measures on essential items among ASEAN nations are likely to augment the trade growth and economic recovery of the ASEAN region from the adverse impacts of the COVID-19. This is expected to lead to a healthy growth of the trade finance market in the region in the coming years.

 

Key Industry Players in the ASEAN Trade Finance Market

The report gives a detailed analysis of the following key players in the ASEAN trade finance market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Asian Development Bank
  • DBS Bank Ltd.
  • Malayan Banking Berhad
  • Bank of the Philippine Islands
  • Vietinbank
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    ASEAN
7    Industry Opportunities and Challenges
8    ASEAN Trade Finance Market Analysis

    8.1    Key Industry Highlights
    8.2    ASEAN Trade Finance Historical Market (2016-2020) 
    8.3    ASEAN Trade Finance Market Forecast (2021-2026)
    8.4    ASEAN Trade Finance Market by Type
        8.4.1    Supply Chain Finance
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Structured Trade Finance
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Traditional Trade Finance
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    8.5    ASEAN Trade Finance Market by Service Provider
        8.5.1    Banks
        8.5.1.1    Market Share
        8.5.1.2    Historical Trend (2016-2020)
        8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Trade Finance Houses
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Others
    8.6    ASEAN Trade Finance Market by End User 
        8.6.1    Exporters
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Importers
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Traders
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Others
    8.7    ASEAN Trade Finance Market by Country
        8.7.1    Market Share
            8.7.1.1    Singapore
            8.7.1.2    Thailand
            8.7.1.3    Malaysia
            8.7.1.4    Philippines
            8.7.1.5    Indonesia
            8.7.1.6    Vietnam
            8.7.1.7    Others
9    Regional Analysis
    9.1    Singapore
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
    9.2    Thailand
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
    9.3    Malaysia
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
    9.4    Philippines
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
    9.5    Indonesia
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
    9.6    Vietnam
        9.6.1    Historical Trend (2016-2020)
        9.6.2    Forecast Trend (2021-2026)
    9.7    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    Asian Development Bank
        11.2.2    DBS Bank Ltd
        11.2.3    Malayan Banking Berhad
        11.2.4    Bank of the Philippine Islands
        11.2.5    Vietinbank
        11.2.6    Others


List of Figures and Tables

1.    ASEAN Trade Finance Market: Key Industry Highlights, 2016 and 2026
2.    ASEAN Trade Finance Historical Market: Breakup by Type (USD Billion), 2016-2020
3.    ASEAN Trade Finance Market Forecast: Breakup by Type (USD Billion), 2021-2026
4.    ASEAN Trade Finance Historical Market: Breakup by Service Provider (USD Billion), 2016-2020
5.    ASEAN Trade Finance Market Forecast: Breakup by Service Provider (USD Billion), 2021-2026
6.    ASEAN Trade Finance Historical Market: Breakup by End Use (USD Billion), 2016-2020
7.    ASEAN Trade Finance Market Forecast: Breakup by End Use (USD Billion), 2021-2026
8.    ASEAN Trade Finance Historical Market: Breakup by Country (USD Billion), 2016-2020
9.    ASEAN Trade Finance Market Forecast: Breakup by Country (USD Billion), 2021-2026
10.    ASEAN Trade Finance Market Structure

Key Questions Answered in the Report

In 2020, the ASEAN trade finance market attained a value of nearly USD 3.7 billion.

The market is projected to grow at a CAGR of 5.3% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach USD 5.7 billion by 2026.

The major drivers of the industry, such as the expanding trade routes, technological advancements, significant economic recovery, rising mediation of banks, expansion of SMEs, and non-tariff measures in ASEAN, are expected to aid the market growth.

The key market trends guiding the growth of the industry include the growing investments by SMEs and the non-tariff measure on essential goods in the ASEAN countries.

The major regions in the industry are Singapore, Thailand, Malaysia, the Philippines, Indonesia, and Vietnam, among others.

The leading types of trade finance in the market are supply chain finance, structured trade finance, and traditional trade finance.

The major service providers in the industry are banks and trade finance houses, among others.

The significant end users in the market are exporters, importers, and traders, among others.

The major players in the industry are Asian Development Bank, DBS Bank Ltd., Malayan Banking Berhad, Bank of the Philippine Islands, and Vietinbank, among others.

Analyst Review

The ASEAN trade finance market attained a value of USD 3.7 billion in 2020, driven by the rising trade routes and trade agreements. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 5.3%. The market is projected to reach USD 5.7 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market is segmented into supply chain finance, structured trade finance, and traditional trade finance. On the basis of service provider, the market is divided into banks and trade finance houses, among others. By end user, the industry is segmented into exporters, importers, and traders, among others. The major regional markets for trade finance in ASEAN are Singapore, Thailand, Malaysia, the Philippines, Indonesia, and Vietnam, among others. The key players in the above market include Asian Development Bank, DBS Bank Ltd., Malayan Banking Berhad, Bank of the Philippine Islands, and Vietinbank, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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