The global trade finance market is expected to reach USD 4.1 billion in 2022 and USD 5.2 billion by 2031, growing at a compound annual growth rate (CAGR) of 3.0% during the forecast period 2024-2031.
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Market Growth Drivers:
Resilience in global trade markets amid challenges and positive changes
As
globalization continues to expand,
The global trade finance market is expected to grow. According to a forecast
by the United Nations Conference on Trade and Development , global trade is set to reach an impressive $32 trillion by 2022. Due to the ongoing impact of the war in Ukraine and the pandemic, trade in both goods and services has seen strong growth this year. Trade in goods grew by 10% , reaching an estimated $25 trillion , partly due to rising energy prices. At the same time, trade in services surged by 15% , reaching a record $7 trillion .
Market Segment:
By Product: Letter of Credit, Export Factoring, Insurance, Bill of Lading, Guarantee, Others
By finance: Structured trade finance, supply chain finance, traditional trade finance
By service provider: Banks, Trade Finance Houses, Others
By End User: Large Enterprises, Small and Medium Enterprises
Competitive environment
- trust
- Top class
- Surecomp
- Chinese system
- Intellect Design Arena
- iGTB (Intelligent Global Transaction Banking)
- MITech
- Internal system
- CGI Trade360
- recognize
inquiry -
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