Global trade finance market is expected to reach 6.9 trillion USD by 2022 www.qyresearch.com
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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.
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• The trade finance is expected to grow at a CAGR of 2.90% % from 5.8trillion USD in 2016 to reach 6.9 trillion USD by 2022 in global market. The trade finance is very fragmentation market; the revenue of top ten manufacturers accounts about 12% of the total trade finance value in 2016. Global trade continues to be on the rise and banks play an important role in facilitating the financing payment execution and risk mitigation through the sales of trade finance instruments. The significant cross-sell potential, ability to build lasting and sticky client relations and the low loss ratios of the instruments make for an attractive business for banks.
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QYResearch • Modernization and globalization of trade projects has 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 increased focus on global trade, the trade finance market is likely to witness a strong growth in coming years.
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