Finance market

ASEAN Trade Finance Market to Grow at a CAGR of 5.3% During the Forecast Period 2021-2026 – Ripon College Days

Expert Market Research’s new report titled ‘ASEAN Trade Finance Market Report and Forecast 2021-2026’, gives an in-depth analysis of the ASEAN Trade Finance Market, assessing the market by based on its segments such as type, supplier, end user, and major regions Singapore, Thailand, Malaysia, Philippines, Indonesia, Vietnam and others. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.

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Key highlights of the report include:

Market Overview (2021-2026)

  • Historical market size (2020): 3.7 billion USD
  • Forecast CAGR (2021-2026): 5.3%
  • Forecasted market size (2026): 5.7 billion USD

The growth of the ASEAN trade finance market is driven by the region’s rapid industrial and economic development. The expansion of small and medium-sized enterprises (SMEs) in the global market is expected to provide opportunities for growth over the forecast period. Additionally, the need for investment activities with risk management by various manufacturers, sellers, importers, and exporters is expected to propel the market. Growing technological advancements such as Radio Frequency Identification (RFD), Optical Character Recognition (OCR), and Quick Response Codes (QRC), among others, are expected to help importers track shipments.

Industry definition and major segments

Trade finance refers to the financing of international trade through various financial instruments such as letters of credit (LC), credit agencies, export financing, bank guarantees, insurance, receivables and invoice financing, etc It improves the efficiency of the company’s working capital and mitigates the risks involved.

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By Type, the market is split into:

  • Supply Chain Finance
  • Structured Trade Finance
  • Financing of traditional trade

By service provider, the industry can be segmented into:

  • Banks
  • Trade Finance Houses
  • Others

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

  • Exporters
  • Importers
  • Traders
  • Others

ASEAN regional trade finance markets include:

  • Singapore
  • Thailand
  • Malaysia
  • Philippines
  • Indonesia
  • Vietnam
  • Others

Market trends

However, the market has seen a decline in 2020, the ASEAN trade finance market is expected to recover from the impact of covid-19 and reach pre-pandemic levels. This can be attributed to strong trade relations with North America and other developing economies. In addition, exporters and importers, on the basis of end use, are expected to be the significant shareholder in the ASEAN region due to the growing need for capital for business expansion. Moreover, factors such as increasing globalization, increasing penetration of major global players and expanding various industries, supplier base are expected to boost the growth of the region during the forecast period.

Main market players

The major players in the market are Asian Development Bank, DBS Bank Ltd, Malayan Banking Berhad, Bank of the Philippine Islands, Vietinbank, and a few others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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