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.
Request Free PDF Sample or View Report Summary: https://www.expertmarketresearch.com/reports/asean-trade-finance-market/requestsample
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.
Explore Full Report with TOC: https://www.expertmarketresearch.com/reports/asean-trade-finance-market
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.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports and advisory services to our clients. We serve a wide clientele ranging from Fortune 1000 companies to small and medium-sized businesses. Our reports cover over 100 industries in established and emerging markets researched by our trained analysts who track the latest economic, demographic, business and market data globally.
At Expert Market Research, we tailor our approach based on the needs and preferences of our clients, providing them with valuable, actionable and up-to-date market insights, helping them realize their optimal growth potential. We offer market intelligence across a range of verticals including Pharmaceuticals, Food & Beverage, Technology, Retail, Chemicals & Materials, Energy & Mining, Packaging and agriculture.
We also provide state-of-the-art procurement information through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market insights, supply chain insights, sourcing analytics, and procurement insights. categories with our in-depth and infallible market reports, cost of production reports, price analysis and benchmarking.
Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consulting services to a wide client base in Spanish-speaking countries. Focusing primarily on the Latin American and Spanish markets, our research experts provide relevant and actionable market insights and track key trends, economic developments and global trade data.
Determined to bring client satisfaction, we ensure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and custom research reports cover a wide range of industries from pharmaceuticals and food and beverages to packaging, logistics and transportation.
Media Contact
Company Name: Market Research Expert
Contact Person:-Adam Lee, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free: USA +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com
* At Expert Market Research, we always strive to give you the latest information. The figures in the article are only indicative and may differ from the actual report.
