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 a free PDF sample or view the report summary: https://bit.ly/3aJJxhN
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 the full report with table of contents: https://bit.ly/3yQNKs2
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 (EMR) is a leading market research company with clients worldwide. Through comprehensive data collection and skillful data analysis and interpretation, the company provides its clients with comprehensive, up-to-date and actionable market insights that enable them to make informed and intelligent decisions and strengthen their position in the market. market. The customer base ranges from Fortune 1000 companies to small and medium-sized businesses.
EMR customizes syndicated reports based on client requirements and expectations. The company is active in more than 15 leading industry areas, including food and beverage, chemicals and materials, technology and media, consumer goods, packaging, agriculture and chemical products. pharmaceuticals, among others.
Over 3,000 EMR consultants and over 100 analysts work very hard to ensure that clients get only the most up-to-date, relevant, accurate and actionable information in the industry so they can formulate informed business strategies , efficient and intelligent and secure their market leadership.
Media Contact
Company name: Claight Corporation
Contact Person:- James Rowan, 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
Website: www.expertmarketresearch.com
Read more:
Global Aerosol Paint Market:
https://www.digitaljournal.com/pr/global-aerosol-paints-market-to-be-drive-by-the-rapid-urbanization-and-fast-growing-construction-industry-in-the-forecast- period-2021-2026
Global Clinical Trial Packaging Market:
https://www.digitaljournal.com/pr/global-clinical-trials-packaging-market-to-be-drive-by-customer-affinity-for-sustainable-packaging-and-growing-pharmaceutical-industry-across- the-globe-in-the-forecast-period-2021-2026
Global Optical Sensor Market:
https://www.digitaljournal.com/pr/global-optical-sensor-market-to-be-drive-by-rising-demand-in-various-end-use-sectors-in-the-forecast-period- from-2021-2026
Global Epichlorohydrin Market:
https://www.digitaljournal.com/pr/global-epichlorohydrin-market-to-be-drive-by-the-increasing-manufacturers-of-epoxy-resin-in-the-forecast-period-of-2021- 2026
Australia and New Zealand Cheese Market:
https://www.digitaljournal.com/pr/australia-and-new-zealand-cheese-market-to-be-drive-by-the-increasing-sales-of-premium-priced-cheese-and-rise- in-the-fast-food-industry-in-the-forecast-period-2021-2026
