Global Commodity Trade Finance Market Size study & Forecast, by Type (Metals & Mining, Soft Commodities, Energy, and Others), Service Providers (Banks, Trade Finance Houses, and Others), and End User (Exporters, Importers, and Traders) and Regional Analysis, 2022-2029
Global Commodity Trade Finance Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Commodity Trade Finance refers to funding of trade of commodities such as heavy metals, crude oil etc. Commodity trading involves different types of contracts that derive their value from the underlying commodity. The rising expansion of BFSI sector and increasing growth of commodities trade in post covid era are key factors accelerating the market growth over the forecast period.
According to Statista- as of 2022, the revenue in the global Banking, Finance & Insurances is estimated at USD 3720 billion, and the market is projected to grow at CAGR of 2.47% between 2022 and 2025 to reach to USD 4002.52 billion by 2025. Also, rising digitization in banking and finance sector and favorable initiatives from government authorities would create lucrative growth prospective for the market during the forecast period. However, lack of focus on MSMEs and insufficient risk valuation capabilities impede the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Commodity Trade Finance Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share owing to presence of leading financial institution and rising commodity trading in the region. Whereas Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising banking sector and increasing digitization in financial services sector in the region.
Major market player included in this report are:
Industrial and Commercial Bank of China
China Construction Bank Corporation
Agriculture Bank of China
J.P. Morgan Chase
HSBC Holdings PLC
Bank of America
Wells Fargo
BNP Paribas
Mitsubishi UFJ Financial Group
Bank of China
Recent Developments in the Market:
In May 2022, Union Bank of India launched Trade nxt, a cross border trade finance service for Indian exporters and importers. This new platform would facilitate entities to perform all export/import transactions, such as entry and processing of letters of credit, bank guarantees, export/import bills, disbursement of export credit, outward and inward remittances, and dealer financing through one destination.
In July 2022, Japan based Mitsubishi UFJ Financial Group Inc. announced expansion of its commodity trade finance business in Netherlands with a new desk in Amsterdam.
Global Commodity Trade Finance Market Report Scope:
Historical DataCompanies Mentioned
Industrial and Commercial Bank of China
China Construction Bank Corporation
Agriculture Bank of China
J.P. Morgan Chase
HSBC Holdings PLC
Bank of America
Wells Fargo
BNP Paribas
Mitsubishi UFJ Financial Group
Bank of China
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