Asia Pacific Trade Finance Market 2022 Technological Strategies, Business Advancements and Top Vendor Landscape to 2030 | Asian Development Bank, Banco Santander S.A., Bank of America Corporation

Astute Analytica released a new market report on the Asia Pacific Trade Finance Market. The in-depth study of the industry includes inputs, information, and data from primary and secondary sources that have been evaluated and verified by specialists in the target market.

Along with significant data and other pertinent information, the study evaluates the competitive landscape and global market growth trend based on the business overview and helps businesses and investment organizations better grasp the market's growth characteristics.

The Asia Pacific Trade Finance Market size will grow from US$ 3,444.3 billion in 2021 to US$ 5,711.0 billion by 2030, registering a tremendous compound annual growth rate (CAGR) of 5.8% during the study period, i.e., 2022-2030.

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Regional Analysis:

The United States garnered the highest share in the consumer goods sector, followed by China, India, Indonesia, Brazil, Mexico, and other developed and developing countries, and are forecast to have substantial growth over the upcoming years.

In 2020, China held dominance in the online retail sales sector. As the contactless economy grew in response to the COVID-19 epidemic, the country's e-commerce advantage grew further as digital services like remote education and healthcare became more accessible and new sales channels became essential. The rise in living conditions among Chinese consumers led to a shift toward development-oriented consumption rather than necessity-based purchasing. As a result, life services have swiftly become popular among consumers.

COVID-19 Impact

The COVID-19 pandemic changed how people buy and wreaked havoc on the market. Cleaning supplies, shelf-stable food, beverages, and toilet paper became scarce in certain nations. Furthermore, the function of sustainability is becoming increasingly important in the consumer goods sector; there is a growing desire for more sustainable and ethically manufactured products across the board.

However, the industry's fundamentals and stock market performance have deteriorated. In terms of economic profit contribution, several players began to pull ahead of the pack. The US market before COVID-19, for example, is instructive. In the United States, specific brands (with more than $750 million in revenue) lost volume at a pace of 1.5%. Small brands increased by 1.7%, while private labels increased by 4.3%.

Major Key Players in the Asia Pacific Trade Finance Market are:

Asian Development Bank
Banco Santander S.A.
Bank of America Corporation
Standard Chartered plc
BNP Paribas S.A.
Citigroup Inc.
Crédit Agricole Group
Goldman Sachs Group Inc
Segmental Analysis:

The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the Asia Pacific Trade Finance Market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market's overall size.

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Segmentation Overview

By Offering

Supply Chain Finance
Letters of Credit (LoCs)
Bonds/ Guarantees/ IndeBnities
Trade Loans
Other Services
Cash Management
Foreign Exchange Management
By Provider Type

Banks
Trade Finance Houses
Others
By Application

Domestic Trade
International Trade
By End User

Traders
Importers
Exporters
By Country

China
India
Japan
Australia
South Korea
ASEAN
Singapore
Thailand
Vietnam
Indonesia
Malaysia
Philippines
Rest of ASEAN
Rest of Asia Pacific
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This release was published on openPR.