印度貿易融資市場：按貿易活動、交易規模、技術採用、應用程式、提供者、最終用戶、地區、機會、預測，2018-2032年

預計印度貿易融資市場規模將從2024年的16.3億美元成長到2032年的29.1億美元，2025-2032年預測期間年複合成長率為7.53%。市場由多種因素驅動，這些因素以複雜的方式連接經濟體並推動市場動態。最重要的驅動力是國際貿易的擴張，隨著各國日益參與跨國交易，對高效融資機制的需求也隨之增加。這種情況甚至促使金融機構根據不斷變化的需求進行創新和簡化其貿易融資服務。當然，快速的技術進步發揮著重要作用。例如，區塊鏈技術顯著提高了貿易融資流程的透明度和安全性，有助於促進信任和效率。監管環境和地緣政治因素對貿易融資趨勢有很大影響。貿易政策、關稅和地緣政治緊張局勢的變化可能會顛覆現有的貿易模式，並迫使金融機構改變策略。此外，隨著公司尋求最大限度地減少負面影響（包括貨幣波動風險、付款延遲和政治不確定性），對風險緩解工具的需求也隨之增加，這可能會帶來穩定，促進市場成長。因此，連續性將決定各種貿易融資產品的採用趨勢，市場狀況預計將隨之改善。

貿易融資包括信用狀、銀行擔保和發票融資等多種機制。各種商業機構都在努力應對與跨國交易相關的風險和複雜性。透過提供流動性、支付安全以及降低貨幣和政治互動帶來的風險，企業可以參與全球營運並最佳化供應鏈管理。2024年9月，印度政府推出了貿易通電子平台，目的是提供全面的進出口資訊。該平台是與多個機構合作開發的，目的是透過提供對貿易相關資料的即時存取來支援新的和現有的企業家。該平台將定期更新，並在2025年之前添加新服務。

本報告檢視了印度貿易融資市場，並提供了市場概況以及貿易活動、交易規模、技術採用、應用、提供者、最終用戶、地區的趨勢和進入市場的公司簡介。

目錄

第1章 專案範圍與定義

第2章 研究方法

第3章 執行摘要

第4章 顧客回饋

第5章 印度貿易融資市場展望，2018-2032

• 市場規模分析與預測
• 市場佔有率分析與預測
• 2024年市場地圖分析
  • 依貿易活動
  • 依交易規模
  • 依科技採用
  • 依用途
  • 依提供者
  • 依最終用戶
  • 依地區

第6章 供需分析

第7章 價值鏈分析

第8章 波特五力分析

第9章 PESTLE分析

第10章 利率分析

第11章 市場動態

第12章 市場趨勢與發展

第13章 案例研究

第14章 競爭態勢

• 前5名市場領導者的競爭矩陣
• 前5名進入公司的SWOT 分析
• 市場前10位主要參與者的情況
  • SBM Bank (India) Limited
  • HDFC Bank Limited
  • ICICI Bank Limited
  • State Bank of India
  • Yes Bank Limited
  • Terkar Global Financial Development Private Limited
  • Standard Chartered PLC
  • Export-Import Bank of India
  • Indian Overseas Bank
  • Kotak Mahindra Bank Limited

第15章 策略建議

第16章 查詢及免責聲明

India trade finance market is projected to witness a CAGR of 7.53% during the forecast period FY2025-FY2032, growing from USD 1.63 billion in FY2024 to USD 2.91 billion in FY2032. The market is driven by a complex mixture of factors that intricately link economies and heighten market dynamics. The most important driver is the broadening international trade landscape, increasing the need for efficient financing mechanisms as countries increasingly engage in cross-border transactions. This scenario has even led financial institutions to innovate and streamline their trade finance services with changing needs. Of course, rapid technological advancements play a critical role, for instance, blockchain technology has greatly enhanced the transparency and security of the trade finance process, thereby helping to promote trust and efficiency. The regulatory environment and geopolitical factors have a strong influence on trends in trade finance. A change in trade policies, tariffs, and geopolitical tensions can transform existing trade patterns and force financial institutions to alter their strategies. Moreover, as companies strive to minimize exposure to adverse effects considering currency fluctuation risks, delay in payment, and political uncertainty, it is conducive to market growth since the increasing necessity for risk mitigation tools goes with stability. Hence, continuity is going to dictate the trend of adoption of various trade finance instruments and is expected to enhance the market landscape accordingly.

Trade finance involves a variety of mechanisms, which include letters of credit, bank guarantees, invoice financing, and others. Put together, various business houses deal with the risk and complexity burdened by cross-border transactions. The provision of liquidity, security of payment, risk mitigation from currency, political exchange, and others allows companies to engage in global operations and optimize their supply chain management. In September 2024, the Government of India introduced the Trade Connect ePlatform, designed to offer inclusive information on exports and imports. The platform, developed in collaboration with multiple agencies, is designed to support new and established entrepreneurs by providing real-time access to trade-related data. It will be regularly updated and enhanced to incorporate additional services by 2025.

Surge in Trade Volumes to Boost Market Growth

The increased volume of trade is significantly expanding the trade finance market in India, offering abundant opportunities to financial institutions and businesses. In light of the rising demand for goods and services in global markets, the growing and diversifying Indian economy means exports and imports are witnessing an increase. This widening international trading horizon requires efficient financing solutions that can ease transactions by mitigating potential risks. In this regard, financial institutions have responded to the trend by innovating new products that will cater to the specific needs of businesses engaged in cross-border trade. From June 2023 to June 2024, India's exports rose by USD 848 million (2.47%), increasing from USD 34.3 billion to USD 35.2 billion. In contrast, imports grew by USD 2.69 billion (5.04%), rising from USD 53.5 billion to USD 56.2 billion.

These include letters of credit, invoice financing, and supply chain financing. The growth of trade volumes compels companies, especially SMEs, to search for accessible and flexible financing to optimize their working capital. With initiatives from the Government of India in the upliftment of manufacturing sectors, boosts to the export front, and technological advancement concerning trade finance processes, the general market is likely to grow drastically. With trade finance increasingly being used by companies to alleviate complications and uncertainties concerning international trade, this upward trend in volumes will almost certainly bring the necessary momentum to the growth of the market in India.

Increase in Demand for Supply Chain Finance to Drive Market Growth

The growing demand for supply chain finance is expected to spur growth in India's trade finance market in in the coming years. It is a broader reflection of the trend in global commerce. Due to constant efforts aimed at optimizing their operations and improving cash flows, supply chain finance solutions are continually becoming more attractive to businesses. It helps a company to unblock working capital locked in its supply chain as it offers flexible financing options for suppliers and buyers. Indian competitiveness pushes Indian firms, especially SMEs, to bargain more advantageously with suppliers as it enhances their efficient and effective payments via supply chain finance. Digital transformation strengthens integration with advanced technologies supporting sophisticated supply chain finance, such as blockchain and fintech applications, improving transactional clarity and efficiency.

Government initiatives for promoting manufactures and exports boost the demand for many companies to simplify their operations and save costs. Consequently, the wave of supply chain finance meets the short-term financing needs of an enterprise and inspires sustainable long-term growth of the trade finance market, shifting India from the sidelines to a central position in the global mainstream of trade finance. In February 2024, Cashinvoice, a Mumbai-based supply chain financing platform, secured USD 3.4 million in its Series A funding round from HDFC Bank, Pravega Ventures, and Accion Venture Labs, which will help the company enhance its end-to-end supply chain finance offerings and expand its reach into deeper tiers of the supply chain.

International Segment to Dominate the India Trade Finance Market Share

International business would take the largest share of India trade finance market in the forecast years as globalizing redefined economic spaces. The demand for trade finance solutions, especially for international transactions, has increased as India emerges as a significant player in the world's trading arena. India's cross-border trade, increasingly undertaken by Indian businesses, needs sound financing mechanisms that help companies operate effectively in foreign markets, including complexities due to currency fluctuations, payment risks, and compliance challenges. Financial institutions are aligning themselves with the need by structuring more comprehensive trade finance products such as letters of credit, export credit insurance, and structured trade finance for international operations. In January 2023, ICICI Bank Limited, India's private sector bank, launched a range of digital solutions for exporters such as Export Packing Credit, e-Softex, and others, encompassing banking and value-added services on one platform, marking the first of its kind in the industry full digitalization of the export life cycle, from export market identification and export finance to servicing foreign exchange needs and facilitating receipt of export incentives.

State policy initiatives in export promotion and intensification of trade relations with key foreign countries are boosting the growth of the market. Companies want high-quality, sound, and secure services for trade finance as they expand their markets further. Above all, however, the development and implementation of numerous digital and blockchain-related models into the trade chain harmonizes international trade, which makes access to funds more accessible and straightforward for enterprises. International business will thus contribute highly to the growth of India trade finance market.

West and Central to Dominate India Trade Finance Market Share

West and Central India, especially Maharashtra and Gujarat, play a pivotal role in dominating the country's trade finance market share. Maharashtra, with Mumbai as its financial capital, hosts one of the busiest ports, facilitating a substantial volume of imports and exports. The city is a hub for numerous multinational corporations and financial institutions, which enhances access to trade finance solutions. Similarly, Gujarat boasts major ports, such as Mundra and Kandla, alongside a robust industrial base that includes textiles, chemicals, and engineering. This region's strategic geographic location, coupled with advanced infrastructure and business-friendly policies, attracts significant investment, further boosting trade activities. As businesses in these states engage increasingly in international markets, the demand for efficient trade finance products and services rises, making the West a crucial contributor to India's overall trade finance landscape. The region's focus on innovation and growth continues to position it as a leader in facilitating cross-border trade. In May 2024, India Exim Bank organized a workshop, Financial Services in Free Trade Agreements, to deepen participants' understanding of the role that financial services play in Free Trade Agreement (FTA) negotiations and their impact on global trade and economic development.

South is gradually stepping into the limelight in India's trade finance market. Rapid industrialization and economic growth-based sectors, such as information technology, manufacturing, and logistics, ensure the flourishing of the region. An efficient set-up infrastructure of well-established ports works towards increasing international trading, thus increasing the requirements for a trade finance solution. The South is developing itself as an innovation and sustainability hub, which attracts investment and leads to boosting trade activities.

Future Market Scenario (FY2025 - FY2032F)

Increased adoption of digital platforms and fintech solutions will automate and streamline the processes related to trade finance, making it more efficient and accessible for businesses.

Advanced analytics and AI-driven tools will improve risk assessment and management. These results will allow financial institutions to better navigate economic and market conditions.

Alternative financing models, including supply chain finance and dynamic discounting, will be available and reform will be optional for businesses.

The international financial institutions and international trade partners will realize the benefits of an increased flow of trade finance from this partnership.

Key Players Landscape and Outlook

The dynamic nature of India trade finance market, owing to the presence of major public and private sector banks, NBFCs, and innovative fintech firms, requires a strategic approach to navigation. In this environment, the following strategies are critical for success in terms of navigation, including investment in large-scale technology to transform digitally to expedite processes, enhance customer experiences, and speed turnaround times on transactions. Providers come up with customized trade finance solutions perfectly designed to fit into the unique needs of businesses, especially small and medium enterprises. Therefore, it makes them more relevant in the market. Other common strategic partnerships include more frequent collaborations with fintech companies that enable traditional banks to adopt new and advanced technologies, which will ensure better service delivery and risk management patterns. Sustainability is on a roll, and companies are choosing to include green finance alternatives in their inventory to attract this emerging category of eco-friendly customers. It further allows the development of better risk management by using more sophisticated analytics that help reduce potential trade risks. These tactics are put together to allow players in the trade finance industry to differentiate themselves and respond effectively to the evolving demands imposed by companies engaging in cross-border trade.

In January 2024, Yes Bank Limited became the first Indian bank to execute an export finance transaction on the International Trade Financing Services Platform (ITFS) of RXIL Global IFSC Limited, a leading fintech company registered under the International Financial Services Centres Authority (IFSCA). This partnership offers credit arrangements by Indian and other international institutions for both exporters and importers through factoring and forfeiting services while providing competitive

pricing and fast turnaround time on a digital platform.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Product and Market Intelligence
• 4.2. Mode of Brand Awareness
• 4.3. Factors Considered in Purchase Decisions
  • 4.3.1. Trade Agreements
  • 4.3.2. Currency Risk
  • 4.3.3. Interest Rates
  • 4.3.4. Payment Terms
  • 4.3.5. Supply Chain Reliability
  • 4.3.6. Technology and Platforms
  • 4.3.7. Insurance Options
• 4.4. Customer Support
• 4.5. Consideration of Privacy and Regulations

5. India Trade Finance Market Outlook, FY2018-FY2032F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Trade Activity
    • 5.2.1.1. Trade Credits
    • 5.2.1.2. Trade Loans
    • 5.2.1.3. Factoring
    • 5.2.1.4. Forfaiting
    • 5.2.1.5. Export Credit Agencies
  • 5.2.2. By Transaction Size
    • 5.2.2.1. Small-scale Transactions
    • 5.2.2.2. Medium-scale Transactions
    • 5.2.2.3. Large-scale Transactions
  • 5.2.3. By Technology Adoption
    • 5.2.3.1. Traditional
    • 5.2.3.2. Digital
    • 5.2.3.3. Blockchain-based
  • 5.2.4. By Application
    • 5.2.4.1. International
    • 5.2.4.2. Domestic
  • 5.2.5. By Provider
    • 5.2.5.1. Banks
    • 5.2.5.2. Insurance Companies
    • 5.2.5.3. Trade Finance Houses
    • 5.2.5.4. Others
  • 5.2.6. By End-user
    • 5.2.6.1. Traders
    • 5.2.6.2. Importers
    • 5.2.6.3. Exporters
  • 5.2.7. By Region
    • 5.2.7.1. North
    • 5.2.7.2. South
    • 5.2.7.3. East
    • 5.2.7.4. West and Central
  • 5.2.8. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY2024)
• 5.3. Market Map Analysis, FY2024
  • 5.3.1. By Trade Activity
  • 5.3.2. By Transaction Size
  • 5.3.3. By Technology Adoption
  • 5.3.4. By Application
  • 5.3.5. By Provider
  • 5.3.6. By End-user
  • 5.3.7. By Region

6. Demand Supply Analysis

7. Value Chain Analysis

8. Porter's Five Forces Analysis

9. PESTLE Analysis

10. Interest Rate Analysis

11. Market Dynamics

• 11.1. Market Drivers
• 11.2. Market Challenges

12. Market Trends and Developments

13. Case Studies

14. Competitive Landscape

• 14.1. Competition Matrix of Top 5 Market Leaders
• 14.2. SWOT Analysis for Top 5 Players
• 14.3. Key Players Landscape for Top 10 Market Players
  • 14.3.1. SBM Bank (India) Limited
    • 14.3.1.1. Company Details
    • 14.3.1.2. Key Management Personnel
    • 14.3.1.3. Products and Services
    • 14.3.1.4. Financials (As Reported)
    • 14.3.1.5. Key Market Focus and Geographical Presence
    • 14.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 14.3.2. HDFC Bank Limited
  • 14.3.3. ICICI Bank Limited
  • 14.3.4. State Bank of India
  • 14.3.5. Yes Bank Limited
  • 14.3.6. Terkar Global Financial Development Private Limited
  • 14.3.7. Standard Chartered PLC
  • 14.3.8. Export-Import Bank of India
  • 14.3.9. Indian Overseas Bank
  • 14.3.10. Kotak Mahindra Bank Limited

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

15. Strategic Recommendations

16. About Us and Disclaimer

List of Tables

• Table 1. Pricing Analysis of Products from Key Players
• Table 2. Competition Matrix of Top 5 Market Leaders
• Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. India Trade Finance Market, By Value, In USD Billion, FY2018-FY2032F
• Figure 2. India Trade Finance Market Share (%), By Trade Activity, FY2018-FY2032F
• Figure 3. India Trade Finance Market Share (%), By Transaction Size, FY2018-FY2032F
• Figure 4. India Trade Finance Market Share (%), By Technology Adoption, FY2018-FY2032F
• Figure 5. India Trade Finance Market Share (%), By Application, FY2018-FY2032F
• Figure 6. India Trade Finance Market Share (%), By Provider, FY2018-FY2032F
• Figure 7. India Trade Finance Market Share (%), By End-user, FY2018-FY2032F
• Figure 8. India Trade Finance Market Share (%), By Region, FY2018-FY2032F
• Figure 9. By Trade Activity Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 10. By Transaction Size Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 11. By Technology Adoption Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 12. By Application Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 13. By Provider Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 14. By End-user Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 15. By Region Map-Market Size (USD Billion) & Growth Rate (%), FY2024