The Importance of the International Factoring Market

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[...] • In Eastern Europe, South-Eastern Europe and the Middle East, the successful integration of new technologies into economic cycles will be essential for growth. • Within the European Union, despite the challenges forecast for 2023, the European Factoring Union (EUF) is preparing to meet these new challenges in order to continue developing the real economy. Growth and outlook for factoring worldwide  According to the CFI's latest report, the global factoring market experienced impressive growth in 2022, with notable expansion in all regions of the world. [...]

[...] 1 The Importance of the International Factoring Market Global overview of the factoring market in 2022 and outlook for  Summary of figures for 2022 : • In Africa, the volume of factoring increased by 29% compared to 2021, reaching a total of 41 billion euros. Growth was driven mainly by South Africa, Egypt, Mauritius and Tunisia. • The Americas, which account for of total world volume, have seen significant growth, particularly in North America, with growth of 45.7% since 2020, reaching 97 billion euros. • In North-East Asia, despite a slowdown in GDP growth in China, the factoring market continued to grow. • The South and South-East Asia region enjoyed exceptional growth, with figures up 44.6%. [...]

[...] • The European Union has seen impressive growth in its factoring market, with turnover reaching €2,380 billion, an increase of 19% compared to 2021.  Perspectives pour 2023 : • In Africa, the adoption of factoring legislation in several West African countries promises to stimulate the factoring market in the region. • In the Americas, despite certain challenges, the accounts receivable financing industry remains promising. • In North-East Asia, the priority will be to reinforce the importance of factoring in the banking strategy and to invest in localisation. [...]