South Africa Trade Credit Insurance Market Size & Outlook
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South Africa trade credit insurance market highlights
- The South Africa trade credit insurance market generated a revenue of USD 209.9 million in 2023 and is expected to reach USD 434.6 million by 2030.
- The South Africa market is expected to grow at a CAGR of 11% from 2024 to 2030.
- In terms of segment, large enterprises was the largest revenue generating enterprise size in 2023.
- Small and Medium Enterprises is the most lucrative enterprise size segment registering the fastest growth during the forecast period.
Trade credit insurance market data book summary
| Market revenue in 2023 | USD 209.9 million |
| Market revenue in 2030 | USD 434.6 million |
| Growth rate | 11% (CAGR from 2023 to 2030) |
| Largest segment | Large enterprises |
| Fastest growing segment | Small and Medium Enterprises |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Large Enterprises, Small and Medium Enterprises |
| Key market players worldwide | Allianz SE, Coface SA, American International Group Inc, Zurich Insurance Group AG, Chubb Ltd, QBE Insurance Group Ltd, American Financial Group Inc, Aon PLC Class A |
Other key industry trends
- In terms of revenue, South Africa accounted for 2.0% of the global trade credit insurance market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE trade credit insurance market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 684.1 million by 2030.
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Trade Credit Insurance Market Scope
Trade Credit Insurance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Aon PLC Class A | View profile | 50000 | James Joyce Street, Metropolitan Building, Dublin 1, Ireland, D01 K0Y8 | https://www.aon.com |
| American Financial Group Inc | View profile | 8500 | 301 East Fourth Street, Cincinnati, OH, United States, 45202 | https://www.afginc.com |
| QBE Insurance Group Ltd | View profile | 11651 | 388 George Street, Level 18, Sydney, NSW, Australia, 2000 | https://www.qbe.com |
| Chubb Ltd | View profile | 40000 | Baerengasse 32, Zurich, Switzerland, CH-8001 | https://www.chubb.com |
| Coface SA | View profile | 4720 | 1, place Costes et Bellonte, CS 20003, Bois-Colombes, France, 92270 | https://www.coface.com |
| American International Group Inc | View profile | 25200 | 1271 Avenue of the Americas, New York, NY, United States, 10020 | https://www.aig.com |
| Allianz SE | View profile | 154862 | Koniginstrasse 28, Munich, BY, Germany, 80802 | https://www.allianz.com |
| Zurich Insurance Group AG | View profile | 59593 | Mythenquai 2, Corporate Center, Zurich, Switzerland, 8002 | https://www.zurich.com |
South Africa trade credit insurance market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to trade credit insurance market will help companies and investors design strategic landscapes.
Large enterprises was the largest segment with a revenue share of 58.03% in 2023. Horizon Databook has segmented the South Africa trade credit insurance market based on large enterprises, small and medium enterprises covering the revenue growth of each sub-segment from 2017 to 2030.
The trade credit insurance market in Africa has potential growth opportunities for both established players and emerging companies. In 2021, African Development Bank introduced a new Transaction Guarantee instrument to assist local banks, SMEs, and enterprises with the ultimate goal of increasing trade to and from Africa, with the support of the World Bank.
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Target buyers of South Africa trade credit insurance market databook
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Our clientele includes a mix of trade credit insurance market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Africa trade credit insurance market , including forecasts for subscribers. This country databook contains high-level insights into South Africa trade credit insurance market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa trade credit insurance market size, by enterprise size, 2017-2030 (US$M)
South Africa Trade Credit Insurance Market Outlook Share, 2023 & 2030 (US$M)
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