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Factoring: FCI Experienced Exceptional Growth in 2014


FCI’s cross-border correspondent factoring volume grew in 2014 by 15% to nearly EUR 29 billion, following a 9% increase in 2013.



The growth was in part fuelled once again by China, where the two-factor export volume reached nearly EUR 11 billion, an 8% increase, accounting for 38% of the total export factoring volume. However, this growth is in contrast to 2013, in which China grew more than 27%.

Turkey as second largest market reached an export factoring volume of EUR 3.6 billion (+7%) while Taiwan as third largest market was flat with EUR 2.4 billion.

Seen from an import factoring point of view, the U.S. was the largest import market, having generated EUR 9.2 billion, a decrease of 7% stemming mainly from a slowing China, followed by China with a 9% increase to EUR 3.8 billion, and France with a growth of 9% to EUR 3.0 billion.

The average size of the factored cross-border invoices continues to increase in 2014 from EUR 46,000 to nearly EUR 50,000.

With their continued growth in export factoring and now its significant increase in import factoring, China is now the largest player in FCI, accounting for over 50% of the total international correspondent factoring volume in the world today. This growth is in part reflected by their increasing inter-Asian business as well.

From a regional perspective, Asia Pacific is the largest in terms of cross border import and export volume, accounting for 46% of the total, Europe is second at 34% and North America is third, accounting for 18%.

The above figures are the two-factor volumes handled over the FCI edifactoring.com platform. The official Market Survey for 2014 will bring more information, including domestic and direct international factoring business, broken down by country, type of factoring, etc. These figures will be available by the end of March 2015.

Founded in 1968, Factors Chain International (FCI) is a global network of leading companies, whose common aim is to facilitate international trade through factoring and related financial services. Headquartered in Amsterdam, Netherlands, FCI has over 270 members in 73 countries, and is by far the world’s largest factoring network, with member transactions representing nearly 90% of the world’s international correspondent factoring volume.

Factors Chain International
fci.nl

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Mercredi 11 Février 2015
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