Letter of Credit Confirmation Market Growth 2033

The global letter of credit confirmation market size reached USD 4.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 6.3 Billion by 2033, exhibiting a growth rate (CAGR) of 3.31% during 2025-2033. Letter of credit confirmation is a service offered by the confirming banks based in the country where the exporters reside, assuming that the terms and conditions (T&C) for existing trade are fulfilled by the issuing banks.

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