Reports 2013 CTRM Global Market Size | Page 8

7 Europe is continuing to face difficulties in their banking markets and much of the continent has been battling economic recession since the global financial crisis of 2008. While there are indications that there may be an economic recovery in the offing, a number of factors (including continuing debt issues in several countries, insufficient capital for trade finance, delayed opening of the liberalized energy markets, and a regulatory environment that is still unsettled) are creating headwinds that we believe will limit the growth of the European CTRM markets to less than 5% through 2018. Despite indications that Chinese economic growth may be slowing, economic growth in the Asia-Pacific region is expected to remain high in comparison to the rest of the world, and the region will continue to see increasing demand for all commodities. This demand growth, coupled with Increasing adoption of solutions for managing market and operational risks, will result in increasing demand for CTRM technologies, particularly those for managing exposures along the global supply chains in agriculturals, metals and oil products. We believe the growth rate for CTRM in the region will average 7-10% during the next 5 years, exceeding that in other areas. While CTRM deals will continue to occur in South America, it has not yet matured into a predictable and reliable market place for CTRM technologies. As much of the regions commodities markets are export oriented, and limited and very uneven economic growth (relative to other global economic regions) does not indicate an expansion of trading activities within the continent, we do not see significant prospects for growth in the CTRM markets in the region for the next several years. Advertisement © 2013 Commodity Technology Advisory LLC Houston TX and Prague CZ