Asia: concern over upward trend of bad debt write-offs

Индикатор платежной дисциплины

Индикатор платежной дисциплины

  • Китай,
    Китай
  • Гонк Конг,
    Гонк Конг
  • Индия,
    Индия
  • Индонезия,
    Индонезия
  • Сингапур,
    Сингапур
  • Тайвань,
    Тайвань
  • Объединенные Арабские Эмираты,
    Объединенные Арабские Эмираты
  • Вьетнам
    Вьетнам
  • Сельское хозяйство,
    Сельское хозяйство
  • Автомобилестроение/Транспорт,
    Автомобилестроение/Транспорт
  • Химия/Фарма,
    Химия/Фарма
  • Строительство,
    Строительство
  • Потребительские товары,
    Потребительские товары
  • Электроника/ИКТ,
    Электроника/ИКТ
  • Пищевой сектор,
    Пищевой сектор
  • Машиностроение,
    Машиностроение
  • Муталлургия,
    Муталлургия
  • Бумага,
    Бумага
  • Сталь,
    Сталь
  • Текстиль
    Текстиль

28 июн 2022

28 июн 2022

The 2022 edition of the Atradius Payment Practices Barometer for Asia reveals a sharp rise in B2B bad debts written off as uncollectable. This represents a threat of liquidity strains for businesses.

The 2022 edition of the Atradius Payment Practices Barometer for Asia reveals a sharp rise in B2B bad debts written off as uncollectable. This represents a threat of liquidity strains for businesses.

Introduction

The 2022 edition of the Atradius Payment Practices Barometer survey findings for Asia is a valuable opportunity to hear directly from companies about how their business operations are coping with the disruptive impacts of the current challenging economic and trading circumstances.

Topics covered include: payment terms set for business-to-business (B2B) customers, the average time it takes to turn overdue B2B invoices into cash, the impact of late or non-payment on the business, and expected challenges to profitability during the coming months.

The survey questionnaire was completed by businesses across many markets in Asia (China,  Hong Kong, India, Indonesia, Singapore, Taiwan and the United Arab Emirates) during Q2 2022. For the first time this year, businesses in Vietnam were also surveyed. Responses given by companies polled are reported in the Atradius Payment Practices Barometer for Asia - June 2022 edition.

Key takeaways from the report

Late or non-payment from B2B customers is a concern for many businesses across Asia. Late payment affects half of the total value of the B2B invoices issued by companies, with 7% written off as uncollectable (up 60% from 2021 survey).

This has become a major headache for businesses polled in Asia,   chiefly due to the spiralling cost of chasing down unpaid B2B trade debts. The alarming levels of bad debts written-off as uncollectable also represent a serious threat of liquidity strains for businesses.

This explains why the need for strong strategic credit management was found to be a crucial theme throughout our survey in Asia.

However, trading on credit with B2B customers remains a widespread business practice in Asia, with twenty percent more companies than in our last survey telling us they were more willing to agree trade credit requests than previously. This appears to be a clear factor in the business environment of the markets polled across Asia.

Key survey findings for Asia

For further insights into the overall survey findings in each of the markets surveyed in Asia, please refer to the dedicated reports that form the 2022 edition of the Atradius Payment Practices Barometer for Asia, available for download on this website.

Available reports:

Overview of B2B payment practices in Asia - By industry

A detailed overview of the B2B payment practices by industry in each of the markets surveyed in Asia is contained in the market reports that form the 2022 edition of the Atradius Payment Practices Barometer for Asia. Industries covered in each market report:

  • China: chemicals/pharma, electronics/ICT, and transport
  • Hong Kong: chemicals/pharma, consumer durables, construction materials, and electronics/ICT
  • India: chemicals/pharma, consumer durables, and electronics/ICT
  • Indonesia: agri-food, chemicals/pharma, electronics/ICT, and paper
  • Singapore: agri-food, chemicals/pharma, construction, electronics/ICT, and machines
  • Taiwan: chemicals/pharma, electronics/ICT, machines, and textiles/clothing
  • Vietnam: agri-food, chemicals/pharma, consumer durables, steel/metals, and textiles/clothing
  • United Arab Emirates: agri-food, chemicals/pharma, consumer durables, electronics/ICT, and steel/metals

Дисклеймер

Вся представленная на сайте информация выложена исключительно для ознакомления и не должна быть использована в каких-либо иных целях. Действующие юридические условия обозначены в соответствующем Договоре страхования. Ничто здесь не может быть истолковано, как создающее права, обязательства или ответственность со стороны компании Атрадиус, включая обязанность работать с должной осмотрительностью с определенными Контрагентами или с Вами. Если Атрадиус предписывает работать с должной осмотрительностью с каким-либо Контрагентом, то это делается в целях андеррайтинга нашей компании, а не для выгоды Страхователей или других лиц. Кроме того, ни в коем случае Atradius и связанные с ним, дочерние и аффилированные компании не несут ответственности за любые прямые, косвенные, специальные, случайные или побочные убытки, которые могут возникнуть вследствие использования информации, представленной в данном документе.