Asia's share of global revenues doubled in the last 7 years: Citi

Find out how Citi benefits from this growth.

According to a recent study by Citi, Asia’s share of global revenues had doubled in the last seven years.

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The research showed the impressive growth by Asian companies since 2005 in terms of revenues with Asian companies now clear leaders in many of their respective industries.

For selected industry groups Citi tracked the growth of companies in Asia ex-Japan through their revenues. For each industry sector the following two metrics were used:

- The share of revenue of Asian companies in the top 20 global companies ranked by revenue expressed as a percentage of the top 20 global companies in that industry sector for 2005, 2008 and 2012.

- The share of revenue of the top 20 Asian companies ranked by revenue expressed as a percentage of the total revenue of the companies in the industry sector for 2005, 2008, 2012.

The sectors researched were Industrials, Technology, Energy, Telecom, Auto and Semiconductors and in all sectors Asia’s share has mostly doubled.

In industrials the share of revenue of Asian firms in the top 20 global firms almost tripled from 10.9% in 2005 to 27% in 2012. In technology the share for Asia doubled from 12.5% to 24.6% and in energy from 9% to 21.6%.

The biggest increase in share of revenues of the top 20 Asian firms expressed as a percentage of the industry was in energy where the increase went from 11.4% to 19.5%.

“The research underlines the rise of Asian champions across many industries in the region. Asia is now home to an established and growing base of global corporate champions,” said Arun Bansal, head of Asia Pacific Financial Strategy Group and the author of the research.

The coverage of Asia’s leading corporates is a strategic priority for Citi in Asia across its 18 markets in Asia Pacific. Citi also offers these companies access to its global network in over 100 countries helping Asia’s corporates expand globally.

In the last three years Citi has opened 25 Asian desks located around the world to further support its clients. Via its institutional clients platform Citi offers Asian corporates access to investment banking, corporate banking, hedging, trade finance, FX, cash management and other treasury and trade services to support a company’s business.