Dutch companies that were active in wholesale trade were the most likely to engage in factoring, or so-called invoice trading, to acquire funds for their business in 2022. They made up nearly half of the factoring volume in the country, reaching around 42 billion euros in the second half of 2022. Factoring is a transaction in which a business sells its accounts receivable (also known as invoices), to a third-party financial company (called a factor). The factor then collects payment on those invoices from the business’s customers. The main reason that companies choose to factor is that they want to receive cash quickly, so they can meet their immediate cash needs, rather than waiting the 30 to 60 days it often takes for customers to pay their bills.
Total factoring value in the Netherlands from 1st half of 2018 to 1st half of 2022, by sector
(in million euros)
Characteristic
Wholesale trade
Industry
Transportation
Business services
Other sectors
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Factoring & Asset based financing Association Netherlands. (September 2, 2022). Total factoring value in the Netherlands from 1st half of 2018 to 1st half of 2022, by sector (in million euros) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1133842/factoring-volume-in-the-netherlands-by-sector/
Factoring & Asset based financing Association Netherlands. "Total factoring value in the Netherlands from 1st half of 2018 to 1st half of 2022, by sector (in million euros)." Chart. September 2, 2022. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1133842/factoring-volume-in-the-netherlands-by-sector/
Factoring & Asset based financing Association Netherlands. (2022). Total factoring value in the Netherlands from 1st half of 2018 to 1st half of 2022, by sector (in million euros). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1133842/factoring-volume-in-the-netherlands-by-sector/
Factoring & Asset based financing Association Netherlands. "Total Factoring Value in The Netherlands from 1st Half of 2018 to 1st Half of 2022, by Sector (in Million Euros)." Statista, Statista Inc., 2 Sep 2022, https://www.statista.com/statistics/1133842/factoring-volume-in-the-netherlands-by-sector/
Factoring & Asset based financing Association Netherlands, Total factoring value in the Netherlands from 1st half of 2018 to 1st half of 2022, by sector (in million euros) Statista, https://www.statista.com/statistics/1133842/factoring-volume-in-the-netherlands-by-sector/ (last visited August 25, 2024)
Total factoring value in the Netherlands from 1st half of 2018 to 1st half of 2022, by sector (in million euros) [Graph], Factoring & Asset based financing Association Netherlands, September 2, 2022. [Online]. Available: https://www.statista.com/statistics/1133842/factoring-volume-in-the-netherlands-by-sector/