“Marked with the booming economy and improving foreign ties, the logistics sector in Nigeria experienced high growth in 2018.”
Analysts at Ken Research in their latest publication “Nigeria Logistics and Warehousing Market Outlook to 2023 – By Sea, Land, Pipeline, Air Freight Forwarding; International and Domestic Freight, Integrated, and 3PL Freight Forwarding; By Warehousing (Industrial/ Retail, ICD/CFS, Cold Storage, Others), By End Users, 3PL Warehousing, Type of Warehouses; By Courier Express and Parcel Logistics and E-commerce Logistics” believe that the Logistics market has grown due to Nigeria’s strategic location in the country, infrastructural developments and government efforts to improve foreign relations.
Strategic Location: Nigeria is the world’s gateway to West Africa and Lagos is one of the most vibrant international trading hubs in Nigeria. Most of the sea transportation is done by two seaports in Lagos namely Lagos Port Complex and Tin can Port. A new Deep Sea Port in Lekki and Trans-African Highway is being constructed, which is expected to further open up Nigeria to international trade. Also, Airport connectivity is great with major foreign countries with MMI Airport in Lagos as the busiest one involved in cargo transportation.
Infrastructure Development: Improving infrastructure in the country happens to be a key growth driver for the logistics industry of the county. An Investment of NGN 200 Billion in just 10 years has been made regarding port infrastructure. Also, Abuja-Kaduna SGR has been completed to facilitate cargo and passenger movements. The willingness of international players to enter the market has made Nigeria step up their logistics infrastructure and spending.
Growth in E-Commerce Sector: The presence of e-commerce players such as Jumia, Konga, Mall for Africa and the introduction of e-payment systems such as Paga has rejuvenated the express delivery services. The e-commerce players are rejuvenating the market by increasing same-day deliveries within Lagos. The services provided by the companies such as guaranteed delivery services to the remote areas, door to door delivery, order tracking and time pick up delivery services at affordable rates have further strengthened the growth of the express logistics market in the country.
The dominance of Third-Party Logistics: For companies whose core business is not logistics, it is advisable to outsource logistics contracts. There is a tough competition in the industry where the companies have to provide diversified services to gain the market which is difficult to provide with good profits. Outsourcing enables them to gain access to resources and capabilities that are not available internally.
Key Segments Covered:-
Freight Forwarding Market
By Mode of Freight
Road Freight
Rail Freight (Volume and Revenue)
Air Freight (Airfreight in Nigeria (Volume- Imports and Exports of Cargo and Mail by Airports)
Sea Freight (Volume By Import –Export And Cargo Type, Logistic cost, Container Freight Rates, Cargo duty, General Cargo Delivery Charges, And Ship Dues)
By Type of Freight
International Freight Revenue
Domestic Freight Revenue
By Flow Corridors
Asian Countries
European Countries
Middle East
America
African Countries
By Contract and Integrated
Contract Logistics Revenue
Integrated Logistics Revenue
By End-User
Food and Beverages
Industrial and Retail
Automotive
Others (Chemical products, fertilizers, pharmaceutical products, perfumes, etc)
Warehousing Market
Revenue by Business Model
Industrial/Retail
CFS/ICD
Cold storage and agriculture
Revenue by Region
Lagos
Kano
Kaduna
Ogun
Nassaraw
Others
Revenue by Type of Warehouses
Open warehouses
Closed warehouse
Revenue by Contract and Integrated warehouses
Contract warehouses
Integrated warehouses
Revenue by End User
Food and Beverages
Automotive
Consumer retail
Health care
Others (Agricultural products and other perishable commodities)
Revenue by Market Structure
Regulated
Unregulated
Courier, Express and Parcel Logistics Market
Revenue by International and Domestic Shipments
International Shipments
Domestic Shipments
Revenue by Type of Express
Air Express
Ground Express
Revenue by Market Structure
B2B
B2C
C2C
Volume by Delivery Period
Same Day Delivery
Next Day Delivery
Two or More Days Delivery
Revenue by Intra City and InterCity
Intra City
InterCity
Revenue by Region
Lagos
Abuja
Kano
Others (Enugu, Port Harcourt, Calabar and many more)
3PL Logistics Market
By Market Type (Freight Forwarding and Warehousing)
Snapshot on E-Commerce Logistics Market in Nigeria
Snapshot on Trucking Aggregators
Kobo360
Lori system
Companies Covered
DHL
BHN Logistics
ABC Transport
UPS (United Postal Services)
Redstar Logistics
Maersk Line
MSC (Mediterranean Shipping Company)
TSL Logistics
Bollore Transport and Logistics
UPS (United Postal Services)
GMT Logistics
GIG logistics
Nipost (Nigerian Postal Service)
MDS logistics
Key Target Audience
Freight Forwarding Companies
E-Commerce Logistics Companies
3PL Companies
Consultancy Companies
Express Delivery Logistics Companies
Logistics/Warehousing Companies
Real Estate Companies/ Industrial Developers
Time Period Captured in the Report:-
Historical Period – 2013-2018
Forecast Period – 2019-2023F
Key Topics Covered in the Report:-
Logistics Industry Nigeria
Open warehouse Market Share
Import and Export Shipment Cost Nigeria
Industrial parks Nigeria
Special Economic zones in Nigeria
Nigeria food and beverages industry
Nigeria Packaged food industry
International trade of Nigeria
Nigeria logistics and warehousing services
Nigeria export Revenue Market
Bollore Transport and logistics market share
UPS Nigeria Logistics Market Analysis
For More Information, Refer To Below Link:-
Nigeria Logistics and Warehousing Market
Related Reports by Ken Research:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
