The report titled “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” provides a comprehensive analysis of the Logistics market in Nigeria. The report covers the overall size and future outlook of Nigeria Freight Forwarding, Warehousing, Courier Express, and Parcel, 3PL, and E-Commerce market in terms of value, segmentation on the basis of service mix, by geography, by ownership and by type of industries. The report also covers the competitive landscape and company profiles of major Freight Forwarding, Warehousing, and Express Logistics Companies in Nigeria. The report concludes with market projections for future and analyst recommendations highlighting the major opportunities and challenges.
Nigeria Logistics Market Overview and Size
Logistics is vital for the economic performance of any economy. Nigeria has poor infrastructure and logistical issues along with delayed custom procedures and congestion on the roads. It is an import-based country and the economy is dependent on the export of crude oil. Nigeria was ranked 145 out of 190 economies in 2018 in ease of doing business Index and ranks 112 in the Logistics Performance Index (2018). The growth in Nigeria logistics Market has been due to the Infrastructural developments in Railways and Airways, improvement in foreign ties with other countries and the rising e-commerce sector.
Nigeria Logistics Market Segmentation
By Freight Forwarding
The Food and Beverage, Industrial and retail sectors in the country played a significant role in the growth of the freight forwarding market in Nigeria. Increasing demand for Nigerian local food and agricultural products in the country has triggered the demand for cold logistics and warehousing services. Sea freight is the most dominant mode of transportation followed by road and air freight. Over the past decade, Europe has replaced Asia as the major trading partner of Nigeria due to ECOWAS Economic Partnership Agreement with the EU.
By Warehousing
The Nigerian government and private companies are contributors to the increase in demand for cold storage for agricultural and pharmaceutical drugs and medicines. Lagos has been the commercial hub of the country and the most prime location in terms of trade and logistics due to the proximity to the major seaports, airports and industrial parks in the country. The market is strictly regulated by NAFDAC due to poor warehousing standards and rising smuggled goods in the market. The increasing automation technology along with more advanced inventory management systems is expected to help in the growth of the warehousing segment.
By Courier, Express and Parcel Logistics Market
The boom of e-commerce and easing of e-payment systems such as Paystack, PIN-based debit cards in Nigeria have increased the demand for couriers and parcel markets in the country. The rising prominence of online shopping will also contribute towards long term growth for EDS (Express Delivery Segment) in the future. The growth of e-commerce business has led to a convergence of B2B and B2C traffic, with parcel logistics providers increasingly embracing both to serve clients’ Omnichannel supply chains.
By Third Party Logistics Market
The country is known for its oil and gas exploration and exports to other countries. The oil and gas companies, whose core business is not logistics, prefer outsourcing the work to other logistics partners who have the bigger fleet size and access to all the resources and technology that will ease out their operations and short term needs for them. Companies dealing with perishable items and dangerous goods have complex transportation and warehousing needs. Aggregator platforms such as kobo logistics are becoming extremely popular that has connected the truckers with the companies to reduce the logistics cost and increase their freight.
By E-Commerce Logistics Market
The E-Commerce market developed quite late in the African continent as compared to the US and China. The E-Commerce market in Nigeria is estimated to be worth USD 13 Billion. In spite of the advancements in online payment options, around 70% of the population still preferred cash on deliveries due to poor customer service and questionable return policies. With the ease of payments through mobile money and debit cards, increasing internet penetration is expected to help this sector to grow in Nigeria.
Competitive Landscape
The competition within Nigeria Logistics and Warehousing Market is highly fragmented in nature with the presence of national and international players such as DHL, FedEx, Redstar, UPS, GMT Logistics, MDS logistics, GIG, ABC transport, Bollore, Maersk Line, TSL and many more. The competition in the freight forwarding companies is more than warehousing due to the presence of multiple players with diversified solutions at competitive prices. The logistic cost in the market is extremely high leading to contraction of the manufacturing sector in the GDP.
Future Outlook and Projections
The overall Logistics Market in Nigeria is expected to increase during the forecasted period due to the growing demand for E-Commerce Products, Increasing International trade and Rise in Domestic Manufacturing. It is expected that there will be an increase in investment towards industrial parks in export promoting zones with PPP framework. The growing middle-class population and increasing retail stores and supermarkets will increase the demand for warehousing in the future.
The logistics companies are expected to invest in advanced technologies solutions such as autonomous logistics, real-time tracking, and automation in order to provide improved customer service.
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/Air and Domestic/Ground Shipments
International/Air Shipments
Domestic/Domestic Shipments
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 Infrastructure in Nigeria
Nigeria Logistics Market Size
Nigeria Logistics Market Segmentation
Nigeria Logistics Market Future Outlook
Nigeria Logistics Market Future Segmentation
Nigeria Freight Forwarding Market Size
Nigeria Freight Forwarding Market Segmentation
Nigeria Freight Forwarding Market Future Outlook
Nigeria Freight Forwarding Market Future Segmentation
Nigeria Warehousing Market Size
Nigeria Warehousing Market Segmentation
Nigeria Warehousing Market Future Outlook
Nigeria Warehousing Market Future Segmentation
Nigeria CEP Logistics Market Size
Nigeria CEP Logistics Market Segmentation
Nigeria CEP Logistics Market Future Outlook
Nigeria CEP Logistics Market Future Segmentation
Snapshot on Nigeria E-Commerce Logistics Market
Nigeria Outsourced/3PL Logistics Market Size
Nigeria Outsourced/3PL Logistics Market Segmentation
Nigeria Outsourced/3PL Logistics Market Future Outlook
Nigeria Outsourced/3PL Logistics Market Future Segmentation
Regulatory Environment
Trends and Developments
New Technological Advancements
Issues and Challenges
Analyst Recommendation
For More Information, Refer To Below Link:-
Nigeria Logistics and Warehousing Market
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