Nigeria Courier, Express, and Parcel (CEP) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

The Nigeria Courier, Express, And Parcel (CEP) Market report segments the industry into Destination (Domestic, International), Speed Of Delivery (Express, Non-Express), Model (Business-To-Business (B2B), Business-To-Consumer (B2C), Consumer-To-Consumer (C2C)), Shipment Weight (Heavy Weight Shipments, Light Weight Shipments, Medium Weight Shipments), Mode Of Transport (Air, Road, Others), End User Industry (E-Commerce, and more).

INSTANT ACCESS

Nigeria Courier, Express, and Parcel (CEP) Market Size

Compare market size and growth of Nigeria Courier, Express, and Parcel (CEP) Market with other markets in Logistics Industry

Nigeria Courier, Express, and Parcel (CEP) Market Analysis

The Nigeria Courier, Express, and Parcel (CEP) Market size is estimated at 129.8 million USD in 2025, and is expected to reach 186.8 million USD by 2030, growing at a CAGR of 7.56% during the forecast period (2025-2030).

The Nigerian CEP industry is undergoing significant transformation through infrastructure development and digitalization initiatives. In February 2024, the Lagos State government unveiled plans to allocate USD 1.22 billion towards infrastructure development, while Maersk committed USD 600 million to port expansion and enhancement initiatives. These investments complement the government's USD 1 billion contribution aimed at reconstructing Nigeria's seaports, bringing Maersk's total investment in the West African nation to USD 2 billion. The country currently faces a substantial infrastructure deficit, requiring approximately USD 84 billion annually to bridge the gap, highlighting the critical need for continued investment in logistics service infrastructure.

The logistics landscape is witnessing notable improvements in operational efficiency and regulatory compliance. Nigeria's logistics service performance has shown marked improvement, rising to the 88th position among 139 countries in the most recent World Bank LPI rankings. In January 2024, the Ministry of Works initiated collaborations with concessionaires and private sector entities to attract investments for the development of 35,000 kilometers of federal road networks, aiming to strengthen partnerships and investigate alternative financing approaches for constructing, reconstructing, and rehabilitating various federal roads nationwide through PPPs.

The industry is experiencing rapid technological advancement through the implementation of innovative delivery solutions. Self-service lockers are being deployed across Nigeria's 774 local government areas through a partnership between SmartParcel and the Nigerian Postal Service, with plans to establish 10,000 lockers via a franchise model. This initiative allows users and corporate entities to own lockers and monitor activities through a dashboard, representing a significant step toward modernizing last mile delivery infrastructure. The Nigerian Postal Service has demonstrated the viability of such innovations, with its EMS-SpeedPost service contributing 35.14% of total revenue.

The sector faces ongoing challenges related to operational costs and regulatory oversight. As of December 2022, Nigeria recorded 716 licensed courier services in Nigeria, while approximately 500 operated without proper licensing, highlighting the need for stronger regulatory enforcement. The transport sector's contribution to GDP declined to 1.35% in Q2 2023, down from 2.79% in Q2 2022, primarily due to rising operational costs. This challenge is further exemplified by the recent surge in fuel prices, with rates exceeding USD 1.89 per liter in major cities like Lagos and Abuja in early 2024, significantly impacting delivery operations and overall logistics service costs.

Segment Analysis: By Destination

Domestic Segment in Nigeria CEP Market

The domestic segment dominates the Nigerian Courier, Express, and Parcel (CEP) market, accounting for approximately 80% of the total market volume in 2024. This significant market share is driven by robust growth in domestic e-commerce activities and increasing demand for last-mile delivery services across major Nigerian cities. The segment's strong performance is supported by the expansion of delivery networks, with companies like NIPOST handling over 8 million parcels domestically. The implementation of self-service lockers and innovative parcel delivery solutions has further strengthened the domestic segment's position. For instance, SmartParcel's agreement with the Nigerian Postal Service to install smart lockers across Nigeria's 774 local government areas has enhanced the accessibility and efficiency of domestic parcel delivery services.

International Segment in Nigeria CEP Market

The international segment of Nigeria's CEP market is projected to demonstrate robust growth between 2024 and 2029, with an expected growth rate of approximately 8%. This accelerated growth is primarily driven by increasing cross-border e-commerce activities and strategic partnerships between global logistics players. The segment's expansion is supported by significant developments in Nigeria's logistics infrastructure, including the modernization of ports and the implementation of advanced tracking systems. Major international players like FedEx Express have established a direct commercial presence in Nigeria to meet the rising international shipping demand, while partnerships such as UPS's collaboration with Jumia have enhanced cross-border express delivery capabilities. The segment's growth is further bolstered by Nigeria's position as a key trading hub in West Africa and its expanding trade relationships with countries across different continents.

Segment Analysis: By Speed of Delivery

Non-Express Segment in Nigeria CEP Market

The non-express delivery segment dominates the Nigerian Courier, Express, and Parcel (CEP) market, accounting for approximately 91% market share in 2024. This significant market position is supported by the presence of over 700 licensed courier operators in the country, while an additional 500 operate without proper licensing. The segment's dominance is particularly evident in the delivery of regular parcels and documents that don't require urgent delivery timeframes. The Nigerian Postal Service (NIPOST) plays a crucial role in this segment, handling over 8 million parcels domestically. The segment's strong performance is further bolstered by the growing e-commerce sector, with major platforms like Jumia and Konga utilizing non-express delivery services for their standard shipping options.

Express Segment in Nigeria CEP Market

The express delivery segment is experiencing rapid growth in Nigeria's CEP market, projected to grow at approximately 9% annually from 2024 to 2029. This accelerated growth is driven by increasing demand for same-day delivery and next-day delivery, particularly in major cities like Lagos, Abuja, and Port Harcourt. The segment's expansion is supported by innovative delivery solutions, such as Zipline's autonomous delivery platform, which aims to complete approximately 1 million deliveries through its advanced home delivery system. Additionally, technology-driven logistics companies like GIGL are introducing new express delivery services like Go-Faster, focusing on next-day deliveries in key metropolitan areas. The segment is further strengthened by the integration of electric delivery vans and the development of efficient last-mile delivery networks.

Segment Analysis: By Model

Business-to-Consumer (B2C) Segment in Nigeria CEP Market

The Business-to-Consumer (B2C) segment dominates Nigeria's Courier, Express, and Parcel market, commanding approximately 55% market share in 2024, driven primarily by the robust growth of e-commerce activities. The segment's prominence is reinforced by the increasing adoption of mobile shopping, which represents about 72% of online shopping activities in Nigeria. Major e-commerce platforms like Jumia have established strategic partnerships with logistics providers to enhance their B2C delivery capabilities, while also implementing innovative solutions such as smart lockers and automated delivery systems. The segment's growth is further supported by the rising internet penetration and smartphone usage across Nigeria, enabling more consumers to access online shopping platforms. Additionally, the expansion of last-mile delivery networks and the introduction of various delivery options, including same-day delivery and next-day delivery services, have significantly enhanced the B2C segment's market position. The segment is experiencing the fastest growth rate of around 10% annually, propelled by increasing consumer confidence in online shopping and the continuous improvement of delivery infrastructure across major Nigerian cities.

Remaining Segments in CEP Market by Model

The Business-to-Business (B2B) and Consumer-to-Consumer (C2C) segments complete the Nigerian CEP market landscape, each serving distinct market needs. The B2B segment primarily caters to corporate clients, manufacturing industries, and retail businesses, facilitating the movement of goods between businesses through established logistics networks. Companies like Kobo360 have strengthened the B2B delivery segment by providing specialized logistics solutions for corporate clients. Meanwhile, the C2C segment has gained traction through the growing second-hand market and personal item shipping services, particularly in major cities like Lagos, Ibadan, and Abuja. The emergence of digital platforms and mobile applications has made it easier for individuals to arrange peer-to-peer deliveries, while the integration of secure payment systems has enhanced trust in C2C transactions. Both segments benefit from ongoing improvements in logistics infrastructure and the adoption of technology-driven solutions for tracking and delivery management.

Segment Analysis: By Mode of Transport

Road Transport Segment in Nigeria CEP Market

Road transport dominates the Nigerian Courier, Express, and Parcel (CEP) market, accounting for approximately 50% of the total market value in 2024. The segment's strong position is driven by Nigeria's extensive road network, which is the largest in West Africa and the second largest south of the Sahara. The national road network spans approximately 194,200 km, with federal roads comprising 17.6%, state roads 15.7%, and local/rural roads making up 66.7%. The government's commitment to road infrastructure development is evident through significant investments, including the approval of 25-year concessions on nine major corridors connecting the country's main population and economic centers. Despite challenges like rising fuel costs and maintenance expenses, road transport remains the preferred mode for freight movement, handling over 90% of freight transportation in Nigeria.

Air Transport Segment in Nigeria CEP Market

The air transport segment in Nigeria's CEP market is projected to experience robust growth with an estimated CAGR of approximately 7% between 2024 and 2029. This growth is supported by various infrastructure development initiatives, such as the Lagos state government's plans to construct a new airport in the Lekki-Epe region. The Nigerian Export Promotion Council (NEPC) is actively promoting air freight services by partnering with logistics providers to offer discounted rates on key routes like Lagos to London Heathrow. The segment's expansion is further driven by increasing e-commerce activities, which generate significant demand for air transport services in the distribution of couriers and parcels. Major international express delivery providers like DHL, FedEx, UPS, and Red Star Express are strengthening their air freight capabilities to capitalize on this growth opportunity.

Remaining Segments in Mode of Transport

The remaining transport segments in Nigeria's CEP market include rail, sea, and inland waterways, which play complementary roles in the country's logistics network. The rail segment is experiencing transformation through significant government investments and partnerships with international players, particularly in developing new railway lines and modernizing existing infrastructure. Maritime transport, including sea and inland waterways, serves as the second most important transportation mode in Nigeria, benefiting from the government's focus on maritime industry development under the National Development Plan. These alternative modes of transport are crucial for providing multimodal transportation solutions and enhancing the overall efficiency of the CEP market in Nigeria.

Segment Analysis: By End User Industry

Manufacturing Segment in Nigeria CEP Market

The manufacturing sector dominates Nigeria's Courier, Express, and Parcel (CEP) market, accounting for approximately 40% of the total market value in 2024. The segment's strong performance is driven by significant growth in Nigeria's pharmaceutical manufacturing industry, which has generated increased demand for cold-chain and specialized delivery services. The government's initiatives to boost local manufacturing through various incentives and grants have further strengthened this segment. Major manufacturers are increasingly partnering with logistics providers to ensure efficient delivery of their products. For instance, Cormart, a leading chemical & food raw materials company, has established strategic partnerships for local manufacturing and distribution. The changing consumer behavior focusing on both physical and virtual shopping channels has led to rising last-mile delivery demand in the manufacturing sector. Additionally, the semiconductor industry, though in its nascent stages, is showing promising growth potential and contributing to the segment's expansion.

E-commerce Segment in Nigeria CEP Market

The e-commerce segment is experiencing rapid growth in Nigeria's CEP market, with projections indicating strong expansion between 2024 and 2029. This growth is primarily driven by the increasing adoption of online shopping platforms and digital payment solutions. The segment has witnessed significant developments with major e-commerce players expanding their delivery capabilities. Jumia, for instance, has entered into strategic partnerships with Errand360 for last-mile logistics services and Zipline for on-demand drone instant delivery services. The electronics and fashion industries represent significant portions of e-commerce deliveries, while online food delivery has emerged as one of the fastest-growing sub-segments. The market is also seeing innovation in delivery methods, with companies implementing self-service lockers and automated delivery systems to handle both domestic and international parcel deliveries. The segment's growth is further supported by increasing internet penetration and smartphone usage across Nigeria.

Remaining Segments in End User Industry

The other segments in Nigeria's CEP market include healthcare, financial services (BFSI), primary industry, and wholesale/retail trade, each contributing uniquely to the market dynamics. The healthcare segment is particularly notable for its specialized delivery requirements, especially in clinical sample transportation and pharmaceutical distribution. The financial services sector continues to generate steady demand through the delivery of banking documents, cards, and other sensitive materials. The primary industry segment, encompassing agriculture, fishing, and forestry, relies heavily on temperature-controlled logistics services, while the wholesale and retail trade segment benefits from the growing network of retail chains and their distribution requirements. These segments collectively form a diverse ecosystem that supports various specialized delivery needs across different sectors of the Nigerian economy.

Nigeria Courier, Express, and Parcel (CEP) Industry Overview

Top Companies in Nigeria Courier, Express, and Parcel Market

The leading companies in Nigeria's CEP market are demonstrating a strong commitment to innovation and operational excellence through various strategic initiatives. Companies are actively expanding their fleets with electric delivery vehicles and investing in automated sorting facilities to enhance operational efficiency. Strategic partnerships with global logistics services providers and e-commerce platforms are becoming increasingly common to strengthen market presence and service capabilities. Companies are also focusing on developing specialized solutions for different industry verticals while expanding their geographical footprint through new office openings and service center establishments. The emphasis on last-mile delivery optimization and the adoption of digital tracking systems reflect the industry's push toward technological advancement. Market leaders are additionally investing in cold chain capabilities and specialized handling facilities to cater to the growing demand from pharmaceutical and perishable goods segments.

Market Structure Shows Mixed Global-Local Competition

The Nigerian CEP market exhibits a fragmented competitive structure with a mix of global logistics giants and established local players competing for market share. International players like DHL, UPS, and FedEx leverage their global networks and technological capabilities, while local champions such as Red Star Express and ABC Transport capitalize on their deep understanding of regional markets and extensive domestic networks. The market demonstrates moderate consolidation levels, with the top five players accounting for a significant portion of market share, though numerous smaller regional players maintain strong positions in specific geographical areas or specialized service segments.

The competitive landscape is characterized by increasing collaboration between global and local players through strategic partnerships and joint ventures, particularly in expanding e-commerce fulfillment capabilities. Market entry barriers remain relatively high due to the need for substantial infrastructure investments and established distribution networks. Local players are increasingly seeking partnerships with international firms to enhance their service offerings and technological capabilities, while global players are partnering with local companies to better navigate regional complexities and expand their reach in the Nigerian market.

Innovation and Network Expansion Drive Success

Success in the Nigerian CEP market increasingly depends on companies' ability to innovate while building robust delivery networks. Market leaders are strengthening their positions through investments in automated sorting facilities, digital platforms, and specialized handling capabilities. Companies are focusing on developing industry-specific solutions, particularly for e-commerce, healthcare, and retail sectors, while expanding their presence in secondary cities and rural areas. The ability to offer value-added services, maintain cost efficiency, and provide reliable last-mile courier services solutions has become crucial for maintaining a competitive advantage.

Future market success will require players to address several key challenges while capitalizing on emerging opportunities. Companies must navigate regulatory requirements, particularly in areas of cross-border trade and environmental compliance, while maintaining operational efficiency. Building strong relationships with key e-commerce platforms and retail chains is becoming increasingly important for sustained growth. Market players need to invest in employee training and development while maintaining service quality standards across their networks. The ability to adapt to changing consumer preferences, particularly in digital integration and sustainable delivery solutions, will be crucial for long-term success in the market.

Nigeria Courier, Express, and Parcel (CEP) Market Leaders

  1. DHL Group

  2. Nipost

  3. Red Star Express PLC

  4. Rowsy International Ltd.

  5. United Parcel Service of America, Inc. (UPS)

  6. *Disclaimer: Major Players sorted in no particular order
Nigeria Courier, Express, and Parcel (CEP) Market Concentration
Need More Details on Market Players and Competitors?
Download PDF

Nigeria Courier, Express, and Parcel (CEP) Market News

  • October 2024: UPS had enhanced its air network, enabling faster deliveries for customers across Asia, Africa, and the Middle East, covering over 35 countries. Customers from major Asia Pacific economies had enjoyed next-day delivery to Seoul, South Korea, and from Bangkok to various destinations in the region. In Vietnam, Ho Chi Minh City customers had benefited from next-day services to select regional cities. Shipments from Hanoi to certain Australian cities were completed in just two business days. Additionally, UPS had rolled out Saturday pick-ups in Hanoi for deliveries heading to Sydney, offering businesses more flexibility and accelerating their speed-to-market. Furthermore, deliveries from select Australian cities to Europe were made in as little as two business days.
  • March 2024: UPS introduced the UPS Supply Chain Symphony® for UPS Healthcare, a cloud-based platform designed to unify and harmonize supply chain data from various operational systems. This initiative sought to offer healthcare clients a comprehensive view of their logistics operations.
  • March 2023: UPS entered a partnership with Google Cloud, where Google helped UPS by putting radio-frequency identification chips on packages to track them efficiently.

Free With This Report

We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 60+ free charts, the section covers difficult to find data on various regions pertaining to e-commerce industry trends, economic contribution of the transportation & storage sector, export-import trends, logistics performance among other key indicators.

Nigeria Courier, Express, and Parcel (CEP) Market
Nigeria Courier, Express, and Parcel (CEP) Market
Nigeria Courier, Express, and Parcel (CEP) Market
Nigeria Courier, Express, and Parcel (CEP) Market
Nigeria Courier, Express, and Parcel (CEP) Market
Nigeria Courier, Express, and Parcel (CEP) Market
Nigeria Courier, Express, and Parcel (CEP) Market
Nigeria Courier, Express, and Parcel (CEP) Market

Nigeria Courier, Express, and Parcel (CEP) Market Report - Table of Contents

1. EXECUTIVE SUMMARY & KEY FINDINGS

2. REPORT OFFERS

3. INTRODUCTION

  • 3.1 Study Assumptions & Market Definition
  • 3.2 Scope of the Study​
  • 3.3 Research Methodology

4. KEY INDUSTRY TRENDS

  • 4.1 Demographics
  • 4.2 GDP Distribution By Economic Activity
  • 4.3 GDP Growth By Economic Activity
  • 4.4 Inflation
  • 4.5 Economic Performance And Profile
    • 4.5.1 Trends in E-Commerce Industry
    • 4.5.2 Trends in Manufacturing Industry
  • 4.6 Transport And Storage Sector GDP
  • 4.7 Export Trends
  • 4.8 Import Trends
  • 4.9 Fuel Price
  • 4.10 Logistics Performance
  • 4.11 Infrastructure
  • 4.12 Regulatory Framework
    • 4.12.1 Nigeria
  • 4.13 Value Chain & Distribution Channel Analysis

5. MARKET SEGMENTATION (includes Market Value in USD, Forecasts up to 2030 and analysis of growth prospects)

  • 5.1 Destination
    • 5.1.1 Domestic
    • 5.1.2 International
  • 5.2 Speed Of Delivery
    • 5.2.1 Express
    • 5.2.2 Non-Express
  • 5.3 Model
    • 5.3.1 Business-to-Business (B2B)
    • 5.3.2 Business-to-Consumer (B2C)
    • 5.3.3 Consumer-to-Consumer (C2C)
  • 5.4 Shipment Weight
    • 5.4.1 Heavy Weight Shipments
    • 5.4.2 Light Weight Shipments
    • 5.4.3 Medium Weight Shipments
  • 5.5 Mode Of Transport
    • 5.5.1 Air
    • 5.5.2 Road
    • 5.5.3 Others
  • 5.6 End User Industry
    • 5.6.1 E-Commerce
    • 5.6.2 Financial Services (BFSI)
    • 5.6.3 Healthcare
    • 5.6.4 Manufacturing
    • 5.6.5 Primary Industry
    • 5.6.6 Wholesale and Retail Trade (Offline)
    • 5.6.7 Others

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles
    • 6.4.1 ABC Transport PLC
    • 6.4.2 Africa Delivery Technologies Ltd.
    • 6.4.3 CMA CGM Group (including CEVA Logistics)
    • 6.4.4 DHL Group
    • 6.4.5 Nipost
    • 6.4.6 Red Star Express PLC
    • 6.4.7 Rowsy International Ltd.
    • 6.4.8 SkyNet Worldwide Express
    • 6.4.9 United Parcel Service of America, Inc. (UPS)
  • *List Not Exhaustive

7. KEY STRATEGIC QUESTIONS FOR CEP CEOS

8. APPENDIX

  • 8.1 Global Overview
    • 8.1.1 Overview
    • 8.1.2 Porter’s Five Forces Framework
    • 8.1.3 Global Value Chain Analysis
    • 8.1.4 Market Dynamics (DROs)
    • 8.1.5 Technological Advancements
  • 8.2 Sources & References
  • 8.3 List of Tables & Figures
  • 8.4 Primary Insights
  • 8.5 Data Pack
  • 8.6 Glossary of Terms
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

List of Tables & Figures

  1. Figure 1:  
  2. POPULATION DISTRIBUTION BY GENDER, COUNT, NIGERIA, 2017 - 2030
  1. Figure 2:  
  2. POPULATION DISTRIBUTION BY DEVELOPMENT AREA, COUNT, NIGERIA, 2017 - 2030
  1. Figure 3:  
  2. POPULATION DENSITY, POPULATION/SQ. KM, NIGERIA, 2017 - 2030
  1. Figure 4:  
  2. GROSS DOMESTIC PRODUCT (GDP) SHARE OF FINAL CONSUMPTION EXPENDITURE (IN CURRENT PRICES), SHARE % OF GDP, NIGERIA, 2017 - 2022
  1. Figure 5:  
  2. FINAL CONSUMPTION EXPENDITURE, ANNUAL GROWTH (%), NIGERIA, 2017 - 2022
  1. Figure 6:  
  2. POPULATION DISTRIBUTION BY MAJOR CITY, COUNT, NIGERIA, 2022
  1. Figure 7:  
  2. DISTRIBUTION OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, SHARE %, NIGERIA, 2022
  1. Figure 8:  
  2. GROWTH OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, CAGR %, NIGERIA, 2017 – 2022
  1. Figure 9:  
  2. CONSUMER PRICE INFLATION RATE, %, NIGERIA, 2017 - 2022
  1. Figure 10:  
  2. GROSS MERCHANDISE VALUE (GMV) OF E-COMMERCE INDUSTRY, USD, NIGERIA, 2017 - 2027
  1. Figure 11:  
  2. SECTORAL SHARE IN E-COMMERCE INDUSTRY GROSS MERCHANDISE VALUE (GMV), SHARE %, NIGERIA, 2022
  1. Figure 12:  
  2. GROSS VALUE ADDED (GVA) OF MANUFACTURING INDUSTRY (IN CURRENT PRICES), USD, NIGERIA, 2017 - 2022
  1. Figure 13:  
  2. SECTORAL SHARE IN GROSS VALUE ADDED (GVA) OF MANUFACTURING INDUSTRY, SHARE %, NIGERIA, 2022
  1. Figure 14:  
  2. VALUE OF TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT (GDP), USD, NIGERIA, 2017 – 2022
  1. Figure 15:  
  2. TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT (GDP), SHARE % OF GDP, NIGERIA, 2022
  1. Figure 16:  
  2. VALUE OF EXPORTS, USD, NIGERIA, 2017 - 2022
  1. Figure 17:  
  2. VALUE OF IMPORTS, USD, NIGERIA, 2017 - 2022
  1. Figure 18:  
  2. FUEL PRICE BY TYPE OF FUEL, USD/LITER, NIGERIA, 2017 - 2022
  1. Figure 19:  
  2. RANK OF LOGISTICS PERFORMANCE, RANK, NIGERIA, 2010 - 2023
  1. Figure 20:  
  2. LENGTH OF ROADS, KM, NIGERIA, 2017 - 2022
  1. Figure 21:  
  2. SHARE OF ROAD LENGTH BY SURFACE CATEGORY, %, NIGERIA, 2022
  1. Figure 22:  
  2. SHARE OF ROAD LENGTH BY ROAD CLASSIFICATION, %, NIGERIA, 2022
  1. Figure 23:  
  2. RAIL LENGTH, KM, NIGERIA, 2017 - 2022
  1. Figure 24:  
  2. CONTAINERS HANDLED AT MAJOR PORTS, TWENTY-FOOT EQUIVALENT UNITS (TEUS), NIGERIA, 2022
  1. Figure 25:  
  2. CARGO WEIGHT HANDLED AT MAJOR AIRPORTS, TONS, NIGERIA, 2022
  1. Figure 26:  
  2. VOLUME OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, NIGERIA, 2017 - 2030
  1. Figure 27:  
  2. VALUE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 28:  
  2. VOLUME OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY DESTINATION, NUMBER OF PARCELS, NIGERIA 2017 - 2030
  1. Figure 29:  
  2. VALUE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY DESTINATION, USD, NIGERIA 2017 - 2030
  1. Figure 30:  
  2. VALUE SHARE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY DESTINATION, %, NIGERIA, 2017 - 2030
  1. Figure 31:  
  2. VOLUME SHARE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY DESTINATION, %, NIGERIA, 2017 - 2030
  1. Figure 32:  
  2. VOLUME OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, NIGERIA, 2017 - 2030
  1. Figure 33:  
  2. VALUE OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 34:  
  2. VALUE SHARE OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2030
  1. Figure 35:  
  2. VOLUME OF INTERNATIONAL COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, NIGERIA, 2017 - 2030
  1. Figure 36:  
  2. VALUE OF INTERNATIONAL COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 37:  
  2. VALUE SHARE OF INTERNATIONAL COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2030
  1. Figure 38:  
  2. VOLUME OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY SPEED OF DELIVERY, NUMBER OF PARCELS, NIGERIA 2017 - 2030
  1. Figure 39:  
  2. VALUE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY SPEED OF DELIVERY, USD, NIGERIA 2017 - 2030
  1. Figure 40:  
  2. VALUE SHARE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY SPEED OF DELIVERY, %, NIGERIA, 2017 - 2030
  1. Figure 41:  
  2. VOLUME SHARE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY SPEED OF DELIVERY, %, NIGERIA, 2017 - 2030
  1. Figure 42:  
  2. VOLUME OF EXPRESS COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, NIGERIA, 2017 - 2030
  1. Figure 43:  
  2. VALUE OF EXPRESS COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 44:  
  2. VALUE SHARE OF EXPRESS COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2030
  1. Figure 45:  
  2. VOLUME OF NON-EXPRESS COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, NIGERIA, 2017 - 2030
  1. Figure 46:  
  2. VALUE OF NON-EXPRESS COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 47:  
  2. VALUE SHARE OF NON-EXPRESS COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2030
  1. Figure 48:  
  2. VOLUME OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY MODEL, NUMBER OF PARCELS, NIGERIA 2017 - 2030
  1. Figure 49:  
  2. VALUE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY MODEL, USD, NIGERIA 2017 - 2030
  1. Figure 50:  
  2. VALUE SHARE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY MODEL, %, NIGERIA, 2017 - 2030
  1. Figure 51:  
  2. VOLUME SHARE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY MODEL, %, NIGERIA, 2017 - 2030
  1. Figure 52:  
  2. VOLUME OF BUSINESS-TO-BUSINESS (B2B) COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, NIGERIA, 2017 - 2030
  1. Figure 53:  
  2. VALUE OF BUSINESS-TO-BUSINESS (B2B) COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 54:  
  2. VALUE SHARE OF BUSINESS-TO-BUSINESS (B2B) COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2030
  1. Figure 55:  
  2. VOLUME OF BUSINESS-TO-CONSUMER (B2C) COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, NIGERIA, 2017 - 2030
  1. Figure 56:  
  2. VALUE OF BUSINESS-TO-CONSUMER (B2C) COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 57:  
  2. VALUE SHARE OF BUSINESS-TO-CONSUMER (B2C) COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2030
  1. Figure 58:  
  2. VOLUME OF CONSUMER-TO-CONSUMER (C2C) COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, NIGERIA, 2017 - 2030
  1. Figure 59:  
  2. VALUE OF CONSUMER-TO-CONSUMER (C2C) COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 60:  
  2. VALUE SHARE OF CONSUMER-TO-CONSUMER (C2C) COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2030
  1. Figure 61:  
  2. VOLUME OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY SHIPMENT WEIGHT, NUMBER OF PARCELS, NIGERIA 2017 - 2030
  1. Figure 62:  
  2. VALUE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY SHIPMENT WEIGHT, USD, NIGERIA 2017 - 2030
  1. Figure 63:  
  2. VALUE SHARE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY SHIPMENT WEIGHT, %, NIGERIA, 2017 - 2030
  1. Figure 64:  
  2. VOLUME SHARE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY SHIPMENT WEIGHT, %, NIGERIA, 2017 - 2030
  1. Figure 65:  
  2. VOLUME OF HEAVY WEIGHT SHIPMENTS COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, NIGERIA, 2017 - 2030
  1. Figure 66:  
  2. VALUE OF HEAVY WEIGHT SHIPMENTS COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 67:  
  2. VALUE SHARE OF HEAVY WEIGHT SHIPMENTS COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2030
  1. Figure 68:  
  2. VOLUME OF LIGHT WEIGHT SHIPMENTS COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, NIGERIA, 2017 - 2030
  1. Figure 69:  
  2. VALUE OF LIGHT WEIGHT SHIPMENTS COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 70:  
  2. VALUE SHARE OF LIGHT WEIGHT SHIPMENTS COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2030
  1. Figure 71:  
  2. VOLUME OF MEDIUM WEIGHT SHIPMENTS COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, NIGERIA, 2017 - 2030
  1. Figure 72:  
  2. VALUE OF MEDIUM WEIGHT SHIPMENTS COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 73:  
  2. VALUE SHARE OF MEDIUM WEIGHT SHIPMENTS COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2030
  1. Figure 74:  
  2. VOLUME OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY MODE OF TRANSPORT, NUMBER OF PARCELS, NIGERIA 2017 - 2030
  1. Figure 75:  
  2. VALUE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY MODE OF TRANSPORT, USD, NIGERIA 2017 - 2030
  1. Figure 76:  
  2. VALUE SHARE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY MODE OF TRANSPORT, %, NIGERIA, 2017 - 2030
  1. Figure 77:  
  2. VOLUME SHARE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY MODE OF TRANSPORT, %, NIGERIA, 2017 - 2030
  1. Figure 78:  
  2. VOLUME OF AIR COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, NIGERIA, 2017 - 2030
  1. Figure 79:  
  2. VALUE OF AIR COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 80:  
  2. VALUE SHARE OF AIR COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2030
  1. Figure 81:  
  2. VOLUME OF ROAD COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, NIGERIA, 2017 - 2030
  1. Figure 82:  
  2. VALUE OF ROAD COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 83:  
  2. VALUE SHARE OF ROAD COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2030
  1. Figure 84:  
  2. VOLUME OF OTHERS COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, NIGERIA, 2017 - 2030
  1. Figure 85:  
  2. VALUE OF OTHERS COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 86:  
  2. VALUE SHARE OF OTHERS COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2030
  1. Figure 87:  
  2. VOLUME OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, NUMBER OF PARCELS, NIGERIA 2017 - 2030
  1. Figure 88:  
  2. VALUE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, USD, NIGERIA 2017 - 2030
  1. Figure 89:  
  2. VALUE SHARE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, NIGERIA, 2017 - 2030
  1. Figure 90:  
  2. VOLUME SHARE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, NIGERIA, 2017 - 2030
  1. Figure 91:  
  2. VOLUME OF E-COMMERCE COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, NIGERIA, 2017 - 2030
  1. Figure 92:  
  2. VALUE OF E-COMMERCE COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 93:  
  2. VALUE SHARE OF E-COMMERCE COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY DESTINATION, %, NIGERIA, 2022 VS 2030
  1. Figure 94:  
  2. VOLUME OF FINANCIAL SERVICES (BFSI) COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, NIGERIA, 2017 - 2030
  1. Figure 95:  
  2. VALUE OF FINANCIAL SERVICES (BFSI) COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 96:  
  2. VALUE SHARE OF FINANCIAL SERVICES (BFSI) COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY DESTINATION, %, NIGERIA, 2022 VS 2030
  1. Figure 97:  
  2. VOLUME OF HEALTHCARE COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, NIGERIA, 2017 - 2030
  1. Figure 98:  
  2. VALUE OF HEALTHCARE COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 99:  
  2. VALUE SHARE OF HEALTHCARE COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY DESTINATION, %, NIGERIA, 2022 VS 2030
  1. Figure 100:  
  2. VOLUME OF MANUFACTURING COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, NIGERIA, 2017 - 2030
  1. Figure 101:  
  2. VALUE OF MANUFACTURING COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 102:  
  2. VALUE SHARE OF MANUFACTURING COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY DESTINATION, %, NIGERIA, 2022 VS 2030
  1. Figure 103:  
  2. VOLUME OF PRIMARY INDUSTRY COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, NIGERIA, 2017 - 2030
  1. Figure 104:  
  2. VALUE OF PRIMARY INDUSTRY COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 105:  
  2. VALUE SHARE OF PRIMARY INDUSTRY COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY DESTINATION, %, NIGERIA, 2022 VS 2030
  1. Figure 106:  
  2. VOLUME OF WHOLESALE AND RETAIL TRADE (OFFLINE) COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, NIGERIA, 2017 - 2030
  1. Figure 107:  
  2. VALUE OF WHOLESALE AND RETAIL TRADE (OFFLINE) COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 108:  
  2. VALUE SHARE OF WHOLESALE AND RETAIL TRADE (OFFLINE) COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY DESTINATION, %, NIGERIA, 2022 VS 2030
  1. Figure 109:  
  2. VOLUME OF OTHERS COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, NIGERIA, 2017 - 2030
  1. Figure 110:  
  2. VALUE OF OTHERS COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 111:  
  2. VALUE SHARE OF OTHERS COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY DESTINATION, %, NIGERIA, 2022 VS 2030
  1. Figure 112:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, NIGERIA, 2017 - 2023
  1. Figure 113:  
  2. MOST ADOPTED STRATEGIES, COUNT, NIGERIA, 2017 - 2023
  1. Figure 114:  
  2. VALUE SHARE OF MAJOR PLAYERS, %, NIGERIA

Nigeria Courier, Express, and Parcel (CEP) Industry Segmentation

Domestic, International are covered as segments by Destination. Express, Non-Express are covered as segments by Speed Of Delivery. Business-to-Business (B2B), Business-to-Consumer (B2C), Consumer-to-Consumer (C2C) are covered as segments by Model. Heavy Weight Shipments, Light Weight Shipments, Medium Weight Shipments are covered as segments by Shipment Weight. Air, Road, Others are covered as segments by Mode Of Transport. E-Commerce, Financial Services (BFSI), Healthcare, Manufacturing, Primary Industry, Wholesale and Retail Trade (Offline), Others are covered as segments by End User Industry.
Destination Domestic
International
Speed Of Delivery Express
Non-Express
Model Business-to-Business (B2B)
Business-to-Consumer (B2C)
Consumer-to-Consumer (C2C)
Shipment Weight Heavy Weight Shipments
Light Weight Shipments
Medium Weight Shipments
Mode Of Transport Air
Road
Others
End User Industry E-Commerce
Financial Services (BFSI)
Healthcare
Manufacturing
Primary Industry
Wholesale and Retail Trade (Offline)
Others
Destination
Domestic
International
Speed Of Delivery
Express
Non-Express
Model
Business-to-Business (B2B)
Business-to-Consumer (B2C)
Consumer-to-Consumer (C2C)
Shipment Weight
Heavy Weight Shipments
Light Weight Shipments
Medium Weight Shipments
Mode Of Transport
Air
Road
Others
End User Industry
E-Commerce
Financial Services (BFSI)
Healthcare
Manufacturing
Primary Industry
Wholesale and Retail Trade (Offline)
Others
Need A Different Region or Segment?
Customize Now

Market Definition

  • Courier, Express, and Parcel - The Courier, Express, and Parcel services, often called as CEP Market, refers to the logistics and postal service providers which specialize in moving small goods (parcels/packages). It captures the overall market size (USD) and market volume (number of parcels) of (1) the shipments/parcels/packages which are under 70kgs/ 154lbs weight, (2) Business Customer packages viz. Business-to-Business (B2B) & Business-to-Consumer (B2C) as well as private customer packages (C2C), (3) non-express parcel delivery services (Standard and Deferred) as well as express parcel delivery services (Day-Definite-Express and Time-Definite-Express), (4) domestic as well as international shipments.
  • Demographics - To analyse total addressable market demand, population growth & forecasts have been studied and presented in this industry trend. It represents population distribution across categories like gender (male/female), development area (urban/rural), major cities among other key parameters like population density and final consumption expenditure (growth and share % of GDP). This data has been used for assessing the fluctations in demand & consumption expenditure, and the major hotspots (cities) of potential demand.
  • Domestic Courier Market - Domestic Courier Market refers to the CEP shipments wherein the origin and destination is within the boundary of the geography studied (country or region as per the scope of report). It captures the market size (USD) and market volume (number of parcels) of (1) the shipments/parcels/packages which are under 70kgs/ 154lbs weight, including light weight shipments, medium weight shipments and heavy weight shipments (2) Business Customer packages viz. Business-to-Business (B2B) & Business-to-Consumer (B2C) as well as private customer packages (C2C), (3) non-express parcel delivery services (Standard and Deferred) as well as express parcel delivery services (Day-Definite-Express and Time-Definite-Express).
  • E-Commerce - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the e-tailers, through online sales channel, on Courier, Express, and Parcel (CEP) services. The scope includes (i) the supply chain of a company's online customer orders being fulfilled, (ii) the process of getting a product from the point of manufacturing to the point at which it is delivered to consumers. It involves managing inventory (deferred as well as time critical), shipping, and distribution.
  • Export Trends and Import Trends - Overall logistics performance of an economy is positively and significantly (statistically) correlated to its trade performance (exports and imports). Hence, in this industry trend, total value of trade, major commodities/ commodity groups and the major trade partners, for the studied geography (country or region as per the scope of report) have been analysed alongside the impact of major trade/logistics infrastructure investments & regulatory environment.
  • Financial Services (BFSI) - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the BFSI players, on Courier, Express, and Parcel (CEP) services. CEP is important to the financial services industry in shipping of confidential documents and files. The establishments in this sector are engaged in (i) financial transactions (that is, transactions involving the creation, liquidation, or change in ownership of financial assets) or in facilitating financial transactions, (ii) financial intermediation, (iii) the pooling of risk by underwriting annuities and insurance, (iv) providing specialized services that facilitate or support financial intermediation, insurance and employee benefit programs, and (v) monetary control - the monetary authorities.
  • Fuel Price - Fuel price spikes can cause delays and diruption for logistics service providers (LSPs), while drops in the same can result in higher short-term profitability and increased market rivalry to offer consumers with the best deals. Hence, the fuel price variations have been studied over the review period and presented along with the causes as well as market impacts.
  • GDP Distribution by Economic Activity - Nominal Gross Domestic Product and distribution of the same, across major economic sectors in the geography studied (country or region as per scope of the report) have been studied and presented in this industry trend. As GDP is positively related to the profitability and growth of logistics industry, this data has been used in adjunction to the input-output tables/ supply-use tables for analyzing the potential major contributing sectors towards the logistics demand.
  • GDP Growth by Economic Activity - Growth of Nominal Gross Domestic Product across major economic sectors, for the geography studied (country or region as per scope of the report) have been presented in this industry trend. This data has been utilized for assessing the growth of logistics demand from all the market end users (economic sectors considered here).
  • Healthcare - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the Healthcare players (Hospitals, clinics, mrdical centres) , on Courier, Express, and Parcel (CEP) services. The scope includes CEP services involved in the defrerred as well time critical movement of medical goods & supplies (surgical supplies and instruments, including gloves, masks, syringes, equipment). The establishments in this sector (i) include the ones providing medical care exclusively (ii) deliver services by trained professionals (iii) involve processes, including labor inputs of health practitioners with the requisite expertise (iv) are defined based on the educational degree held by the practitioners included in the industry.
  • Inflation - Variations in both Wholesale Price Inflation (YoY change in producer price index) and Consumer Price Inflation have been presented in this industry trend. This data has been used to assess the inflationary environment as it plays a vital role in smooth functioning of the supply chain, directly impacting the logistics operational cost components e.g., pricing of tyres, driver wages & benefits, energy/fuel prices, maintenace costs, toll charges, warehousing rents, custom brokerage, forwarding rates, courier rates etc. hence impacting the overall freight and logistics market.
  • Infrastructure - As infrastructure plays a vital role in an economy's logistics performance, variables like length of roads, distribution of road length by surface category (paved v/s unpaved), distribution of road length by road classification (expressways v/s highways v/s other roads), rail length, volume of containers handled by major ports and tonnage handled by major airports have been analysed and presented in this industry trend.
  • International Express Service Market - International Express Service Market refers to the CEP shipments wherein the origin or destination is not within the boundary of the geography studied (country or region as per the scope of report). It captures the market size (USD) and market volume (number of parcels) of (1) the shipments/parcels/packages which are under 70kgs/ 154lbs weight, including light weight shipments, medium weight shipments and heavy weight shipments (ii) Inter-Region as well as Intra-Region Shipments
  • Key Industry Trends - The report section named "Key Industry Trends" include all the key variables/parameters studied to better analyze the market size estimates and forecasts. All the trends have been presented in the form of data points (time series or latest available data points) along with analysis of the paramter in the form of concise market relevant commentary, for the geography studied (country or region as per the scope of report).
  • Key Strategic Moves - The action taken by a company to differentiate from its competitor or used as a general strategy is referred to as a key strategic move (KSM). This includes (1) Agreements (2) Expansions (3) Financial Restructuring (4) Mergers and Acquisitions (5) Partnerships, and (6) Product Innovations. Key players (Logistics Service Providers, LSPs) in the market have been shortlisted, their KSM have been studied and presented in this section.
  • Logistics Performance - Logistics Performance and Logistics Costs are the backbone of trade, and influences trade costs, making countries compete globally. Logistics performance is influenced by market wide adopted supply chain management strategies, government services, investments & policies, fuel/ energy costs, inflationary environment etc. Hence, in this industry trend, the logistics performance of the geography studied (country/ region as per the scope of report) has been analysed and presented over the review period.
  • Manufacturing - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the Manufacturing industry (including Hi-Tech/Technology) players, on Courier, Express, and Parcel (CEP) services. The end user players considered are the establishments primarily engaged in the chemical, mechanical or physical transformation of materials or substances into new products. Logistics Service Providers (LSPs) play a crucial role in maintaining a smooth flow of raw materials across the supply chain, enabling timely delivery of finished goods to distributors or end customers and storing & supplying the raw materials to clients for just-in-time manufacturing.
  • Other End Users - Other end user segment captures the external (outsourced) logistics expenditure incurred by the construction, real estate, educational services, and professional services (administrative, waste management, legal, architectural, engineering, design, consulting, scientific R&D), on Courier, Express, and Parcel (CEP) services. Logistics Service Providers (LSPs) plays a crucial role in the reliable movement of time critical supplies and documents to/from these industries such as transporting any equipment or resources required, shipping confidential documents and files.
  • Primary Industry - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the AFF (Agriculture, Fishing, and Forestry) and Extraction indsutry (Oil &Gas, Quarrying and Mining) players, on Courier, Express, and Parcel (CEP) services. The end user players considered are the establishments (i) primarily engaged in growing crops, raising animals, harvesting timber, harvesting fish & other animals from their natural habitats and providing related support activities; (ii) that extract naturally occurring mineral solids, such as coal and ores; liquid minerals, such as crude petroleum; and gases, such as natural gas. Herein, Logistics Service Providers (LSPs) (i) play a crucial role in acquisition, storage, handling, transportation, and distribution activities for the optimal & continuous flow of inputs (seeds, pesticides, fertilizers, equipment, and water) from manufacturers or suppliers to the producers and smooth flow of output (produce, agro-goods) to distributors/ consumers; (ii) cover entire phases from upstream to downstream and play a crucial role in the transportation of machinery, drilling equipments, extracted minerals, crude oil & natural gas and refined/ processed products from one place to another. This includes both termperature controlled and non-temperature controlled logistics, as and when required according to the shelf life of goods being transported or stored.
  • Producer Price Inflation - It indicates inflation from viewpoint of the producers viz. the average selling price received for their output over a period of time. Annual change (YoY) of producer price index is reported as wholesale price inflation in the "Inflation" industry trend. As WPI captures dynamic price movements in most comprehensive way, it is widely used by governments, banks, industry, business circles and is deemed important in formulation of trade, fiscal and other economic policies. The data has been used in adjunction to consumer price inflation for better understanding the inflationary environment.
  • Segmental Revenue - Segmental Revenue has been triangulated or computed and presented for all the major players in the market. It refers to the courier, express, and parcel (CEP) market specific revenue earned by the company, over the base year of study, in the geography studied (country or region as per the scope of report). It is computed through the study and analysis of major parameters like financials, service portfolio, employee strength, fleet size, investments, number of countries present in, major economies of concern, etc. that have been reported by the company in its annual reports, webpage. For companies having scarce financial disclosures, paid databases like D&B Hoovers, Dow Jones Factiva have been resorted to and verified through industry/expert interactions.
  • Transport and Storage Sector GDP - Value and growth of Transport and Storage Sector GDP has a direct relation to the freight and logistics market size. Hence, this variable has been studied and presented over the review period, in value terms (USD) and as share % of total GDP, in this industry trend. The data has been supported by concise and relevant commentary around the investments, developments, and current market scenario.
  • Trends in E-Commerce Industry - Enhanced internet connectivity and boom in smartphone penetration, coupled with increasing disposable incomes, has led to a phenomenal growth in the e-commerce market globally. Online shoppers require fast and efficient delivery of their orders leading to an increase in the demand for logistics services especially e-commerce fulfilment services. Hence, the Gross Merchandise Value (GMV), historial and projected growth, breakup of major commodity groups in e-commerce industry for the studied geography (country or region as per scope of the report) have been analysed and presented in this industry trend.
  • Trends in Manufacturing Industry - Manufacturing industry involves the transformation of raw materials into finished products, while logistics industry ensures the efficient flow of raw materials to the factory, and the transport of manufactured products to the distributors & consumers. Demand-Supply of both industries are highly cross-linked and critical for a seamless supply chain. Hence, the Gross Value Added (GVA), breakup of GVA into major manufacturing sectors, and growth of manufacturing industry over the review period have been analysed and presented, in this industry trend.
  • Wholesale and Retail Trade (Offline) - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the wholesalers and retailers, through offline sales channel, on Courier, Express, and Parcel (CEP) services. The end user players considered are the establishments primarily engaged in wholesaling or retailing merchandise, generally without transformation, and rendering services incidental to the sale of merchandise. Logistics Service Providers (LSPs) plays a crucial role in the reliable movement of supplies to and finished products from production houses to the distributors and finally to the end customer covering activites like material sourcing, transportation, order fulfillment, warehousing & storage, demand forecasting, inventory management etc.
Keyword Definition
Axle Load The axle load refers to the total load (weight) bearing on the roadway through wheels connected to a given axle. Across the globe, there are systems in place to ensure axle load monitoring, wherein surpassing the defined limits set by the concerned regulatory authority can lead to penalty/fine. For transportation of goods via road this can be an important determinant of costs as knowledge about the axle load limits can be used to (i) load the vehicle optimally for maximizing profits (ii) avoid exceeding the same and hence the probable fines associated (iii) avoid wear and tear of the vehicle (iv) avoid damage to pavement resulting in noticeable public maintenance and repair costs (v) achieve better turnaround time.
Back Haul Backhaul is the return movement of a transport vehicle from its original destination to its original point of departure, and can include full, partial, or empty truck loads (all or part of the way) depending on the visibility of the local freight ecosystem. In this regard, transportation of empty containers to the point of origin, known as deadheading is also a significant factor, considering the supply/container shortages across the geographies, resulting in cost escalation and under optimized profit potential attainment. Generally, the carriers offer discounts on the backhaul, to secure freight for the trip.
Bill of Lading (BOL) A bill of lading is a legal contract document issued by a carrier to a shipper to acknowledge reception of their cargo, and is evidence for the contract of carriage between the two parties. Broadly it details the (i) type, quantity, and other specifications of the goods being carried (ii) destination, and terms & conditions of the shipment (iii) carrier and drivers with all the necessary information to process the shipment, which can be used for insurance and customs clearance purposes (iv) assurance that the consignment is damage-free and ready to be shipped to the consignee. In this regard, a house bill of lading (HBL) is a document issued by a freight forwarder or a non-vessel operating common carrier (NVOCC) to acknowledge receipt of items for shipment (to a shipper). If shipments from several shippers are involved a master bill of lading (MBL) might be involved which is a consolidated version of the same for all the shipments being taken care of by the carrier (to a common destination) and might be issued by the carrier to the freight forwarder or the shipper (depending on who books the transport).
Bunkering Bunkering is the process of supplying fuel to power the propulsion system of a ship. It includes the logistics of loading and distributing the fuel among available shipboard tanks. In this regard, (i) Bunker fuel is technically any type of fuel oil used aboard ships. It gets its name from the containers on ships and in ports that it is stored in; in the days of steam they were coal bunkers but now they are bunker-fuel tanks, (ii) Bunker refers to the spaces (Tank) on board a vessel to store fuel, (iii) Bunker trader refers to a person dealing in trade of bunker (fuel), (iv) Bunker call is made when a cargo ship anchors or berths in a port to take on bunker oil or supplies, (v) Bunkering service is the supply of a requested quality and quantity of bunkers to a ship. Bunkering is signficant from point of view of freight rates applicable to the shipper as Bunker Contribution (BUC)/ Fuel Adjustment Factor (FAF)/ Bunker Adjustment Factor (BAF) are applied by shipping lines to offset the effect of fluctuations in the cost of bunkers.
Cabotage Transport by a vehicle registered in a country, performed on the national territory of another country. Cabotage law may restrict domestic cargo traffic to be carried in its own nationally registered, and sometimes built and crewed vehicles, though regulations vary across industries/commodity groups/countries and sometimes specify maximum allowable percentage of cabotage that can be serviced by foreign registered fleet.
C-commerce Collaborative commerce (also known as C-commerce), (i) describes electronically enabled business interactions among an enterprise’s internal personnel, business partners and customers throughout a trading community (industry, industry segment, supply chain or supply chain segment); (ii) is the optimization of supply and distribution channels to capitalize on the global economy by using new technology efficiently. Advantages of C-commerce, to detail few include (i) maximization of organization's efficiency and profitability (ii) technology integration with physical channels to allow companies to work together (iii) increased information exchange such as inventory and product specifications, using the web as an intermediary (iv) increased competitiveness by reaching a broader audience. Examples of C-commerce, also known as peer-to-peer commerce, include (i) companies that allow consumers to rent things from each other, or marketplaces, such as Meta (formerly Facebook) Marketplace, that allow the sale of used goods; (ii) DoorDash teamed up with many national brands, such as McDonald’s and Chipotle, to offer fast food delivery, building their business model on c-commerce. They have since expanded their delivery service from restaurants to retailers and even offer 'fleets' of drivers to businesses.
Courier A business/company that delivers packages/parcels/shipments (upto 70 kgs) including quick door to door pickup and delivery service for goods or documents, domestically or internationally, on a commercial contract basis. Example, DHL Group, FedEx, United Parcel Service of America, Inc., USPS, International Distributions Services, J&T Express, SF Express among several others
Cross docking Cross docking is a practice in logistics management that includes unloading incoming delivery vehicles and loading the materials directly into outbound delivery vehicles, omitting traditional warehouse logistical practices and saving time and money. It requires close synchronization of both inbound and outbound movements. It is highly significant in reduction of costs pertaining to warehousing & storage (and the associated Value Added Services).
Cross Trade International transport between two different countries performed by a vehicle registered in a third country. A third country is a country other than the country of loading/embarkation and the country of unloading/disembarkation. Cross Trade law may restrict international cargo traffic to be carried by respective country's registered vehicles, and sometimes built and crewed vehicles, though regulations vary across industries/commodity groups/countries and sometimes specify maximum allowable percentage of cross trade that can be serviced by foreign registered fleet.
Customs Clearance The process of declaring and clearing cargoes through customs. It includes the procedures involved in getting cargo released by Customs through designated formalities such as presenting import license/permit, payment of import duties and other required documentations by the nature of the cargo. In this regard, a customs broker is a person or company licensed by the respective department of the country to act on behalf of freight importers and exporters.
Dangerous Goods Dangerous goods (or hazardous materials or HAZMAT) include flammable liquids/solids, gases (compressed, liquified, dissolved under pressure), corrosives, oxidising substances, explosive substances and articles, substances which on contact with water emit flammable gasses, organic peroxides, toxic substances, infectious substances, radioactive materials, miscellaneous dangerous goods and articles.
First mile Delivery First mile delivery refers to the (i) first stage of the freight/shipment/cargo/courier transportation (ii) the transportation of goods from a merchant’s premises or warehouse to the next fulfillment centre/warehouse/hub from where the goods are forwarded (iii) shipping goods from local distribution centers to stores (For retailers) (iv) transportation of finished goods from a plant or a factory to a distribution center (For manufacturers), (v) pick up of goods from the end-customer’s home or store followed by movement to a warehouse or storage location (movers and packers), (vi) process where goods are picked up from a retailer and then transferred to third-party logistics providers or courier service providers to be delivered to the end-consumer (e-commerce). Once the package reaches the next warehouse or the courier’s hub, it is then sorted and transported further until it reaches the customer’s doorstep. Example, if one chooses UPS as a courier, first-mile delivery will be the product being delivered from manufacturer's/retailer's warehouse to the UPS’s warehouse/ fulfilment centre.
Last Mile Delivery Last mile delivery refers to the very last step of the delivery process when a parcel is moved from a transportation hub (warehouse or a distribution center or fulfillment centre) to its final destination, which usually is a personal residence/retail store/ business, or parcel locker. It accounts for around half of the total cost involved in entire process of first mile, middle mile, and last mile delivery, though it can vary shipment to shipment, based on commodity, business model and similar factors.
Milkrun A Milk Run is a delivery method used to transport mixed loads from various suppliers to one customer, using lean management principles applied to logistics. Instead of each supplier sending a truck every week to meet the needs of one customer, one truck (or vehicle) visits the suppliers to pick up the loads for that customer. This method of transport got its name from the dairy industry practice, where one tanker used to collect milk from several dairy farms for delivery to a milk processing company. A milk run can be a more efficient way to handle logistics but require proper planning. If the route involves products from different companies, there is need for an agreement about cost-sharing and other aspects of the cooperative delivery arrangement. Once the group settles these issues, this delivery method can save time and money for everyone by pooling operation costs and resources.
Multi country consolidation ​​Multi-Country Consolidation (MCC) is a cost-effective solution that consolidates one's cargo from different countries of origin to build Full Container Loads (FCL). MCC is most suitable for companies that import light volumes of goods from multiple countries but want to take advantage o​​f the more economic FCL freight rates. Apart from costing some of the other advantages include (i) flexibility to choose suppliers from a wider range of origin countries without worrying about the logistics to final destination from each origin, (ii) ability to pick the most suitable suppliers from many different countries for one's business operations. The increase in one's sourcing options by MCC provides the kind of flexibility needed in competitive global markets.
Q-commerce Q-commerce, also referred to as quick commerce, is a type of e-commerce where emphasis is on quick deliveries, typically in less than an hour. The companies providing Q-Commerce services might have vertically intergrated model or might be using third party delivery platforms (outsourced logistics). It has advantages like (i) competitve USP, (ii) potential to earn greater profit margins, (iii) better customer experience, (iv) guaranteed availability of products, (v) traceability, and (vi) scaleability.
ReverseLogistics Reverse logistics is a type of supply chain management that moves goods from customers back to the sellers or manufacturers and may involve ciruclar economy principles (3Rs) viz. recycling, reuse (repurposing, reselling), reducing or repairing. In this regard, reverse commerce (or Recommerce) is the selling of previously owned items through physical or online marketplaces/distribution channels to buyers who reuse, recycle or resell them.
Need More Details on Market Definition?
Ask a Question

Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is considered to be a part of the pricing, and the average selling price (ASP) is varying throughout the forecast period for each country
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
research-methodology
Get More Details On Research Methodology
Download PDF
WHY BUY FROM US?
card-img
01. Crisp, insightful analysis
Our focus is NOT on word count. We present only the key trends impacting the market so you don’t waste time finding a needle in the haystack.
card-img
02. True Bottom-Up Approach
We study the industry, not just the market. Our bottom-up approach ensures we have a broad and deep understanding of the forces that shape the industry.
card-img
03. Exhaustive Data
Tracking a million data points on the extended-preview-new-e industry. Our constant market tracking covers over 1 million+ data points spanning 45 countries and over 150 companies just for the extended-preview-new-e industry.
card-img
04. Transparency
Know where your data comes from. Most market reports today hide the sources used behind the veil of a proprietary model. We proudly present them so you can trust our information.
card-img
05. Convenience
Tables belong in spreadsheets. Like you, we also believe that spreadsheets are better suited for data evaluation. We don't clutter our reports with data tables. We provide an excel document with each report that contains all the data used to analyze the market.

Nigeria Courier, Express, and Parcel (CEP) Market Research FAQs

How big is the Nigeria Courier, Express, and Parcel (CEP) Market?

The Nigeria Courier, Express, and Parcel (CEP) Market size is expected to reach USD 129.77 million in 2025 and grow at a CAGR of 7.56% to reach USD 186.81 million by 2030.

What is the current Nigeria Courier, Express, and Parcel (CEP) Market size?

In 2025, the Nigeria Courier, Express, and Parcel (CEP) Market size is expected to reach USD 129.77 million.

Who are the key players in Nigeria Courier, Express, and Parcel (CEP) Market?

DHL Group, Nipost, Red Star Express PLC, Rowsy International Ltd. and United Parcel Service of America, Inc. (UPS) are the major companies operating in the Nigeria Courier, Express, and Parcel (CEP) Market.

Which segment has the biggest share in the Nigeria Courier, Express, and Parcel (CEP) Market?

In the Nigeria Courier, Express, and Parcel (CEP) Market, the Domestic segment accounts for the largest share by destination.

Which is the fastest growing segment in the Nigeria Courier, Express, and Parcel (CEP) Market?

In 2025, the International segment accounts for the fastest growing by destination in the Nigeria Courier, Express, and Parcel (CEP) Market.

What years does this Nigeria Courier, Express, and Parcel (CEP) Market cover, and what was the market size in 2025?

In 2025, the Nigeria Courier, Express, and Parcel (CEP) Market size was estimated at 129.77 million. The report covers the Nigeria Courier, Express, and Parcel (CEP) Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Nigeria Courier, Express, and Parcel (CEP) Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Our Best Selling Reports

Access Report