Nigeria Freight and Logistics Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

The Nigeria Freight and Logistics Market is segmented by End User Industry (Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others) and by Logistics Function (Courier, Express, and Parcel (CEP), Freight Forwarding, Freight Transport, Warehousing and Storage). Market Value (USD) and Market Volume (ton-km, number of parcels, warehousing & storage space in square feet) are both presented. Key Data Points observed include Freight Transport Volume (ton-km) by Mode of Transport; Production Trends (Manufacturing, E-Commerce etc. in USD); Import and Export trends (in USD); and Freight Pricing Trends (USD per ton-km).

Nigeria Freight and Logistics Market Size

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Nigeria Freight and Logistics Market Summary
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Icons Lable Value
https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2030
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 10.2 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2030) USD 15.05 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Logistics Function Freight Transport
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2030) 6.70 %
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by Logistics Function Courier, Express, and Parcel (CEP)

Major Players

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*Disclaimer: Major Players sorted in alphabetical order.

Key Players

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Nigeria Freight and Logistics Market Analysis

The Nigeria Freight and Logistics Market size is estimated at 10.2 billion USD in 2024, and is expected to reach 15.05 billion USD by 2030, growing at a CAGR of 6.70% during the forecast period (2024-2030).

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10.2 Billion

Market Size in 2024 (USD)

15.05 Billion

Market Size in 2030 (USD)

5.50 %

CAGR (2017-2023)

6.70 %

CAGR (2024-2030)

Fastest Growing Market by Mode of Transport

7.35 %

Projected CAGR, Sea and Inland Waterways, 2024-2030

Nigeria has significant and diverse marine resources, with a coastline of 852 kilometers bordering the Atlantic Ocean in the Gulf of Guinea and a maritime area of 46,000 km.

Largest CEP Market by Destination

64.58 %

value share, Domestic, 2023

The domestic segment witnessed growth fueled by the e-commerce industry growth. The e-commerce industry is expected to grow with a CAGR of 10.79% during the period 2023-2027.

Largest Market by End User Industry

39.02 %

value share, Manufacturing, 2023

The manufacturing end-user segment experienced growth in 2023 supported by the rise in the manufacturing industry. Investments in Nigeria’s production sector rose by 67% in 2023.

Largest Warehousing Market by Temperature Control

91.55 %

value share, Non-Temperature Controlled, 2023

The key growth drivers of the non-temperature-controlled warehousing sector are the increasing investments in the industrial parks in export-promoting zones with the PPP framework.

Fastest Growing Warehousing Market by Temperature Control

6.43 %

Projected CAGR, Temperature Controlled, 2024-2030

The pharmaceutical sector is one of the factors driving demand for the cold storage market. The OTC pharmaceuticals market is expected to grow at a CAGR of 12.46% from 2024 to 2028.

Gradually improving sector demand witnessed owing to marginal reduction in logistics costs

  • As of March 2023, the Nigerian government is enhancing the country's air cargo competitiveness by establishing specialized committees comprising representatives from both public and private sectors. These committees are tasked with the construction and operation of airports equipped with modern cargo infrastructure. Overall, the various shortcomings in Nigeria's air cargo value chain could potentially disadvantage the country in the African Continental Free Trade Area (AfCFTA), an emerging free trade market in Africa. Overall, NGN 1.5 trillion (USD 5 billion) is required to fix the country's air infrastructure.
  • The freight and logistics market has been developing rapidly from 2017 to 2021, and it is led by the volume of the courier, express, and parcel market. As of 2022, as a comparison among logistics startups in Nigeria, Kobo360, a logistics company in Nigeria (Lagos) launched in 2016, had the highest number of employees compared to other logistics companies in the country. The business counted over 260 workers, followed by Eden Life and Sendbox, with 86 and 68 employees, respectively.
  • Nigeria has the largest road network in West Africa and the second largest south of the Sahara, totaling about 194,200 km. Federal roads make up 17.6%, state roads 15.7%, and local and rural roads 66.7% of this network. The Nigerian National Petroleum Company intends to invest USD 4.1 billion in reconstructing 44 highways, which will cover 4,500 km of federal highways. Furthermore, the Federal Executive Council has approved 25-year concessions on nine corridors that connect vital population and economic centers.
Nigeria Freight and Logistics Market

Nigeria Freight and Logistics Market Trends

The transportation sector contribution to nominal GDP dropped to 1.35% in Q2 2023 due to petrol subsidy removal

  • In the second quarter of 2023, the transportation sector's contribution to nominal GDP in Nigeria stood at 1.35%, marking a notable decline from the 2.79% recorded during the same period in 2022 and below the 1.71% recorded in the first quarter of 2023. This decrease in the significance of transportation activities can be primarily attributed to the government's removal of the petrol subsidy, resulting in a considerable hike in pump prices, reaching as high as N640, depending on the state.
  • The transportation and storage sector saw a significant contraction in the second quarter of 2023, with a growth rate of -50.64%. This decline was notably lower than the same quarter in the previous year, dropping by 102.30 percentage points, and it marked a substantial decrease of 60.01 percentage points compared to the previous quarter. The sector's growth rate was -25.00% on a QoQ basis. Regarding its contribution to real GDP for the second quarter of 2023, the transportation and storage sector accounted for 0.89%, showing a decline from 1.84% in the same period the previous year and falling below 1.18% in the first quarter of 2023.
  • The Nigerian logistics industry has grown slowly due to persistent infrastructure challenges. In 2023, the Nigerian e-commerce market generated USD 6.7 billion in revenue. Its revenue is expected to register a 10.79% CAGR between 2023 and 2027, resulting in a market volume of around USD 10.1 billion by 2027 due to infrastructure improvements in railways and roads and enhanced relations with other nations.
Nigeria Freight and Logistics Market

Fuel prices have witnessed a steep rise as fuel subsidies have been terminated, citing budgetary concerns

  • Nigeria has the eighth-lowest gasoline prices in the world. Due to the government's significant subsidies for imported goods, it was ranked eighth in the world index, with the price of gasoline being USD 0.40 per liter or USD 1.82 per gallon in April 2022. As of September 2022, the average price of gasoline in Nigeria was NGN 191.65 (USD 0.46) per liter. Nigeria's average oil production dropped by 14.69% YoY to 1.22 million barrels per day in the second quarter of 2023 from 1.43 bpd recorded in 2022. The cost of fuel imports is rising in response to the recent rises in the price of crude oil in the international market.
  • The price of petrol, arguably Nigeria's most consumed fuel, increased by a whopping 47.18% on a YoY basis between April 2022 and April 2023. Due to its dilapidated local refineries, Nigeria currently imports over 90% of its liquid products. The average retail price paid by consumers for Premium Motor Spirit (PMS) or petrol in April 2023 was NGN 254.06 (USD 0.56), indicating an increase of 47.18% relative to the value recorded in April 2022 of NGN 172.61 (USD 0.385). Since June 2023, Nigeria's fuel subsidies have been terminated, citing budgetary concerns. This led to a steep rise in fuel prices.
  • Nigeria's crude oil production has increased, and the country's oil reserves are estimated to be 36.89 billion barrels, consisting of 31.418 billion barrels of crude oil and 5.476 billion barrels of condensate. Nigeria aims to have a reserve of around 40 billion barrels by 2025. The country's national gas reserve is 203.16 trillion cubic feet (TCF), with a target of 210 TCF by 2025 and 220 TCF by 2030.
Nigeria Freight and Logistics Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Consumer spending boosted to USD 241.88 billion due to tourism and impulsive buying
  • GDP contribution driven by a growing economy, construction projects, and domestic manufacturing volumes
  • The number of online shoppers is expected to reach 122.5 million by 2025 from 76.7 million in 2021
  • Nigeria launches Export774 campaign to boost non-oil exports to diversify economy
  • The cost of operating a haulage business tripled in 2022 due to rising fuel and battery costs
  • Nigeria ranks 88th in LPI investing more USD 1.3 trillion in infrastructure and energy for economic boost
  • Declining oil production and exports significantly impacting capacity in the country
  • Nigeria’s first deep seaport, Lekki, started operations in 2023 and is expected to become a major cargo hub
  • Under the National Development Plan (2021-2025), USD 18.7 billion is budgeted for maritime industry development in Nigeria
  • Nigeria aims to strengthen the agriculture sector under the National Agricultural Technology and Innovation Policy (NATIP), 2022-2027
  • Global inflationary pressures, supply chain disruptions, and high customs tariffs, coupled with high foreign exchange rates, caused prices to rise significantly
  • Manufacturing contributed around 15% to the GDP and grew by 6.93% YoY in 2022
  • Nigeria strives to reduce import reliance under the 100-for-100 Policy on Production and Productivity
  • Nigeria has been heavily dependent on imported commercial vehicles since 2021, with a rising focus on electric vehicles since 2022
  • Nigeria is developing its freight transportation network with a USD 845.8 billion budget under the National Development Plan (2021-25)
  • Nigeria seaport needs major connectivity enhancements as bilateral trade between Nigeria and China has been at an all-time high
  • With rising price of imported petrol, the freight pricing for all modes of transport witnessed a rise in 2022
  • Nigeria ranked 114th Globally in 2022 GII, struggles with inefficient logistics, and insufficient funds for infrastructure upgrades

Nigeria Freight and Logistics Industry Overview

The Nigeria Freight and Logistics Market is fragmented, with the top five companies occupying 14.47%. The major players in this market are A.P. Moller - Maersk, Africa Access 3PL Limited, Bolloré Group, JOF Nigeria Limited and Red Star Express PLC (sorted alphabetically).

Nigeria Freight and Logistics Market Leaders

  1. A.P. Moller - Maersk

  2. Africa Access 3PL Limited

  3. Bolloré Group

  4. JOF Nigeria Limited

  5. Red Star Express PLC

Nigeria Freight and Logistics Market Concentration

Other important companies include AfriGlobal logistics, CMA CGM Group, Fortune Global Shipping and Logistics Limited, GIG Logistics, Gulf Agency Company (GAC), GWX Logistics, Hapag-Lloyd, MDS Logistics.

*Disclaimer: Major Players sorted in alphabetical order.

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Nigeria Freight and Logistics Market News

  • March 2023: Maersk announced an intended divestment of Maersk Supply Service (MSS), a provider of global offshore marine services and project solutions for the energy sector. It took this step to help Maersk Supply Service continue further development of new solutions for the green transition of the offshore sector under new long-term ownership. It also marks the completion of its decision to divest all energy-related activities and focus on truly integrated logistics.
  • November 2022: GIG signed up to purchase two ATR 72-500 freighters as it looks to meet growing e-commerce demand and expand its air freight services in Africa.
  • September 2022: CEVA Logistics expanded its owned and controlled SKYCAPACITY Program and added five more stations to its network of air freight locations certified under the CEIV Lithium Battery Program.

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 and import trends, maritime connectivity Indices, port calls and performance among other key indicators.

Nigeria Freight and Logistics Market
Nigeria Freight and Logistics Market
Nigeria Freight and Logistics Market
Nigeria Freight and Logistics Market
Nigeria Freight and Logistics Market
Nigeria Freight and Logistics Market

Nigeria Freight and Logistics Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. Demographics

    2. 2.2. GDP Distribution By Economic Activity

    3. 2.3. GDP Growth By Economic Activity

    4. 2.4. Inflation

    5. 2.5. Economic Performance And Profile

      1. 2.5.1. Trends in E-Commerce Industry

      2. 2.5.2. Trends in Manufacturing Industry

    6. 2.6. Transport And Storage Sector GDP

    7. 2.7. Export Trends

    8. 2.8. Import Trends

    9. 2.9. Fuel Price

    10. 2.10. Trucking Operational Costs

    11. 2.11. Trucking Fleet Size By Type

    12. 2.12. Logistics Performance

    13. 2.13. Modal Share

    14. 2.14. Maritime Fleet Load Carrying Capacity

    15. 2.15. Liner Shipping Connectivity

    16. 2.16. Port Calls And Performance

    17. 2.17. Freight Pricing Trends

    18. 2.18. Freight Tonnage Trends

    19. 2.19. Infrastructure

    20. 2.20. Regulatory Framework (Road and Rail)

      1. 2.20.1. Nigeria

    21. 2.21. Regulatory Framework (Sea and Air)

      1. 2.21.1. Nigeria

    22. 2.22. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION (includes 1. Market value in USD for all segments 2. Market volume for select segments viz. freight transport, CEP (courier, express, and parcel) and warehousing & storage 3.Forecasts up to 2029 and analysis of growth prospects)

    1. 3.1. End User Industry

      1. 3.1.1. Agriculture, Fishing, and Forestry

      2. 3.1.2. Construction

      3. 3.1.3. Manufacturing

      4. 3.1.4. Oil and Gas, Mining and Quarrying

      5. 3.1.5. Wholesale and Retail Trade

      6. 3.1.6. Others

    2. 3.2. Logistics Function

      1. 3.2.1. Courier, Express, and Parcel (CEP)

        1. 3.2.1.1. By Destination Type

          1. 3.2.1.1.1. Domestic

          2. 3.2.1.1.2. International

      2. 3.2.2. Freight Forwarding

        1. 3.2.2.1. By Mode Of Transport

          1. 3.2.2.1.1. Air

          2. 3.2.2.1.2. Sea and Inland Waterways

          3. 3.2.2.1.3. Others

      3. 3.2.3. Freight Transport

        1. 3.2.3.1. By Mode Of Transport

          1. 3.2.3.1.1. Air

          2. 3.2.3.1.2. Pipelines

          3. 3.2.3.1.3. Rail

          4. 3.2.3.1.4. Road

          5. 3.2.3.1.5. Sea and Inland Waterways

      4. 3.2.4. Warehousing and Storage

        1. 3.2.4.1. By Temperature Control

          1. 3.2.4.1.1. Non-Temperature Controlled

          2. 3.2.4.1.2. Temperature Controlled

      5. 3.2.5. Other Services

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).

      1. 4.4.1. A.P. Moller - Maersk

      2. 4.4.2. Africa Access 3PL Limited

      3. 4.4.3. AfriGlobal logistics

      4. 4.4.4. Bolloré Group

      5. 4.4.5. CMA CGM Group

      6. 4.4.6. Fortune Global Shipping and Logistics Limited

      7. 4.4.7. GIG Logistics

      8. 4.4.8. Gulf Agency Company (GAC)

      9. 4.4.9. GWX Logistics

      10. 4.4.10. Hapag-Lloyd

      11. 4.4.11. JOF Nigeria Limited

      12. 4.4.12. MDS Logistics

      13. 4.4.13. Red Star Express PLC

  7. 5. KEY STRATEGIC QUESTIONS FOR FREIGHT AND LOGISTICS CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (Market Drivers, Restraints & Opportunities)

      5. 6.1.5. Technological Advancements

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

    7. 6.7. Currency Exchange Rate

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, 2017-2022
  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. OPERATIONAL COSTS OF TRUCKING - BREAKDOWN BY OPERATING COST ELEMENT, %, NIGERIA, 2022
  1. Figure 20:  
  2. TRUCKING FLEET SIZE BY TYPE, SHARE %, NIGERIA, 2022
  1. Figure 21:  
  2. RANK OF LOGISTICS PERFORMANCE, RANK, NIGERIA, 2010 - 2023
  1. Figure 22:  
  2. MODAL SHARE OF FREIGHT TRANSPORTATION SECTOR, SHARE % BY TON-KM, NIGERIA, 2022
  1. Figure 23:  
  2. MODAL SHARE OF FREIGHT TRANSPORT SECTOR, SHARE % BY TONS, NIGERIA, 2022
  1. Figure 24:  
  2. MARITIME FLEET LOAD CARRYING CAPACITY OF COUNTRY FLAGGED VESSELS, DEAD WEIGHT TONNAGE (DWT) BY SHIP TYPE, NIGERIA, 2017 - 2022
  1. Figure 25:  
  2. LINER SHIPPING CONNECTIVITY INDEX, BASE=100 FOR Q1 2006, 2016 - 2022
  1. Figure 26:  
  2. LINER SHIPPING BILATERAL CONNECTIVITY INDEX, NIGERIA, 2021
  1. Figure 27:  
  2. PORT LINER SHIP CONNECTIVITY INDEX, BASE=100 FOR Q1 2006, NIGERIA, 2022
  1. Figure 28:  
  2. MEDIAN TIME SPENT BY VESSELS WITHIN PORT LIMITS OF THE COUNTRY, DAYS, NIGERIA, 2018 - 2021
  1. Figure 29:  
  2. AVERAGE AGE OF VESSELS THAT HAVE CALLED IN THE COUNTRY'S PORTS, YEARS, NIGERIA, 2018 - 2021
  1. Figure 30:  
  2. AVERAGE GROSS TONNAGE OF VESSELS ENTERING THE COUNTRY'S PORTS, GROSS TONNAGE (GT), NIGERIA, 2018 - 2021
  1. Figure 31:  
  2. AVERAGE CARGO CARRYING CAPACITY OF VESSELS THAT HAVE CALLED IN THE COUNTRY'S PORTS, DEAD WEIGHT TONNAGE (DWT) PER VESSEL, NIGERIA, 2018 - 2021
  1. Figure 32:  
  2. AVERAGE CONTAINER CARRYING CAPACITY PER CONTAINER SHIP FOR VESSELS ENTERING THE PORTS, TWENTY-FOOT EQUIVALENT UNITS (TEUS), NIGERIA, 2018 - 2021
  1. Figure 33:  
  2. CONTAINER PORT THROUGHPUT, TWENTY-FOOT EQUIVALENT UNITS (TEUS), NIGERIA, 2016 - 2021
  1. Figure 34:  
  2. TOTAL NUMBER OF SHIP ARRIVALS IN THE COUNTRY'S PORTS, NUMBER OF PORT CALLS, NIGERIA, 2018 - 2021
  1. Figure 35:  
  2. PRICING TREND OF ROAD FREIGHT TRANSPORT SERVICE, USD/TON-KM, NIGERIA, 2017 - 2022
  1. Figure 36:  
  2. PRICING TREND OF RAIL FREIGHT TRANSPORT SERVICE, USD/TON-KM, NIGERIA, 2017 - 2022
  1. Figure 37:  
  2. PRICING TREND OF AIR FREIGHT TRANSPORT SERVICE, USD/TON-KM, NIGERIA, 2017 - 2022
  1. Figure 38:  
  2. PRICING TREND OF SEA AND INLAND WATERWAYS FREIGHT TRANSPORT SERVICE, USD/TON-KM, NIGERIA, 2017 - 2022
  1. Figure 39:  
  2. PRICING TREND OF PIPELINES FREIGHT TRANSPORT SERVICE, USD/TON-KM, NIGERIA, 2017 - 2022
  1. Figure 40:  
  2. FREIGHT HANDLED BY ROAD TRANSPORT, TONS, NIGERIA, 2017 - 2029
  1. Figure 41:  
  2. FREIGHT HANDLED BY RAIL TRANSPORT, TONS, NIGERIA, 2017 - 2029
  1. Figure 42:  
  2. FREIGHT HANDLED BY AIR TRANSPORT, TONS, NIGERIA, 2017 - 2029
  1. Figure 43:  
  2. FREIGHT HANDLED BY SEA AND INLAND WATERWAYS TRANSPORT, TONS, NIGERIA, 2017 - 2029
  1. Figure 44:  
  2. FREIGHT HANDLED BY PIPELINES TRANSPORT, TONS, NIGERIA, 2017 - 2029
  1. Figure 45:  
  2. LENGTH OF ROADS, KM, NIGERIA, 2017 - 2022
  1. Figure 46:  
  2. SHARE OF ROAD LENGTH BY SURFACE CATEGORY, %, NIGERIA, 2022
  1. Figure 47:  
  2. SHARE OF ROAD LENGTH BY ROAD CLASSIFICATION, %, NIGERIA, 2022
  1. Figure 48:  
  2. RAIL LENGTH, KM, NIGERIA, 2017 - 2022
  1. Figure 49:  
  2. CONTAINERS HANDLED AT MAJOR PORTS, TWENTY-FOOT EQUIVALENT UNITS (TEUS), NIGERIA, 2022
  1. Figure 50:  
  2. CARGO WEIGHT HANDLED AT MAJOR AIRPORTS, TONS, NIGERIA, 2022
  1. Figure 51:  
  2. VALUE OF FREIGHT AND LOGISTICS MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 52:  
  2. VALUE OF FREIGHT AND LOGISTICS MARKET BY END USER INDUSTRY, USD, NIGERIA, 2017 - 2030
  1. Figure 53:  
  2. VALUE SHARE OF FREIGHT AND LOGISTICS MARKET BY END USER INDUSTRY, %, NIGERIA, 2017 - 2030
  1. Figure 54:  
  2. VALUE OF AFF INDUSTRY (AGRICULTURE, FISHING AND FORESTRY) LOGISTICS MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 55:  
  2. CAGR OF AFF INDUSTRY (AGRICULTURE, FISHING AND FORESTRY) LOGISTICS MARKET, %, NIGERIA, 2017 - 2030
  1. Figure 56:  
  2. VALUE OF CONSTRUCTION LOGISTICS MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 57:  
  2. CAGR OF CONSTRUCTION LOGISTICS MARKET, %, NIGERIA, 2017 - 2030
  1. Figure 58:  
  2. VALUE OF MANUFACTURING LOGISTICS MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 59:  
  2. CAGR OF MANUFACTURING LOGISTICS MARKET, %, NIGERIA, 2017 - 2030
  1. Figure 60:  
  2. VALUE OF EXTRACTIVE INDUSTRY (OIL AND GAS, MINING AND QUARRYING) LOGISTICS MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 61:  
  2. CAGR OF EXTRACTIVE INDUSTRY (OIL AND GAS, MINING AND QUARRYING) LOGISTICS MARKET, %, NIGERIA, 2017 - 2030
  1. Figure 62:  
  2. VALUE OF DISTRIBUTIVE TRADE (WHOLESALE AND RETAIL TRADE) LOGISTICS MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 63:  
  2. CAGR OF DISTRIBUTIVE TRADE (WHOLESALE AND RETAIL TRADE) LOGISTICS MARKET, %, NIGERIA, 2017 - 2030
  1. Figure 64:  
  2. VALUE OF OTHER END USERS LOGISTICS MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 65:  
  2. CAGR OF OTHER END USER LOGISTICS MARKET, %, NIGERIA, 2017 - 2030
  1. Figure 66:  
  2. VALUE OF FREIGHT AND LOGISTICS MARKET BY LOGISTICS FUNCTION, USD, NIGERIA, 2017 - 2030
  1. Figure 67:  
  2. VALUE SHARE OF FREIGHT AND LOGISTICS MARKET BY LOGISTICS FUNCTION, %, NIGERIA, 2017 - 2030
  1. Figure 68:  
  2. VALUE OF COURIER, EXPRESS AND PARCEL (CEP) MARKET BY DESTINATION TYPE, USD, NIGERIA, 2017 - 2030
  1. Figure 69:  
  2. VALUE SHARE OF COURIER, EXPRESS AND PARCEL (CEP) MARKET BY DESTINATION TYPE, %, NIGERIA, 2017 - 2030
  1. Figure 70:  
  2. VALUE OF DOMESTIC COURIER, EXPRESS AND PARCEL (CEP) MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 71:  
  2. VOLUME OF DOMESTIC COURIER, EXPRESS AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, NIGERIA, 2017 - 2030
  1. Figure 72:  
  2. VALUE OF INTERNATIONAL COURIER, EXPRESS AND PARCEL (CEP) MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 73:  
  2. VOLUME OF INTERNATIONAL COURIER, EXPRESS AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, NIGERIA, 2017 - 2030
  1. Figure 74:  
  2. VALUE OF FREIGHT FORWARDING MARKET BY MODE OF TRANSPORT, USD, NIGERIA, 2017 - 2030
  1. Figure 75:  
  2. VALUE SHARE OF FREIGHT FORWARDING MARKET BY MODE OF TRANSPORT, %, NIGERIA, 2017 - 2030
  1. Figure 76:  
  2. VALUE OF AIR FREIGHT FORWARDING MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 77:  
  2. VALUE SHARE OF AIR FREIGHT FORWARDING MARKET BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2030
  1. Figure 78:  
  2. VALUE OF SEA AND INLAND WATERWAYS FREIGHT FORWARDING MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 79:  
  2. VALUE SHARE OF SEA AND INLAND WATERWAYS FREIGHT FORWARDING MARKET BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2030
  1. Figure 80:  
  2. VALUE OF OTHERS FREIGHT FORWARDING MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 81:  
  2. VALUE SHARE OF FREIGHT FORWARDING MARKET'S OTHERS SEGMENT BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2030
  1. Figure 82:  
  2. VOLUME OF FREIGHT TRANSPORT MARKET BY MODE OF TRANSPORT, TON-KM, NIGERIA, 2017 - 2030
  1. Figure 83:  
  2. VALUE OF FREIGHT TRANSPORT MARKET BY MODE OF TRANSPORT, USD, NIGERIA, 2017 - 2030
  1. Figure 84:  
  2. VALUE SHARE OF FREIGHT TRANSPORT MARKET BY MODE OF TRANSPORT, %, NIGERIA, 2017 - 2030
  1. Figure 85:  
  2. VALUE OF AIR FREIGHT TRANSPORT MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 86:  
  2. VOLUME OF AIR FREIGHT TRANSPORT MARKET, TON-KM, NIGERIA, 2017 - 2030
  1. Figure 87:  
  2. VALUE SHARE OF AIR FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2030
  1. Figure 88:  
  2. VALUE OF PIPELINES FREIGHT TRANSPORT MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 89:  
  2. VOLUME OF PIPELINES FREIGHT TRANSPORT MARKET, TON-KM, NIGERIA, 2017 - 2030
  1. Figure 90:  
  2. VALUE SHARE OF PIPELINES FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2030
  1. Figure 91:  
  2. VALUE OF RAIL FREIGHT TRANSPORT MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 92:  
  2. VOLUME OF RAIL FREIGHT TRANSPORT MARKET, TON-KM, NIGERIA, 2017 - 2030
  1. Figure 93:  
  2. VALUE SHARE OF RAIL FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2030
  1. Figure 94:  
  2. VALUE OF ROAD FREIGHT TRANSPORT MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 95:  
  2. VOLUME OF ROAD FREIGHT TRANSPORT MARKET, TON-KM, NIGERIA, 2017 - 2030
  1. Figure 96:  
  2. VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2030
  1. Figure 97:  
  2. VALUE OF SEA AND INLAND WATERWAYS FREIGHT TRANSPORT MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 98:  
  2. VOLUME OF SEA AND INLAND WATERWAYS FREIGHT TRANSPORT MARKET, TON-KM, NIGERIA, 2017 - 2030
  1. Figure 99:  
  2. VALUE SHARE OF SEA AND INLAND WATERWAYS FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2030
  1. Figure 100:  
  2. VALUE OF WAREHOUSING AND STORAGE MARKET BY TEMPERATURE CONTROL, USD, NIGERIA, 2017 - 2030
  1. Figure 101:  
  2. VALUE SHARE OF WAREHOUSING AND STORAGE MARKET BY TEMPERATURE CONTROL, %, NIGERIA, 2017 - 2030
  1. Figure 102:  
  2. VALUE OF NON-TEMPERATURE CONTROLLED WAREHOUSING AND STORAGE MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 103:  
  2. VOLUME OF NON-TEMPERATURE CONTROLLED WAREHOUSING AND STORAGE MARKET, SQUARE FEET, NIGERIA, 2017 - 2030
  1. Figure 104:  
  2. VALUE OF TEMPERATURE CONTROLLED WAREHOUSING AND STORAGE MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 105:  
  2. VOLUME OF TEMPERATURE CONTROLLED WAREHOUSING AND STORAGE MARKET, SQUARE FEET, NIGERIA, 2017 - 2030
  1. Figure 106:  
  2. VALUE OF OTHER SERVICES SEGMENT OF FREIGHT AND LOGISTICS MARKET, USD, NIGERIA, 2017 - 2030
  1. Figure 107:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, NIGERIA, 2017 - 2023
  1. Figure 108:  
  2. MOST ADOPTED STRATEGIES, COUNT, NIGERIA, 2017 - 2023
  1. Figure 109:  
  2. VALUE SHARE OF MAJOR PLAYERS, %, NIGERIA, 2022

Nigeria Freight and Logistics Industry Segmentation

Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others are covered as segments by End User Industry. Courier, Express, and Parcel (CEP), Freight Forwarding, Freight Transport, Warehousing and Storage are covered as segments by Logistics Function.

  • As of March 2023, the Nigerian government is enhancing the country's air cargo competitiveness by establishing specialized committees comprising representatives from both public and private sectors. These committees are tasked with the construction and operation of airports equipped with modern cargo infrastructure. Overall, the various shortcomings in Nigeria's air cargo value chain could potentially disadvantage the country in the African Continental Free Trade Area (AfCFTA), an emerging free trade market in Africa. Overall, NGN 1.5 trillion (USD 5 billion) is required to fix the country's air infrastructure.
  • The freight and logistics market has been developing rapidly from 2017 to 2021, and it is led by the volume of the courier, express, and parcel market. As of 2022, as a comparison among logistics startups in Nigeria, Kobo360, a logistics company in Nigeria (Lagos) launched in 2016, had the highest number of employees compared to other logistics companies in the country. The business counted over 260 workers, followed by Eden Life and Sendbox, with 86 and 68 employees, respectively.
  • Nigeria has the largest road network in West Africa and the second largest south of the Sahara, totaling about 194,200 km. Federal roads make up 17.6%, state roads 15.7%, and local and rural roads 66.7% of this network. The Nigerian National Petroleum Company intends to invest USD 4.1 billion in reconstructing 44 highways, which will cover 4,500 km of federal highways. Furthermore, the Federal Executive Council has approved 25-year concessions on nine corridors that connect vital population and economic centers.
End User Industry
Agriculture, Fishing, and Forestry
Construction
Manufacturing
Oil and Gas, Mining and Quarrying
Wholesale and Retail Trade
Others
Logistics Function
Courier, Express, and Parcel (CEP)
By Destination Type
Domestic
International
Freight Forwarding
By Mode Of Transport
Air
Sea and Inland Waterways
Others
Freight Transport
By Mode Of Transport
Air
Pipelines
Rail
Road
Sea and Inland Waterways
Warehousing and Storage
By Temperature Control
Non-Temperature Controlled
Temperature Controlled
Other Services
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Market Definition

  • Agriculture, Fishing, and Forestry (AFF) - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the AFF industry players. The end user players considered are the establishments primarily engaged in growing crops, raising animals, harvesting timber, harvesting fish & other animals from their natural habitats and providing related support activities. Herein, Logistics Service Providers (LSPs) 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. 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.
  • Construction - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the construction industry players. The end user players considered are the establishments primarily engaged in constructing, repairing and renovating residential & commercial buildings, infrastructure, engineering works, subdividing and developing land. Logistics Service Providers (LSPs) play a crucial role in increasing profitability of construction projects by maintaing the inventory of raw materials & equipment, time-critical supplies and by providing other value added services for effective project management.
  • 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 parcels.
  • 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.
  • 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.
  • Freight Forwarding - Freight forwarding which herein refers to the freight transportation arrangement (FTA) industry includes establishments primarily engaged in arranging & tracking transportation of freight between shippers and carriers. Logistics Service Providers (LSPs) considered are freight forwarders, NVOCCs, custom brokers and marine shipping agents. Others segment under Freight Forwarding captures the revenue earned through value added services of FTA like custom brokerage/clearance activities, preparation of freight related documentation, consolidation-deconsolidation of goods, cargo insurance & compliance, arrangement of warehousing & storage, liasing with shippers, and freight forwarding through other modes of transport viz. road and rail.
  • Freight Pricing Trends - Freight pricing by mode of transport (USD/tonkm), over the review period, has been presented in this industry trend. The data has been used in assessing the inflationary environment, impact on trade, freight turnover (tonkm), freight and logistics market demand by mode of transport segments and hence the overall freight and logistics market size.
  • Freight Tonnage Trends - Freight tonnage (weight of goods in tons) handled by mode of transport, over the review period, has been presented in this industry trend. The data has been used as one of the parameters apart from average distance per shipment (km), freight volume (tonkm), and freight pricing (USD/tonkm) to assess the freight transport market size.
  • Freight Transport - Freight Transport refers to the hiring of a logistics service provider (outsourced logistics) for the transport of commodities (raw materials/final/intermediate/finished goods including both solids and fluids) from the origin to a destination within the country (domestic) or cross-border (international).
  • Freight and Logistics - External expenditure on (or outsourced) facilitation of freight transport (freight transportation), arrangement of freight transport through an agent (freight forwarding), warehousing and storage (temperature controlled or non-temperature controlled), CEP (domestic or international courier, express and parcel) and other value-added logistics services involved in the transportation of commodities (raw materials or finished goods including both solids and fluids) from the origin to a destination within the country (domestic) or cross-border (international), through one or more modes of transportation viz. road, rail, sea, air and pipelines constitute freight and logistics market.
  • 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).
  • 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.
  • 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.
  • Liner Shipping Bilateral Connectivity Index  - It indicates a country pair's integration level into global liner shipping networks and plays a crucial role in determining bilateral trade, which in turn potentially contributes toward the prosperity of a country and its surrounding region. Hence the major economies connected to the country/ region as per scope of the report, have been analyzed and presented in "Liner Shipping Connectivity" industry trend.
  • Liner Shipping Connectivity - This industry trend analyses the state of connectivity to the global shipping networks based on the status of maritime transport sector. It includes the analysis of liner shipping connectivity, bilateral shipping connectivity, and port liner shipping connectivity indices for the geography (country/ region as per scope of the report) over the review period.
  • Liner Shipping Connectivity Index  - It indicates how well countries are connected to global shipping networks based on the status of their maritime transport sector. It is based on five components of the maritime transport sector: (1) The number of shipping lines servicing a country, (2) The size of the largest vessel used on these services (in TEUs), (3) The number of services connecting a country to the other countries, (4) The total number of vessels deployed in a country, (5) The total capacity of those vessels (in TEUs).
  • 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.
  • Major Truck Suppliers - Market share of truck brands is influenced by factors like geographical preferences, portfolio of truck types, truck prices, local production, truck repair & maintenance service peneteration, customer support, technological innovations (like electric vehicles, digitalization, autonomous trucks), fuel efficiency, financing options, annual maintenance costs, availability of substitutes, marketing startegies etc. Hence, the distribution (share % for base year of the study) of truck sales volume for leading truck brands and commentary on current market scenario & market anticipation over the forecast period have been presented in this industry trend.
  • Manufacturing - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the Manufacturing industry players. 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.
  • Maritime Fleet Load Carrying Capacity - Maritime fleet load carrying capacity depicts the development state of an economy's maritime infrastructure & trade. It is influenced by factors like volume of production, international trade, major end user industries, maritime connectivity, environmental regulations, investments in port infrastructure development, port container cargo handling capacity etc. This industry trend represents the maritime fleet load carrying capacity by type of ship viz. container ships, oil tankers, bulk carriers, general cargo, among other types alongwith the influencing factors for the geography studied (country/ region as per scope of the report), over the review period.
  • Modal Share - Freight Modal Share is influenced by factors like modal productivity, government regulations, containerization, distance of shipment, temperature control requirements, type of goods, international trade, terrain, speed of delivery, shipment weight, bulk shipments, etc. Also, modal share by tonnage (tons) and modal share by freight turnover (ton-km) differ as per average distance of shipments, weight of major commodity groups transported in the economy and number of trips. This industry trend represents the distribution of freight transported by mode of transport (tons as well as ton-km), for the study base year.
  • Oil and Gas, Mining and Quarrying - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the extraction industry players. The end user players considered are the establishments that extract naturally occurring mineral solids, such as coal and ores; liquid minerals, such as crude petroleum; and gases, such as natural gas. Logistics Service Providers (LSPs) covers entire phases from upstream to downstream and plays 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.
  • Other End Users - Other end user segment captures the external (outsourced) logistics expenditure incurred by the financial services (BFSI), real estate, educational services, healthcare, and professional services (administrative, waste management, legal, architectural, engineering, design, consulting, scientific R&D). Logistics Service Providers (LSPs) plays a crucial role in the reliable movement of supplies and documents to/from these industries such as transporting any equipment or resources required, shipping confidential documents and files, movement of medical goods & supplies (surgical supplies and instruments, including gloves, masks, syringes, equipment) to name a few.
  • Other Services - Other Services segment captures revenue earned through (1) Value added services (VAS) for freight transportation by road, rail, air and sea & inland waterways, (2) VAS for marine cargo transportation (operation of terminal facilities such as harbours and piers, operation of waterway locks, navigation, pilotage and berthing activities, lighterage, salvage activities, lighthouse activities, among other miscellaneous support activities), (3) VAS for land freight transportation (operation of terminal facilities such as railway stations, stations for the handling of goods, operation of railroad infrastructure, switching and shunting, towing and road side assistance, liquefaction of gas for transportation purposes, among other miscellaneous support activities), (4) VAS for air cargo transportation (operation of terminal facilities such as airway terminals, airport and air-traffic-control activities, ground service activities on airfields, runway maintenance, inspection/ ferrying/ maintenance/ testing of aircrafts, aircraft fuelling services, among other miscellaneous support activities), (5) VAS for warehousing and storage service (operation of grain silos, general merchandise warehouses, refrigerated warehouses, storage tanks etc., storage of goods in foreign trade zones, blast freezing, crating goods for shipping, packing and preparing goods for shipping, labelling and/or imprinting the package, kit assembling and packaging services, among other miscellaneous support activities), and (6) VAS for courier, express and parcel service (pickup, sorting).
  • Port Calls and Performance - The performance of ports is key to an economy's freight movement, trade, global connectivity, successful growth strategies, investment attractiveness for production & distribution systems, and thus affects GDP, employment, per capita income and industrial growth. Hence, the port perfomance parameters like median time spent by vessels in the ports; average age, size, cargo carrying capacity, container carrying capacity, of vessels entering the ports, port calls, and container port throughput have been analysed and presented in this industry trend.
  • Port Liner Shipping Connectivity Index - It reflects a port's position in the global liner shipping network, wherein a higher value of index is associated with better connectivity. Efficient and well-connected ports (1) contribute towards minimizing transport costs, linking supply chains and supporting international trade, (2) pave the way for economies of scale and development of expertise by permitting producers to better exploit possibilities in domestic as well as foreign markets. Hence the major ports of strategic importance, in the country/ region as per scope of the report, have been analyzed and presented in "Liner Shipping Connectivity" industry trend.
  • Port Throughput - It reflects the amount of cargo or number of vessels a port handles annually. It can be related to (1) cargo tonnage, (2) container TEU, and (3) vessel calls. Port throughput in terms of total containers handled (TEU's), has been presented in the "Port Calls and Performance" industry trend.
  • 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 freight and logistics 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.
  • Trucking Fleet Size By Type - Market share of truck types is influenced by factors like geographical preferences, major end user industries, truck prices, local production, truck repair & maintenance service peneteration, customer support, technological disruptions (like electric vehicles, digitalization, autonomous trucks) etc. Hence, the distribution (share % for base year of study) of truck parc volume by type of truck, market disruptors, truck manufacturing investments, truck specifications, truck use & import regulations, and market anticipation over the forecast period have been presented in this industry trend.
  • Trucking Operational Costs - The prime reasons for measuring/ benchmarking logistics performance of any trucking company are to reduce operational costs and increase profitability. On the other hand, measuring operational costs helps to identify whether and where to make operational changes to control expenses and identify areas for improved performance. Hence, in this industry trend, trucking operational costs and the variables involved viz. driver wages & benefits, fuel prices, repairs & maintenance costs, tyre costs etc. have been studied over the base year of study, and presented for the geography studied (country or region as per the scope of report).
  • Warehousing and Storage - Warehousing and storage segment captures revenue earned through the operation of general merchandise, refrigerated and other types of warehousing & storage facilities. These establishments take responsibility for storing the goods and keeping them secure in lieu of charges. Value added services (VAS) they may provide are considered to be a part of the "other services" segment. Here VAS refer to a range of services, related to the distribution of a customer's goods and can include labelling, breaking bulk, inventory control & management, light assembly, order entry & fulfillment, packaging, pick & pack, price marking & ticketing and transportation arrangement.
  • Wholesale and Retail Trade - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the wholesalers and retailers. 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 of a wheeled vehicle is the total weight bearing on the roadway for all wheels connected to a given axle.
Back Haul Backhaul is the return movement of a transport vehicle from its original destination to its original point of departure.
Bill of Lading A bill of lading is a legal document issued by a carrier to a shipper that details the type, quantity, and destination of the goods being carried.
Bunkering Bunkering is the process of supplying fuel and/or gasoil to be used to power the propulsion system of a ship (such fuel is referred to as bunker). It includes the logistics of loading and distributing the fuel among available shipboard tanks. A person dealing in trade of bunker (fuel) is called a bunker trader.
Bunkering Service Bunkering service is the supply of a requested quality and quantity of bunkers to a ship.
C-commerce C-commerce (Collaborative commerce) describes electronically enabled business interactions among an enterprise’s internal personnel, business partners and customers throughout a trading community. The trading community could be an industry, industry segment, supply chain or supply chain segment.
Cabotage Transport by a vehicle registered in a country performed on the national territory of another country.
Cartage Agent A ground transportation service that provides pickup and delivery of freight in locations not served directly by an air or ocean carrier.
Contract logistics Contract logistics refers to the outsourcing of resource management tasks by one company to a third-party company specializing in logistical matters, such as transportation, warehousing, and order fulfillment.
Courier A business that is used to send messages, packages, etc. Courier service refers to the fast or quick, door to door pickup and delivery service for goods or documents. It can be local or international. A company that provides such delivery services is called a courier company. A courier company hires people to provide their services. Such a person hired by the courier service company is called a courier.
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.
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 than the country of unloading/disembarkation.
Customs Clearance 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 such as FCC or FDA approval.
Customs seal Customs seal means a seal, stamp or any other preventive means affixed by customs officials to ensure the inviolability of goods, commercial means of transport or warehouses.
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.
Direct Shipment Direct shipment is a method of delivering goods from the supplier or the product owner to the customer directly. In most cases, the customer orders the goods from the product owner. This delivery scheme reduces transportation and storage costs, but requires additional planning and administration.
Drayage A drayage is a form of trucking service that connects the different modes of shipping (intermodal), such as ocean freight or air freight. It’s a short-haul trip that transports goods from one place to another, usually before or after its long-haul shipping process. Drayage trucks move cargo to and from various destinations, such as container ships, storage lots, order fulfillment warehouses, and rail yards. Typically, drayage only transports goods in short distances and operates only in one metropolitan area. It also requires only one trucker in a single shift.
Dry Docking Dry docking is a term used for repairs or when a ship is taken to the service yard. During dry docking, the whole ship is brought to a dry land so that the submerged portions of the hull can be cleaned or inspected.
Dry van A dry van is a type of semi-trailer that's fully enclosed to protect shipments from outside elements. Designed to carry palletized, boxed or loose freight, dry vans aren't temperature-controlled (unlike refrigerated “reefer” units) and can't carry oversized shipments (unlike flatbed trailers).
Feedering Transport service whereby loaded or empty containers in a regional are transferred to a “mother ship” for a long-haul ocean voyage.
Final Demand Final demand includes all types of commodities (goods as well as services) consumed as final use and might include personal consumption, or consumption by government, by businesses as capital investment, and as exports. includes all types of commodities (goods as well as services) consumed as final use and might include personal consumption, or consumption by government, by businesses as capital investment, and as exports.
First mile Delivery First mile delivery refers to the first stage of the transportation. This is when the parcel leaves the seller’s warehouse and is taken by the courier pick up agent to process it or take it to the warehouse. Once the package reaches the post office or the courier’s hub, it is then sorted and transported further until it reaches the customer’s doorstep.
Fiscal storage services It means a facility, clearly separated from other premises, where the excise goods are produced, processed, held, received or dispatched under a duty suspension arrangement by an authorized depositor, in the course of his business, under conditions laid down by the customs authorities.
Flat Bed It has a back body that is flatly shaped for easy loading and unloading of goods. The flatbed truck is mostly used to transport heavy, oversized, wide and indelicate goods.
Flatbed Truck A flatbed truck is a type of truck with rigid design. It has a back body that is flatly shaped for easy loading and unloading of goods. The flatbed truck is mostly used to transport heavy, oversized, wide and indelicate goods such as machinery, building supplies or equipment. Due to the truck open body, the goods transported with it must not be vulnerable to rain. By functionality, the flatbed truck is comparable to a flatbed trailer.
Freight Transit Time Transit time is how long it takes for a shipment to be delivered to its final destination after being picked up from a designated pick up point.
Halal Logistics It refers to the process of managing the logistics operations such as fleet management, storage/warehousing, and materials handling according to the principles of Shariah law in ensuring the integrity of the halal products at the point of consumption.
Haulage The commercial transport of goods.
Inbound Logistics Inbound logistics is the way materials and other goods are brought into a company. This process includes the steps to order, receive, store, transport and manage incoming supplies. Inbound logistics focuses on the supply part of the supply-demand equation.
Intermediate Demand Intermediate demand includes goods, services, and maintenance and repair construction sold to businesses, excluding capital investment.
International Loaded Place of loading of goods in reporting country (i.e., country in which the vehicle performing the transport is registered) and place of unloading in a different country.
International Unloaded Place of unloading of goods in reporting country (i.e., country in which the vehicle performing the transport is registered) and place of loading in a different country.
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 to its final destination—which, usually, is a personal residence or retail store.
Less than-Truck-Load (LTL) Less-than-truckload, also known as less-than-load (LTL), is a shipping service for relatively small loads or quantities of freight. An LTL provider combines the loads and shipping requirements of several different companies on their trucks, using a hub-and-spoke system to get goods to their destinations.
Locomotives Haluage The transport of coal, ore, workers, and materials underground by means of locomotive-hauled mine cars. The locomotive may be powered by battery, diesel, compressed air, trolley, or some combination such as battery-trolley or trolley-cable reel.
Milkrun A Milk Run is a delivery method used to transport mixed loads from various suppliers to one customer. 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.
Multi country consolidation ​​Multi-Country Consolidation (MCC) is a cost-effective solution that consolidates ones 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.
Multi-Modal Logistics Multimodal transportation or multimodal shipping refers to logistics and freight processes that require multiple modes of transportation.
Omni Channel Logistics Omnichannel distribution is a multichannel approach taken by companies to give customers a way to purchase and receive orders from several sales channels with one-touch seamless integration. Some of the ways include- 1. Buy online, then pick-up at the brick and mortar store; 2. Buy online, then have it delivered to the home or another location; 3.In store purchase, with the delivery either to the home or another location; 4. Drop ship from a warehouse or manufacturing center to store, home or other location; 5.Buy online, then return at store or online; 6. Buy online, then return online.
OOG cargo Out of Gauge (OOG) cargo is any cargo that can not be loaded into six-sided shipping containers simply because it is too large. The term is a very loose classification of all cargo with dimensions beyond the maximum 40HC container dimensions. That is a length beyond 12.05 meters – a width beyond 2.33 meters – or a height beyond 2.59 meters.
Other ships Other ships include: Liquefied petroleum gas carriers, liquefied natural gas carriers, parcel (chemical) tankers, specialized tankers, reefers, offshore supply vessels, tugboats, dredgers, cruise, ferries, other non-cargo ships
Other Specialised Cargo Other specialised goods include pre-slung goods (Goods, one or more items, supplied with a sling or slings), mobile units (Mobile Self Propelled Units, Non Self Propelled Units, unrolled vehicles), oversized equipment load (light and heavy machinery that is often too big or too heavy), high value freight that needs extra protection like electronics, financial services road freight.
Outsourced Freight Transport Transport for hire or reward; The carriage for remuneration of goods.
Pallets Raised platform, intended to facilitate the lifting and stacking of goods.
Part load A part load describes goods which only fills a truck partially. In essence, the quantity of the shipment is bigger than the Less Than Truckload (LTL) shipment. Also, the shipment cannot fully occupy a truck i.e. its capacity is much lower than a Full Truckload (FTL) shipment.
Paved Road Road surfaced with crushed stone (macadam) with hydrocarbon binder or bituminized agents, with concrete or with cobblestone.
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.
Quay A stone or metal platform lying alongside or projecting into water for loading and unloading ships.
Recommerce Recommerce is the selling of previously owned items through online marketplaces to buyers who reuse, recycle or resell them.
ReverseLogistics Reverse logistics is a type of supply chain management that moves goods from customers back to the sellers or manufacturers.
Road Freight Transport Service Hiring a trucking agency for transport of commodities (raw materials or manufactured goods including both solids and liquids) form the origin to a destination within the country (domestic) or cross-border (international) constitutes road freight transport market. The service might be Full-Truck-Load or Less than-Truck-Load, containerized or non-containerized, temperature controlled or non temperature controlled, short haul or long haul.
Roll-on/roll-off cargo Roll-on/roll-off (RORO or ro-ro) ships are cargo ships designed to carry wheeled cargo, such as cars, motorcycles, trucks, semi-trailer trucks, buses, trailers, and railroad cars, that are driven on and off the ship on their own wheels or using a platform vehicle, such as a self-propelled modular transporter.
Swap bodies A swap body, swop body, exchangeable container or interchangeable unit, is one of the types of standard freight containers for road and rail transport.
Tank Barge A non-self-propelled vessel constructed or adapted primarily to carry liquid, solid or gaseous commodities or cargos in bulk in cargo spaces (or tanks) through rivers and inland waterways, and may occasionally carry commodities or cargos through oceans and seas when in transit from one inland waterway to another. The commodities or cargos transported are in direct contact with the tank interior.
Tautliner vehicle Tautliner and curtainsider are used as generic names for curtain sided trucks/trailers. The curtains are permanently fixed to a runner at the top and detachable rails/poles at front and rear, allowing the curtains to be drawn open and forklifts used all along the sides for easy and efficient loading and unloading. When closed for travel, vertical load restraint straps are attached to a rope rail beneath the truck bed, connecting the truck bed and curtain along both sides. Winches at either end of the curtain tension it, hence the 'Tautliner' name. This stops the curtain from flapping or drumming in the wind and can also help retain light loads from slipping sideways.
Transloading Transloading is a shipping term that refers to the transfer of goods from one mode of transportation to another en route to their ultimate destination.
Tsubo A Japanese unit of area equal to 35.58 square feet.
Unpaved Road Road with a stabilized base not surfaced with crushed stone, hydrocarbon binder or bituminized agents, concrete or cobblestone.
Vessel Husbandry Services It includes ship maintenance, repairs, cleaning, upkeep of the hull and rigging and equipment.
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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 not a part of the pricing, and the average selling price (ASP) is kept constant 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.
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Nigeria Freight and Logistics Market Research FAQs

The Nigeria Freight and Logistics Market size is expected to reach USD 10.20 billion in 2024 and grow at a CAGR of 6.70% to reach USD 15.05 billion by 2030.

In 2024, the Nigeria Freight and Logistics Market size is expected to reach USD 10.20 billion.

A.P. Moller - Maersk, Africa Access 3PL Limited, Bolloré Group, JOF Nigeria Limited and Red Star Express PLC are the major companies operating in the Nigeria Freight and Logistics Market.

In the Nigeria Freight and Logistics Market, the Freight Transport segment accounts for the largest share by logistics function.

In 2024, the Courier, Express, and Parcel (CEP) segment accounts for the fastest growing by logistics function in the Nigeria Freight and Logistics Market.

In 2023, the Nigeria Freight and Logistics Market size was estimated at 10.20 billion. The report covers the Nigeria Freight and Logistics Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Nigeria Freight and Logistics Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030.

Nigeria Freight and Logistics Industry Report

Statistics for the 2023 Nigeria Freight and Logistics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Nigeria Freight and Logistics analysis includes a market forecast outlook to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Nigeria Freight and Logistics Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030