How Nigeria Logistics And Warehousing Market
Evolved?
Logistics is vital for the
economic performance of any economy. Nigeria, like other African countries, has
structural issues such as logistics infrastructure and cumbersome customs procedures at
the seaports. Freight forwarders usually provide a full
range of services such as tracking inland transportation, negotiating freight
charges, freight consolidation, cargo insurance, and filing of insurance.
The Lagos Port Complex and Tin can Port in
Lagos is the largest commercial port in Nigeria. MMIA is the major
commercial airport in Nigeria, situated in the capital city of Lagos.
Most warehouses and industries are even centered in Lagos due to the
presence of Special Economic zones. Lagos is the commercial and trading
hub of Nigeria. Growing investments in Industrial parks, growing
manufacturing units of the banned products for importing are the
factors that are contributing to the increased demand for warehouses in the
market.
Nigeria
Logistics market was
evaluated to grow from USD ~ million in 2013 to USD ~ million in the year
2018 at a compounded annual growth rate (CAGR) of ~% during the period. In
2016, Nigeria was hit by a very bad recession where it had a setback because
oil prices fell down from ~ a barrel in 2014 to below ~ in 2016. This affected
the country’s logistics sector and fall to a growth rate of almost ~% in
2016-2017 but finally came out of recession in 2018.
In 2018, Nigeria has achieved rank 145 in the
East of Doing Business Index and rank 112 in Logistic Performance Index. The
increasing middle class and urban-educated population have pushed the demand for
shopping centers and e-commerce in Lagos and urban counties of Nigeria. This is
increasing the demand of logistics and warehousing market.
Nigeria Freight Forwarding Market
Segmentation
By Mode of Freight
Sea Transport dominates the freight forwarding
market as all major imports and exports are done by sea. Road
transport is important for last-mile delivery in e-commerce and transporting
goods to other neighboring African countries but suffered from the poor
conditions of the roads. Air transport is not very popular in cargo
transportation and used mostly for passengers. Rail Transport is expected to
grow with the introduction of SGR in Nigeria.
By Type of Freight
International freight forwarding accounted for
larger revenues share in overall Nigeria Freight Forwarding Market, accounting
for a share of ~% in the year 2018.
By Flow Corridors
Over the past decade, Europe has replaced Asia
as the major trading partner of Nigeria with a share in overall share of ~% in
international freight. ~%. Asian
countries such as China and India are major trading partners with Nigeria.
By End Users
The major end-users of freight forwarding
services in Nigeria include Food and Beverage, Industrial and Retail sectors
with a share of ~% and ~% respectively. The F&B sector also creates a
demand for cold transportation for perishable items. Increasing demand of
Nigerian local food products and shipping structures has triggered the demand
for logistics and warehousing services.
By Contract and Integrated:-
Third-Party Logistics in Nigeria has been
thriving in the Nigeria Freight Forwarding Market with a share of ~% in overall
market revenue.
Nigeria Warehousing Market
Segmentation
Revenue by End User
The Food and beverage industry has been
contributing ~% due to the increasing trade of food products. Increasing
automotive industries, the emergence of retail stores, Cold storages for
agricultural and pharmaceutical drugs and medicines are increasing the demand
of warehousing sector.
By Operational Model
The Industrial/Retail segment has contributed
~% with massive revenue in the year 2018. CFS/ICD warehousing contributes
~% in the market. Cold Storage warehousing has increased due to
temperature-controlled products for agricultural goods and seafood.
By Contract and Integrated
Contract warehouses contributed ~% in the
warehousing market. Small and medium players lease out their warehousing
requirements due to shortage of good quality warehouses and huge capital requirements.
By Type of warehouses:
Open yards and warehouses are less in number
in Nigeria and contribute ~% share in the market due to less ICD’s.
Closed warehouses include `% of the warehousing market.
By Region:
All the
warehouses are majorly situated in and around Lagos only due to the
presence of industrial parks and proximity to seaports and airports. It
has around ~ warehouses in the country.
Key
Segments Covered:-
Freight
Forwarding Market
By Mode of Freight
Road Freight
Rail Freight (Volume and Revenue)
Air Freight (Airfreight in Nigeria (Volume- Imports and
Exports of Cargo and Mail By Airports)
Sea Freight (Volume By Import –Export And Cargo Type,
Logistic cost, Container Freight Rates, Cargo duty, General Cargo Delivery Charges
And Ship Dues)
By Type of Freight
International Freight Revenue
Domestic Freight Revenue
By Flow Corridors
Asian Countries
European Countries
Middle East
America
African Countries
By Contract and Integrated
Contract Logistics Revenue
Integrated Logistics Revenue
By End User
Food and Beverages
Industrial and Retail
Automotive
Others (Chemical products, fertilizers, pharmaceutical
products, perfumes etc)
Warehousing
Market
Revenue by Business Model
Industrial/Retail
CFS/ICD
Cold storage and agriculture
Revenue by Region
Lagos
Kano
Kaduna
Ogun
Nassaraw
Others
Revenue by Type of Warehouses
Open warehouses
Closed warehouse
Revenue by Contract and Integrated warehouses
Contract warehouses
Integrated warehouses
Revenue by End User
Food and Beverages
Automotive
Consumer retail
Health care
Others (Agricultural products and other perishable
commodities)
Revenue by Market Structure
Regulated
Unregulated
Courier,
Express and Parcel Logistics Market
Revenue by International/Air and Domestic/Ground
Shipments
International/Air Shipments
Domestic/Domestic Shipments
Revenue by Market Structure
B2B
B2C
C2C
Volume by Delivery Period
Same Day Delivery
Next Day Delivery
Two or More Days Delivery
Revenue by
Intra City and Inter City
Intra City
Inter City
Revenue by
Region
Lagos
Abuja
Kano
Others (Enugu, Port Harcourt, Calabar and many more)
3PL
Logistics Market
By Market Type (Freight
Forwarding and Warehousing)
Snapshot
on E-Commerce Logistics Market in Nigeria
Snapshot
on Trucking Aggregators
Kobo360
Lori system
Companies Covered
DHL
BHN Logistics
ABC Transport
UPS (United Postal Services)
Redstar Logistics
Maersk Line
MSC (Mediterranean Shipping Company)
TSL Logistics
Bollore Transport and Logistics
UPS (United Postal Services)
GMT Logistics
GIG logistics
Nipost (Nigerian Postal Service)
MDS logistics
Key
Target Audience
Freight Forwarding Companies
E Commerce Logistics Companies
3PL Companies
Consultancy Companies
Express Delivery Logistics Companies
Logistics/Warehousing Companies
Real Estate Companies/ Industrial Developers
Time
Period Captured in the Report:-
Historical Period – 2013-2018
Forecast Period – 2019-2023F
Key
Topics Covered in the Report:-
Logistics Infrastructure in Nigeria
Nigeria Logistics Market Size
Nigeria Logistics Market Segmentation
Nigeria Logistics Market Future Outlook
Nigeria Logistics Market Future Segmentation
Nigeria Freight Forwarding Market Size
Nigeria Freight Forwarding Market Segmentation
Nigeria Freight Forwarding Market Future Outlook
Nigeria Freight Forwarding Market Future Segmentation
Nigeria Warehousing Market Size
Nigeria Warehousing Market Segmentation
Nigeria Warehousing Market Future Outlook
Nigeria Warehousing Market Future Segmentation
Nigeria CEP Logistics Market Size
Nigeria CEP Logistics Market Segmentation
Nigeria CEP Logistics Market Future Outlook
Nigeria CEP Logistics Market Future Segmentation
Snapshot on Nigeria E-Commerce Logistics Market
Nigeria Outsourced/3PL Logistics Market Size
Nigeria Outsourced/3PL Logistics Market Segmentation
Nigeria Outsourced/3PL Logistics Market Future Outlook
Nigeria Outsourced/3PL Logistics Market Future
Segmentation
Regulatory Environment
Trends and Developments
New Technological Advancements
Issues and Challenges
Analyst Recommendation
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