Nigeria Freight Forwarding Industry Analysis: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit How Nigeria Freight Forwarding 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 specialize in arranging to ship merchandise on behalf of its shippers. They 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 ports in Nigeria. MMIA is the major commercial airport in Nigeria, situated in the capital city of Lagos. Therefore, Lagos is the commercial and trading hub of Nigeria. Nigeria Freight forwarding industry 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 Ease of Doing Business Index and rank 112 in the 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 for logistics from such platforms. Nigeria Freight Forwarding Market Segmentation By Mode of Freight Sea Transport dominates the freight forwarding market as all the 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 condition of 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 the 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 Nigerian local food products and shipping structures manufacturing in the country have 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. Competitive Scenario in Nigeria Freight Forwarding Market The Nigeria Freight Forwarding the market is highly scattered with over ~ freight local forwarding companies registered under the Council for Freight Forwarders in Nigeria. The market is scattered and constitutes of a number of multi-service logistics firms, specialized freight forwarders, and local transporters/truckers. While multi-service firms are mostly international, almost all transporters/truckers are local and regional. The industry is at a growth stage in terms of parameters in terms of adoption of technology, efficient utilization, diversification of its service but the logistics cost charged is very high due to the dearth of proper infrastructure in the country. The cost of transporting 40 ft containers and 20 ft containers to warehouses has increased ~ % in the past few years. Companies Cited in the Report:- DHL BHN Logistics Bollore Logistics ABC Transport UPS (United Postal Services) Redstar Logistics Maersk Line MSC (Mediterranean Shipping Company) TSL Logistics Nigeria Freight Forwarding Future Outlook and Projections Nigeria’s freight forwarding market is projected to grow at a CAGR of ~% during the forecast period 2018-2023 owing to the country’s plans to turn itself into the trading and manufacturing hub of Africa. The revenue from the freight forwarding market in the country is anticipated to grow from USD ~ million in 2018 to USD ~ million by the year ending 2023. The key growth drivers for the market include the rising demand for products through online purchases which has augmented the E-commerce market. The increasing international trade volumes and domestic manufacturing are expected to increase the demand for freight forwarding services. The increasing year on year investment by the government of Nigeria on infrastructural and development projects such as the Trans African Highway, Lagos-Kano SGR, Lekki Deep Sea Port and improving the air transport network is also witnessed to positively impact the market. Due to such reasons, new firms continue to enter the market despite any tariff or trade barriers. Key Segments Covered:- Nigeria 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) Companies Covered:- DHL BHN Logistics Bollore Logistics ABC Transport UPS (United Postal Services) Redstar Logistics Maersk Line MSC (Mediterranean Shipping Company) TSL Logistics Key Target Audience Freight Forwarding Companies E-Commerce Logistics Companies 3PL Companies Consultancy Companies Express Delivery Logistics Companies Time Period Captured in the Report:- Historical Period – 2013-2018 Forecast Period – 2019-2023 Key Topics Covered in the Report:- Nigeria Transportation Major Companies Inland Container Depot Niagara Road Freight Industry Nigeria E-Commerce Logistics Companies in Nigeria Third-Party Logistics in Nigeria International Freight Companies in Nigeria Nigeria Freight Forwarders Nigeria exports Revenue Nigeria logistics and warehousing services International trade of Nigeria Nigeria ECOWAS Agreement Nigeria Container Freight Rates Cargo Shipping Cost to Nigeria For More Information, Refer To Below Link:- Nigeria Freight Forwarding Market Outlook Related Reports by Ken Research:- Kenya Freight Forwarding Market Outlook to 2023 – By Sea, Land, Air, Rail And Pipeline Freight; International And Domestic Freight, Integrated And Contract Logistics Freight Forwarding Uganda Freight Forwarding Market Outlook to 2023 – By Road, Rail And Air Freight; International And Domestic Freight, Integrated And Contract Freight And By End Users (Food And Beverages And Consumer Retail, Automotive, Healthcare And Others) South Africa Logistics Market Outlook To 2023 – By Sea, Land, Air Freight Forwarding; International And Domestic Freight, Integrated And Contract Logistics Freight Forwarding; By Warehousing (Industrial/ Retail, ICD/CFS, Cold Storage, Others), 3PL Warehousing, Cold Chain; By Express Logistics And E-Commerce Logistics Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: 3PL and Integrated Logistics Market Nigeria, ABC Logistics Nigeria Market Share, Africa Logistics Market Revenue, Air Freight Flow Corridor Nigeria, BHN Logistics Revenue Share Nigeria, Bollore Logistics Market Analysis Nigeria, Cargo Shipping Cost to Nigeria, container freight stations Niagara, container type Logistics cost Nigeria, Contract Logistics Freight Forwarding Nigeria, Contract Logistics Freight Nigeria, Contract Logistics Revenue Nigeria, Cost air express and ground express services Nigeria, DHL Nigeria Freight Forwarding Revenue, E-Commerce Logistics Companies in Nigeria, End User Demand for Freight Forwarding services in Nigeria, Freight Forwarding Competition Nigeria, Freight Forwarding Developments Nigeria, Freight Forwarding Industry in Nigeria, Freight Forwarding Industry Nigeria, Freight Forwarding Market in Nigeria, Freight Forwarding Market Nigeria, Freight Forwarding Trucking Companies Nigeria, General Cargo Delivery Charges Nigeria, Import and Export Cargo Cost Nigeria, Import and Export Shipment Cost Nigeria, Inland Container Depot Niagara, Integrated Logistics Revenue Market Nigeria, International Freight Companies in Nigeria, International trade of Nigeria, Maersk Line Nigeria Market Analysis, Major freight forwarding companies in Nigeria, msc nigeria freight forwarding revenue, Nigeria Cold Transportation Revenue, Nigeria Container Freight Rates, Nigeria Domestic Freight Companies Share, Nigeria Domestic Freight Market Revenue, Nigeria E-Commerce logistics Market Demand, Nigeria ECOWAS Agreement, Nigeria exports Revenue, Nigeria Express Delivery Logistics Companies, Nigeria Freight Forwarders, Nigeria Freight Forwarding Growth in USD Billion, Nigeria Freight Forwarding Industry, Nigeria Freight Forwarding Industry Research Report, Nigeria Freight Forwarding Market, Nigeria Freight Forwarding Market Analysis, Nigeria Freight Forwarding Market Future Outlook, Nigeria Freight Forwarding Market Growth Forecast, Nigeria Freight Forwarding Market Major Players, Nigeria Freight Forwarding Market Research Report, Nigeria Freight Forwarding Market Revenue, Nigeria Freight Forwarding Market Share, Nigeria Freight Forwarding Market Size, Nigeria Freight services End user demand, Nigeria GDP Growth from Freight Forwarding, Nigeria Integrated Logistics Market Revenue, Nigeria International Freight Market Share, Nigeria Land and Sea Freight Market Revenue, Nigeria land sea air freight Cost Comparison, Nigeria Logistics and Warehousing Industry, Nigeria Logistics and Warehousing Market, Nigeria logistics and warehousing services, Nigeria Logistics Market Research Report, Nigeria Oil Transportation Revenue Market, Nigeria Rail Freight Revenue, Nigeria Rail Freight Revenue Share, Nigeria Road and Rail Freight Market Revenue, Nigeria Sea Freight Forwarding Market, Nigeria Transportation Major Companies, Number of Seaports in Nigeria, Pipeline Freight Forwarding charges Nigeria, Pipeline Transport Revenue Market Nigeria, Redstar logistics Market Share Nigeria, Revenue earned by Nigeria freight companies, Road Freight Industry Nigeria, Third Party Logistics in Nigeria, TSL Logistics Freight Revenue Nigeria, UPS Nigeria Logistic Market Share