In 2023, air freight volume in Nigeria stood at 1.60 million tonne-kilometers. Forecasted data suggest a steady but modest increase in the upcoming years: 1.61 in 2024, 1.62 in 2025, maintaining 1.62 in 2026, 1.63 in 2027, and 1.63 in 2028. This reflects a year-on-year growth rate of approximately 0.62% from 2024 to 2025 and 0.62% again from 2025 to 2026, tapering to 0.62% from 2026 to 2027, and stabilizing thereafter. The cumulative average growth rate (CAGR) projected for this five-year period is around 0.53% per year.
Future trends to watch for:
- Technological advancements in logistics and supply chain management.
- Economic growth and industrial expansion in Nigeria.
- Regulatory changes and their impact on air freight operations.
- Global trade dynamics and partnerships influencing volume.
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