Business

Nigeria’s air freight to hit $5.6bn by 2029 on rising exports, digital trade

Nigeria’s air freight market is projected to reach $5.6 billion by 2029, driven by the rapid expansion of small business exports, social commerce, and cross-border digital trade, according to a new report by Topship.

The report by Topship, Africa’s leading digital shipping platform, published by the African Shipping Outlook 2025, estimates that the market grew from $3 billion in 2024, positioning Nigeria as one of the fastest-growing air freight hubs globally.

Beyond Nigeria, the report points to a broader structural shift across the continent. African businesses, particularly small and medium-sized enterprises, are increasingly bypassing traditional export bottlenecks by selling directly to international customers using digital platforms and modern logistics networks.

From Lagos-based fashion brands to Nairobi beauty startups and Accra food processors, African entrepreneurs are now shipping products directly to cities such as London, New York, and Houston at speeds and volumes that were previously unattainable.

“What began as informal parcel networks — friends carrying goods in suitcases and fulfilling WhatsApp orders through personal connections — has formalised into a tiered logistics ecosystem,” said Moses Enenwali, chief executive officer and co-founder of Topship.

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“The African Shipping Outlook 2025 puts numbers to what we have been seeing on the ground. The opportunity is real, it is growing, and it belongs to African businesses.”

The data highlights the scale of this transformation. Africa’s air cargo demand rose 15.6 percent year-on-year as of November 2025, the fastest growth rate globally, while social commerce expanded at an average of 51 percent annually between 2021 and 2024.

Nigeria is also seeing strong export momentum within the continent, with exports to African markets reaching N4.82 trillion in the first half of 2025, a 14 percent year-on-year increase.

The report identifies four sectors; fashion, food, beauty, and consumer electronics — as the primary engines of export growth. Africa’s social commerce fashion market is projected to grow from $3.5 billion in 2024 to $9.4 billion by 2028, while the Nigerian diaspora food corridor is already valued at between $300 million and $500 million, growing at up to 12 percent annually.

In the beauty segment, exports of African ingredients and finished products are expected to reach $2 billion by 2030, reflecting rising global demand for natural and locally sourced products. Meanwhile, the continent’s mobile-first economy, with over 650 million smartphones in circulation, continues to drive cross-border demand for consumer electronics.

The report also highlights increasing international investor confidence in Africa’s trade potential. Logistics giant DHL Group committed more than €300 million to the continent in 2025, citing Sub-Saharan Africa as the world’s fastest-growing trade region in the first half of the year.

Topship said its platform is helping to accelerate this shift by simplifying cross-border logistics for African businesses through a single digital interface that integrates air, sea, and land freight options, real-time pricing, automated documentation, and end-to-end tracking.

The company noted that as logistics infrastructure continues to improve and digital adoption deepens, Africa’s export economy is entering a new phase, one defined not by large corporates alone, but by a rapidly scaling base of globally connected small businesses.