The Uganda Freight Forwarding Market contributes most to the logistics market of the country owning to a total of ~ percentage of the total revenue of the market. The freight forwarders specialize in transporting goods as well as their storage. They usually provide a full range of services such as tracking inland transportation, preparation of shipping and export documents, booking cargo space, negotiating freight charges, freight consolidation, cargo insurance, and filing of insurance claims.
The market is concentrated amongst a few international players as the domestic players lack the capital to capture the market. The market size of the freight forwarding market has seen a fall from USD ~ Million in 2013/14 to USD~ Million in 2017/18. Lack of infrastructure, underutilization of railways and government policies which increased the tax slabs for products had affected the market causing it to fall.
The government has had a number of plans in order to help the market grow. Some of the major plans including The Master Plan on Logistics in the Northern Economic Corridor 2011-2030 whose main objectives include:-
- a) Modal shift function among rail, truck, and inland waterway
- b) Container depot function to reduce export cost
- c) Logistic service including warehouse, the distribution center, and one-stop-shop.
As the country is landlocked multimodal transportation is used extensively. Majority of the cargo which comes till Mombasa is brought into the country using roadways. Railways, despite being the cheapest mode of transportation aren’t proffered due to their poor connectivity.
Uganda Freight Forwarding Market and Segmentation
Revenue Freight (Road, Rail, and Air)
In Uganda Freight Forwarding we have considered road, rail and air freight as it is landlocked. The former dominated the market with a revenue share of ~% in 2017/18. It was followed by air freight with a total revenue of USD ~ Million in 2017/18. The railways captured the least revenue share of ~% in Uganda Freight Forwarding.
Revenue Freight (Domestic and International)
International freight forwarding accounted for larger revenues share in overall Uganda Freight Forwarding Market, accounting for a share of ~% in the year 2017/18.
Revenue Freight by Flow Corridors
In Uganda Freight Forwarding we found that the Asian region dominated the market in terms of major flow corridors (in terms of revenue), which is followed by the Common Market for Eastern and Southern Africa (COMESA) region with ~% share, European Union with ~%, Middle East with ~% share, North American Region with ~% and others.
Revenue Freight by End Users
The food, beverages and consumer retail industries in Uganda helped drive the freight forwarding market the most owing to percentage revenue of ~% with revenue of USD ~ Millions. It’s followed by the Automotive industry with a revenue percentage of ~%, Healthcare with a revenue of USD ~ Million and others with a revenue of USD ~ Million in 2017/18.
Revenue Freight by 3PL and Integrated Logistics
The Uganda Freight Forwarding Market has been dominated by 3PL holding a larger revenue percentage of ~% and total revenue of USD ~ Million in 2017/18. The Freight forwarding market of Uganda is highly concentrated with a few international players having high dominance. The domestic players till date are unable to have a reasonable market share due to lack of capital and as a result, they outsource their services.
Uganda Freight Forwarding Market Future Outlook and Projections
The Uganda Freight Forwarding Market is expected to grow at a CAGR of ~%. This is due to the infrastructural developments the government has currently made. The total market is expected to grow and reach a total of USD ~ million by 2022/23.
Road freight is still estimated to have the largest revenue percentage owing to a total of USD ~ million. International freight is expected to be more than domestic freight.
The main growth drivers are the infrastructural developments that the government made. The adoption of new technologies will allow cargo to be handled better and allow timely delivery. A new international airport at Hoima will enable the air freight to expand. Till now it was only Entebbe International Airport which handled the air freight in Uganda.
Key Segments Covered:-
Freight Forwarding Market By
Freight Revenue by Mode
Road Freight (Revenue, Cost, Major Developments, Road Categories, Major Products transported, Major Companies
Rail Freight (Revenue, Volume, Railway Network, Major Product’s transported, major companies)
Air Freight (Revenue, Cargo Traffic, Cost, Import and Export of Mails, Commercial-Non commercial movements, Major products transported, Major Companies)
Revenue by Freight
Domestic Freight (Revenue, Road Freight, Air Freight, Rail Freight)
International Freight (Revenue, Road Freight, Air Freight, Rail Freight)
Freight Revenue by Flow Corridors
Common Market for Eastern and Southern Africa (COMESA) Region
Others (includes South/Central America, other African regions)
Freight Revenue by Contract Logistics and Integrated Logistics
Freight Revenue by End Users
Food, Beverages and Consumer Retail
Others (includes construction, chemicals, and others)
Key Target Audience
Express Logistic Companies
E-commerce Logistics Companies
Contact Logistics Companies
Mail/ Courier/ Postal Companies
Time Period Captured in the Report:-
Historical Period: 2013-14 to 2017-18
Forecast Period: 2018-19 to 2022-23
Bollore Transport and Logistics Uganda
Spedag Interfreight Uganda Ltd
Maersk Uganda Ltd
Kenfreight Uganda Ltd
CMA CGM Uganda Ltd
Union Logistics Uganda Ltd
Key Topics Covered in the Report:-
Freight Forwarding Trucking Companies Uganda
Ocean Freight Revenue Uganda
Freight Forwarding Industry Uganda
Freight Forwarding Industry in Uganda
Uganda Freight Forwarding Market Revenue
Uganda Freight services End-user demand
Revenue Rail Freight Market Uganda
3PL and Integrated Logistics Market Uganda
Uganda E-commerce logistics market research report
For More Information, Refer To Below Link:-
Related Reports by Ken Research:-
Philippines Logistics and Warehousing Market Outlook to 2024 – By Freight Forwarding (Air, Sea, Land), Domestic and International Freight Flow Corridor; By Warehousing (Industrial/Retail Freight, Container Freight, Cold Storage, Agriculture, and Others), Express and E-commerce Logistics, Balikbayan Box, Third Party Logistics
Ankur Gupta, Head Marketing & Communications