The World’s Fastest-growing Freight Market

This year’s WCAworld Regional conference is a perfect opportunity to benefit your company by establishing yourselves as a major player in the world’s fastest-growing logistics region.

A huge focus is currently placed on the accelerating export/import volumes with Africa, which IATA has forecast a robust growth rate of 5.1% per year over the next decade. In fact, this year Africa already tops the growth charts globally with air cargo rising in February by 22% and Intra-African air cargo jumping 42.3%.

Ocean freight is also seeing a boom with healthy growth on trade lanes to/from Africa. North Africa is expanding particularly strongly from 2024-27, with Asia-North Africa set to be the fastest-growing trade lane globally with an annual rise in ocean freight of 4.8 percent. Europe to Africa annual TEUs are also predicted to rise to over 4 million by 2027.

E-commerce is a significant growth driver, with Africa witnessing exponential increases in online retail. The surge in digital platforms, increased internet penetration, and the young, tech-savvy populations are fuelling this e-commerce growth. According to Deloitte, e-commerce in Africa should surpass $50 billion by 2028.

With the last delegate places still available, don’t miss out on this generational opportunity and join hundreds of fellow WCAworld agents in exploring the potential of this exciting market. Click the button below to join us.