APM Terminals Reports Highest Monthly Export Volume in Two Decades

Strategic Insights -

APM Terminals Apapa, the largest concessionaire of Nigeria's Apapa port in Lagos, has achieved a significant milestone with its highest monthly export volume in two decades. In April, the terminal processed 8,687 Twenty-foot Equivalent Unit (TEUs) of export cargo, a 30% increase from the same period in 2024. The terminal's export volumes have been steadily increasing over the past four years, with a notable surge in demand for Nigerian agricultural products, solid minerals, and manufactured goods.

Key Takeaways:

  • APM Terminals Apapa processed 8,687 TEUs of export cargo in April, its highest monthly volume in two decades.
  • The terminal's export volume increased by 30% compared to April 2024, with a significant portion of the exports being agricultural products such as cocoa beans, sesame seeds, cashew nuts, and rubber.
  • Steen Knudsen, terminal manager at APM Terminals Apapa, attributed the rise in export volume to recent operational improvements, including the launch of a new rail service in February and expanded yard capacity for exports.
  • The terminal's export volume has increased steadily over the past four years, from 53,807 TEUs in 2022 to 77,631 TEUs in 2024.
  • APM Terminals Apapa is a key gateway for Nigeria's non-oil exports, processing a mix of solid minerals and manufactured goods.
  • The terminal's operational improvements, such as dedicated truck lanes and streamlined processes, have reduced the time exports spend in the terminal and ensured timely ship departures.

Statistics:

  • 8,687 TEUs: APM Terminals Apapa's highest monthly export volume in two decades (April 2024).
  • 30%: Increase in export volume compared to April 2024.
  • 255,165 TEUs: Total export volume processed by APM Terminals Apapa over the past four years (2022-2024).
  • 53,807 TEUs: APM Terminals Apapa's export volume in 2022.
  • 70,432 TEUs: APM Terminals Apapa's export volume in 2023.
  • 77,631 TEUs: APM Terminals Apapa's export volume in 2024.
  • 30,000 TEUs: Apapa port's capacity to process export containers by 2025 (projected).

Sources:

  • "APM Terminals reports highest monthly export volume in two decades." APM Terminals official announcement (unpublished source).

Note: The APM Terminals official announcement does not provide a publication date, so it is cited as an unpublished source.