The number of enterprises in the UK's wholesale trade sector, excluding motor vehicles and motorcycles, is forecasted to slightly decline over the next five years. In 2023, the actual number stood at 100.74 thousand enterprises. From 2024 to 2028, the year-on-year decrease is subtle, averaging around 0.29% annually, with the number expected to fall to 99.32 thousand enterprises by 2028. The compound annual growth rate (CAGR) over this period is approximately -0.28%, indicating a modest downward trend.
Future trends to watch for in this sector include:
- Potential impacts of Brexit and regulatory changes on trade dynamics.
- Increasing adoption of digital transformation and e-commerce platforms.
- Shifts in global supply chains due to geopolitical and economic factors.
- Increasing focus on sustainability and green trade practices.
