Forecast: Commodities Sales in Non-Store Retailing in Canada

From 2013 to 2023, commodities sales in non-store retailing in Canada fluctuated, showing both increases and declines. The highest growth occurred in 2014 and 2017 with an 18.5% year-on-year increase each time. However, significant declines were observed in 2015 (-10.52%) and 2018 (-2.94%). By 2023, the value stood at 25 billion CAD, reflecting a slight 1.17% year-on-year increase. Over the last 5 years (2018-2023), the compound annual growth rate (CAGR) was a modest 1.25%.

Looking forward, the forecast data (2024-2028) indicates a steady but slow upward trend, with the CAGR for this period estimated at 0.8%. The total forecast growth by 2028 is expected to be around 4.04%.

Future trends to watch for include:

  • Technological advancements in e-commerce platforms that could streamline operations and reduce costs.
  • Changing consumer behavior towards online shopping and its impact on sales volume.
  • Potential economic fluctuations that may affect consumer spending power and retail sales.
  • Regulatory changes or trade policies that might influence the non-store retailing market.

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