The turnover in the Retail Sale Via Stalls and Markets Sector in Malta reached 40.5 million Euros in 2023. The sector experienced variability over the past few years, notably dropping by 13.87% in 2018, followed by a slight recovery in the subsequent years. Between 2022 and 2023, the year-on-year variation was minimal at 0.5%, while the compound annual growth rate (CAGR) over the last five years stood at 2.73%.
Looking ahead, forecasts suggest a stable but slow growth trajectory. The turnover is expected to reach 40.8 million Euros by 2028, with a forecasted five-year CAGR of 0.1% and a growth rate of 0.49%.
Future trends to watch for:
- Continued recovery from past declines coupled with stabilization in the market.
- Potential impact of economic policies and consumer behavior changes on market growth.
- Technology adoption and e-commerce integration in the traditional market dynamics.