In 2024, the forecasted Gross Value Added for the UK wholesale sector, excluding motor vehicles and motorcycles, is £95.03 billion, an increase from 2023. The projected year-on-year growth from 2024 to 2025 is approximately 3.94%, reaching £98.78 billion. Continued growth is expected, with values rising to £102.49 billion in 2026 (3.75% increase), £106.17 billion in 2027 (3.6% increase), and £109.81 billion in 2028 (3.43% increase). The compound annual growth rate (CAGR) for this period is anticipated to be around 3.67% over the five years from 2024 to 2028.
Future trends to watch include:
- The impact of evolving trade policies and economic conditions on wholesale activities.
- Technological advancements driving efficiency and cost reductions within the sector.
- Shifts in consumer demand patterns influencing wholesale volumes and value.