Between 2013 and 2023, the Grocery, Liquor, and Tobacco Product Wholesaling Value Added in Australia showed a positive long-term trend, rising from AUD 7.79 billion to AUD 10.66 billion, despite some fluctuations. The year-on-year variations illustrate periods of growth and decline, notable being the declines in 2015 and 2023. Specifically, the value slightly decreased by 1.17% in 2023. Over the past two years (2022-2023), the average year-on-year variation stood at 4.18%. The compound annual growth rate (CAGR) over the last five years has been robust at 3.95%.
The forecast for 2024 to 2028 anticipates continued growth, with a five-year CAGR projected at 2.26%, reaching an estimated AUD 12.29 billion by 2028. The overall growth rate for this period is expected to be 11.84%.
Future trends to watch for include:
- Shifts in consumer preferences and purchasing behaviors impacting wholesale demand.
- The influence of e-commerce on traditional wholesale channels.
- Regulatory changes affecting product categories like tobacco and liquor.
- Price fluctuations in global supply chains impacting wholesale pricing strategies.
