Analysis of non-store retailers' sales in Canada shows a fluctuating uptrend between 2013 and 2023, culminating at 25.162 Billion CAD in 2023. Early shortcuts include a substantial rise of 17.92% in 2014, a decrease of 10.43% in 2015, and a notable surge of 18.61% in 2017. The sector experienced a significant drop of 15.94% in 2020 due to the pandemic, followed by recovery phases in the ensuing years, with increments such as 15.87% in 2021 and 6.52% in 2022. In 2023, a modest 1.16% increase was observed. The forecast 5-year CAGR stands at 0.93%, indicating moderated growth expectations through 2028.
Future trends to watch for include:
- Post-pandemic recovery stabilization
- Expansion of e-commerce and digital platforms
- Shifts in consumer behavior favoring non-store retail channels
- Technological advancements and their impact on retail sales
- Macroeconomic factors influencing disposable incomes and spending patterns
