The Canadian wholesale output, excluding motor vehicles and motorcycles, is forecasted to grow steadily, reaching 183.32 billion CAD by 2028. The year-on-year growth rates for 2024 through 2028 are approximately 1.82%, 1.78%, 1.72%, and 1.69%, respectively, indicating a softening growth trajectory. In 2023, this sector stood at 168.0 billion CAD, reflecting a progressive enlargement.
Future trends to watch for:
- Potential impacts of technological disruption and e-commerce expansion on traditional wholesale operations.
- Regulatory shifts and environmental concerns impacting wholesale practices and supply chain strategies.
- Economic factors such as inflation, global trade policies, and currency exchange rates that could influence growth.