The operating profit of petroleum and petroleum products merchant wholesalers in Canada is projected to rise incrementally from 2.4 in 2024 to 2.8 by 2028. This consistent growth indicates a stable upward trend, translating to a Year-over-Year (YoY) increase of approximately 4.17% annually. The Compounded Annual Growth Rate (CAGR) over the forecasted five-year period from 2024 to 2028 is expected to sustain around this percentage.
Key trends to watch include:
- Potential impacts of fluctuating crude oil prices on profitability.
- Regulatory changes influencing the energy sector.
- Advancements in green or renewable energy investments affecting traditional petroleum market dynamics.
