The turnover in the UK wholesale sector, specifically on a fee or contract basis, is forecasted to increase steadily from £69.98 billion in 2024 to £82.33 billion by 2028. When assessing year-on-year growth, the sector shows a progressive increase of approximately 4.6% annually. This consistent increase indicates a robust upward trend. As for the compound annual growth rate (CAGR) over the five-year span from 2024 to 2028, it demonstrates a consistent growth pattern aligning closely with the year-on-year figures.
Future trends to watch for include:
- The impact of digital transformation on supply chain efficiency.
- Potential shifts due to economic policy changes post-Brexit.
- Trends in consumer demand influencing wholesale dynamics.
