In 2023, the Cost of Goods Sold (COGS) for Construction, Forestry, Mining, and Industrial Machinery, Equipment, and Supplies Merchant Wholesalers in Canada was approximately 40.9 billion Canadian dollars. Forecasts indicate a steady upward trend, with COGS expected to rise to 41.507 billion Canadian dollars in 2024, then gradually increasing to 44.028 billion by 2028. This represents a compound annual growth rate (CAGR) over the five-year forecast period.
Future trends to watch for include:
- Potential impacts of economic policies and construction regulations.
- Technological advancements in machinery that could affect demand and costs.
- Fluctuations in commodity prices influencing supplier costs.
- Environmental considerations impacting the supply chain.
