The output of wholesale (except of motor vehicles and motorcycles) in Sweden has shown a general upward trend from 2013 to 2023, standing at 523.34 billion Swedish Kronas in 2023. From 2013 to 2019, the sector experienced consistent growth, peaking in 2019 before a slight drop in 2020, likely due to the global pandemic. Recovery was strong with a notable increase through to 2023, driven by a combination of economic stabilization and increased demand.
The year-on-year variations highlight this growth trajectory, with notable spikes in 2015 (24.86%), and a downturn in 2020 (-1.95%) due to pandemic impacts. The years 2021, 2022, and 2023 showed steady growth of 6.21%, 3.92%, and 3.73%, respectively. The Compound Annual Growth Rate (CAGR) over the last five years (2023) stands at 3.7%.
Forecasts from 2024 to 2028 predict continuous growth, albeit at a slower pace, with an average annual growth rate (CAGR) of 2.55%, forecasting a total growth rate of 13.42% over these five years.
Future Trends to Watch For:
- Technological advancements and digitalization in wholesale processes
- Changes in consumer behavior and demand due to economic conditions
- Global trade dynamics and their impact on Swedish wholesale exports
- Environmental sustainability practices within the industry
- Regulatory changes and their implications on operations
