The forecasted Gross Value Added (GVA) for the wholesale sector in Canada, excluding motor vehicles and motorcycles, demonstrates a steady growth from 2024 through 2028. Notably, the sector's GVA stood higher year-on-year with values increasing from 106.81 billion CAD in 2024 to 113.82 billion CAD in 2028. Given this consistent upward trajectory, the Compound Annual Growth Rate (CAGR) from 2024 to 2028 is indicative of robust sector performance.

Future trends to watch for:

Technological advancements and digitization in supply chains, potentially enhancing efficiency.
Changing trade regulations and their impact on cross-border wholesale activities.
Fluctuations in commodity prices that may influence wholesale valuations.
Adaption to sustainable practices as consumer preferences shift towards more eco-friendly products.