The forecast for the cost of goods sold by beverage merchant wholesalers in Canada indicates a steady increase from 2024 to 2028, starting at 7.7005 billion CAD in 2024 and reaching 8.8706 billion CAD by 2028. The year-on-year growth is relatively stable, reflecting a consistent upward trend in the industry driven by factors such as inflation, increased demand, and possible supply chain adjustments. Given the lack of 2023 data, direct comparisons are limited, but forecasts imply a growth pattern with a compound annual growth rate (CAGR) that signifies a modest yet stable rise over the five-year period.
Future trends to watch for include potential impacts of global economic conditions on Canada's import costs, technological advancements in supply chain management that may affect cost efficiencies, and the evolving consumer preferences towards healthier and sustainable beverage options that could influence wholesale costs.
