The projected output for the Canadian wholesale sector (excluding motor vehicles and motorcycles) sees a steady growth from 2024 to 2028, starting at 174.55 billion Canadian dollars in 2024 and reaching 188.01 billion by 2028. The year-on-year growth rates range between approximately 1.96% and 1.79%, indicating a slight decline in growth pace. In 2023, the output stood at 171.15 billion Canadian dollars.
The compound annual growth rate (CAGR) over this period is about 1.9%, suggesting a healthy yet gradual expansion.
Future trends to watch for include:
- Technology advancements impacting supply chain efficiencies.
- Shifts in consumer behavior affecting wholesale demand.
- Economic factors like interest rates and trade policies influencing market dynamics.