The gross margin for Petroleum and Petroleum Products Merchant Wholesalers in Canada is projected to gradually rise from 4.8% in 2024 to 5.3% by 2028. This steady upward trend represents a compound annual growth rate (CAGR) of approximately 2.5% over the five-year period. The initial margin of 2023 was slightly lower, demonstrating year-on-year improvements.
Future trends to watch for include:
- Global oil price fluctuations and their impact on margins.
- Regulatory changes affecting petroleum distribution and sales.
- Technological advancements in distribution logistics.
- Shifts towards sustainable energy sources may change market dynamics.
