As of 2023, the UK's wholesale sector, excluding motor vehicles and motorcycles, generated an output of 165.0 billion pounds. From the data provided, the sector is expected to grow annually, reaching 180.04 billion pounds by 2028. The year-on-year growth indicates a steady increase of around 1.8% to 1.9% annually from 2024 to 2028. The projected compound annual growth rate (CAGR) for this period is approximately 1.8%.
Future trends to watch for in the UK wholesale sector include:
- Emerging technologies transforming supply chain processes.
- Potential impact of economic policies on trade and tariffs.
- Shifts towards sustainable and ethical sourcing in response to consumer demand.
