The sales of decorative home furnishings in non-store retailing in Canada have shown a varied trend from 2013 to 2023. Starting at 125.93 million CAD in 2013 and reaching 210.1 million CAD in 2023, the sector experienced significant growth, occasional declines, and moderate upward trends in the latter years. The growth rates show notable fluctuations, with a high increase of 24.2% in 2014 and a decrease of 8.59% in 2016. Over the last five years, ending in 2023, the compound annual growth rate (CAGR) stood at 2.19%, indicating modest growth.
Future trends to watch for:
- The sector is forecasted to reach 230.01 million CAD by 2028, with an anticipated 5-year CAGR of 1.36%.
- This implies a steady, albeit slow, growth trajectory over the next five years, with an overall forecasted 5-year growth rate of 6.98%.
