The COVID-19 outbreak put a massive restraint on the global wholesale market with supply chain disruptions amid the government-imposed lockdowns worldwide. Moreover, the Russia-Ukraine war also led to economic sanctions on multiple countries, affecting global trade.
However, despite the macroeconomic barriers, the global wholesale market managed to grow at an 8.2% CAGR over the past year to $45.50 trillion in 2022 and is expected to reach $57.51 trillion by 2026.
