Flower & Nursery Stock Wholesaling in Canada
Over the five years to 2017, increasing residential renovation expenditure, rising per capita disposable income and increased demand for horticulture stimulated industry growth after the economic downturn left industry operators with declining revenue. However, the industry continues to experience significant pressures from wholesale bypass, which has had a stunting effect on industry performance during the current period. Despite favourable economic conditions, industry growth is forecast to stagnate over the five years to 2022. Due to the threat of wholesale bypass, industry operators risk losing business if they do not offer competitive prices. Total plant and flower imports are expected to increase alongside the anticipated appreciation of the Canadian currency. This will pose further pricing pressures on industry operators, who must compete with less expensive foreign goods.
Operators in this industry sell flowers, nursery stock and florist supplies. Distributors purchase flowers and nursery stock from farmers, and they also purchase florist supplies from various manufacturers. This industry does not grow flowers or plants, nor does it distribute Christmas trees, plant seeds or bulbs.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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