Retail and wholesale trade

In this section, analysis is provided for both the Northern Territory's (NT) retail and wholesale trade industries. It explores the current state, performance and activity of each sector. The main retail categories are food, household goods, clothing, footwear and personal accessories, newspaper and books, other recreational goods, pharmaceuticals cosmetics and toiletries, and cafes restaurants and takeaway food. The wholesale industry makes up a significantly smaller share of employment relative to retail trade and relates to industrial storage and equipment, transport and food wholesaling.

Economic contribution | Contribution to employment |  Retail trade | Wholesale trade | Explanatory notes

Retail trade is largely influenced by household expenditure, disposable income and consumer spending habits, which typically follow movements in population, employment, wages and the residential market conditions.

Wholesale trade is the sale of new or used goods to businesses and institutional users, but excludes government users. Activity in the NT’s wholesale trade industry is mainly in industrial storage and equipment, transport and food wholesaling. The Australian Bureau of Statistics (ABS) does not publish disaggregated data on wholesale trade by jurisdiction.

Economic contribution

In 2018-19:

• the retail and wholesale trade industry declined by 1.6% to $1.2 billion in real terms (Chart 1)
• as a percentage share of gross state product (GSP), the industry contributed 4.4%, below the 10‑year average of 5.0%.

Contribution to employment

In 2018‑19:

• employment in retail and wholesale trade in the NT declined by 3.6% to 13,046 persons
• the share of total resident employment increased to 9.9% of the total NT workforce
• 82.3% were employed in retail trade compared to wholesale trade (17.7%)
• nationally, the share of total employment (13.1%), has trended downward since 2012‑13.

In the year to November 2019:

• retail and wholesale industry employment increased by 9.8% collectively, and remains the Territory’s third largest employing industry
• employment in the wholesale trade sector increased by 28.8%, and retail industry increased by 5.7% (Chart 2).

Retail trade

In the year to January 2020:

• retail turnover decreased by 0.5% to $3.1 billion in the NT (real terms) (Chart 3)
• the largest detractors to retail trade in the NT were household goods (-1.77 percentage points (ppt)), pharmaceutical, cosmetics and toiletry (-0.58 ppt) and cafe, restaurants and takeaway food (-0.23 ppt) (Chart 4)
• the only positive contributor to retail trade in the NT was food retailing (up 0.37 ppt)
• for the latest available data and analysis about the NT’s retail market, see the Department of Treasury and Finance’s Retail trade economic brief.

Wholesale trade

In 2018-19:

• wholesale trade sector in the NT made up 42.8% of the retail and wholesale trade industry compared to 47.2% nationally
• the industry decreased by 0.9% to $524 million in the NT, compared to a 1.0% increase nationally (Chart 5).

Explanatory notes

• The analysis on the components of retail activity is based on ABS data on retail trade, which is measured on a different basis to the GSP data. For the latest available data and analysis about the NT’s retail market, see the Department of Treasury and Finance’s Retail trade economic brief. This quarterly release is based on chain volume or inflation adjusted estimates and differs from the monthly statistics which are based on current prices.
• There is no corresponding economic brief for wholesale trade industry and the ABS does not publish disaggregated data on wholesale trade by jurisdiction.
• The ABS provides useful information and sources about the retail industries. The publication presents an estimate value of retail trade turnover for Australian businesses classified by industry, state and territory.