The final consumption of electricity in the UK's textile and leather sector is forecasted to decrease gradually over the next few years: 2.52 in 2024, reducing consistently to 2.41 by 2028 in Thousand Gigawatt-hours. From 2023, where it stood at 2.55, there is a steady decline. Year-on-year variation shows small contractions, indicative of a cautious, albeit persistent, downtrend. The Compound Annual Growth Rate (CAGR) over this period reflects a negative trajectory, aligning with the broader energy efficiency and sustainability goals.
Future trends to watch include technological advancements that enhance energy efficiency and the impact of evolving regulatory frameworks aimed at reducing carbon footprints within the sector. Additionally, shifts in global demand for textiles and leather goods, as well as potential Brexit-related impacts, could further influence consumption patterns.
