The final consumption of electricity in the UK textile and leather sector is forecasted to decrease steadily from 2024 to 2028. In 2023, the consumption stood at a value of 9.20 thousand terajoules, indicating a downward trend with a year-on-year percentage decrease forecasted at approximately 1.21% annually from 2024 to 2028. The compound annual growth rate (CAGR) over this five-year period shows a consistent decline of about 1.19%.
Future trends to watch for include technological advancements in energy efficiency, potential policy changes influencing industrial energy consumption, and the incorporation of renewable energy sources. These factors could temper the declining consumption trend or lead to fluctuations based on sector adjustments.
