Forecast: Textile and Leather Sector Final Consumption of Natural Gas in the UK

The consumption of natural gas in the UK's textile and leather sector is forecasted to decline significantly over the coming years. From 2023, the forecasted values indicate a consistent year-on-year decrease. With the 2023 consumption level as a baseline, the sector's natural gas use is expected to decrease by approximately 10% annually from 2024 to 2028. This trend suggests a shift towards more energy-efficient practices or alternative energy sources. Over the five-year period, a CAGR of -12% is anticipated, highlighting a substantial reduction in natural gas reliance within the industry.

Future trends to watch for:

  • The potential rise in renewable energy adoption and technological advancements aimed at energy efficiency.
  • Government regulations and incentives that may further drive energy transition within the industry.
  • Market adaptations and how the textile and leather sector responds to energy consumption challenges.

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