The forecasted consumption of solid fossil fuels in the UK’s textile and leather sector indicates a consistent downward trend from 2024 to 2028. In 2023, the consumption stood at 28.70 thousand tonnes of oil equivalent. The forecasts predict a year-on-year decrease, with the consumption expected to drop by approximately 5.5% annually during this period. The compound annual growth rate (CAGR) over this five-year span is projected to illustrate a steady decline.
Future trends to watch for:
- Advancements in sustainable technologies that could further accelerate the reduction in fossil fuel dependency.
- Regulatory changes and environmental policies promoting cleaner energy alternatives could impact future consumption.
- Consumer demand for sustainable products may drive further cuts in fossil fuel use within the sector.