The electricity final consumption in the UK's non-ferrous metal sector is forecasted to decline steadily from 11.4 thousand terajoules in 2024 to 9.25 in 2028. This forecast indicates a year-on-year decrease each year, averaging a compound annual growth rate (CAGR) of around -5% between 2024 and 2028. In 2023, this value stood at 12.0 thousand terajoules, marking a clear trend towards reduced consumption.
Future trends to watch for:
- Increased emphasis on energy efficiency and environmental policies may drive further reductions.
- Technological advancements in metal processing could impact energy consumption rates.
- Changes in production output due to global market demand may alter this trajectory.