Forecast: Energy Consumption in Manufacture of Textile in China

The energy consumption in China's textile manufacturing sector declined from 2020, continuing through 2023 where it stood at 6.64 million tons of standard coal equivalent. A consistent decrease has been seen from 2017, aside from minor fluctuations, with a sharp decline in the recent years, illustrated by reductions over the past two years of approximately 1.7% per annum. Over the past five years, the sector has experienced a compounded annual growth rate (CAGR) of approximately -2.07%.

Looking ahead, the forecast to 2028 projects a continued downward trend, with a forecasted CAGR of about -1.23%. This trend suggests a shift towards more energy-efficient processes or changes in production pipelines in the textile sector. Key future trends to watch for include advancements in energy-efficient technologies, increased governmental regulations on emissions, and shifts in global textile manufacturing that could impact China's energy consumption levels in this sector.