Forecast: Electricity Final Consumption in Textile and Leather Sector in Germany

The electricity final consumption in the textile and leather sector in Germany is forecasted to see a gradual decline from 2024 to 2028. Specifically, from 2024's prediction of 162.96 thousand tonnes of oil equivalent, it is expected to decrease to 158.67 thousand tonnes of oil equivalent by 2028. This trend reflects a consistent year-on-year decrease, highlighting an average compound annual growth rate (CAGR) of about -0.67%. In 2023, the consumption stood at 164.0, suggesting a continuation of the declining pattern observed in the previous years.

Future trends to watch for include:

  • Increased investment and integration of energy-efficient technologies within the sector.
  • Potential regulatory changes aimed at reducing energy consumption and CO2 emissions.
  • Shifts towards more sustainable practices and alternative energy sources driven by consumer demand and environmental policies.

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