Forecast: Electricity Consumption in Manufacture of Furniture in China

The forecasted electricity consumption in the manufacture of furniture in China presents a steady upward trajectory from 2024 to 2028. In 2023, the actual consumption was lower than the forecasted value for 2024, suggesting an anticipated increase in energy requirements moving forward. Between 2024 and 2025, a year-on-year increase of 3.53% is expected. This trend is consistent from 2025 to 2026 with a rise of 3.39%, slightly tapering from 2026 to 2027 at 3.26%, and a 3.15% increase from 2027 to 2028. Over these five years, the compound annual growth rate (CAGR) stands at 3.43%.

Future trends to watch for include:

  • Technological advancements in furniture manufacturing, potentially impacting energy efficiency.
  • Government policies on energy consumption and environmental impact in manufacturing.
  • Shifts in global economic conditions affecting production levels and energy needs.
  • Trends in consumer demand for furniture both locally and internationally.

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