The forecast for the UK's Textile and Leather sector final electricity consumption shows a steady decline from 224.0 in 2023 to 206.94 in 2028, measured in thousand tonnes of oil equivalent. Year-on-year variations indicate a gradual reduction, with declines of 1.2% from 2024 to 2025 and continuing at a similar rate each year. The compound annual growth rate (CAGR) over the five years is projected at -1.8%, highlighting an ongoing contraction in energy usage within this sector.
Future trends to watch for include:
- The impact of technological advancements in energy efficiency that may further reduce energy consumption.
- Potential shifts in consumer behavior and market demands affecting production volumes.
- Environmental regulations prompting the sector to adopt sustainable practices and thus altering energy use.