In 2023, the Textile and Leather Sector's final consumption of electricity in Germany stood at approximately 1.64 thousand gigawatt-hours. Forecasts indicate a declining trend from 2024, with consumption projected to decrease year-on-year by about 6.92% in 2025, 8.11% in 2026, and 8.09% in 2027, reaching an annual consumption of 1.13 thousand gigawatt-hours by 2028. The compound annual growth rate (CAGR) from 2023 to 2028 is approximately -6.49%, highlighting a consistent reduction in electricity consumption in this sector.
Future trends to watch for include:
- Adoption of energy-efficient technologies.
- Impact of regulatory changes on energy consumption patterns.
- Increased focus on sustainability and potential shifts in production processes.
- Market and consumer demand influences as sustainability becomes central to business strategies.
