In 2023, the electricity final consumption in Italy's textile and leather sector stood significantly below the forecasted figures, setting the stage for expected growth. From 2024 to 2028, the projected figures indicate a steady increase, with consumption rising from 19.24 to 19.63 thousand terajoules. Year-on-year, this reflects a consistent growth rate of approximately 0.5% per annum. Over the forecasted five-year period, the compound annual growth rate (CAGR) similarly suggests a balanced upward trend, maintaining just under 0.5% yearly increase.
Future trends to watch for:
- Technological advancements transforming energy efficiency in manufacturing processes.
- Policy changes and regulatory measures affecting energy consumption, with a focus on sustainability.
- Global economic factors influencing production levels and energy demands in the sector.