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

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.

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