The final consumption of natural gas in the UK’s textile and leather sector is forecasted to decline steadily from 2024 to 2028. This marks a sharp negative trend compared to the actual consumption in 2023, which stood at approximately 1.83 thousand gigawatthours. The year-on-year decrease from 2024 to 2025 is projected at about 10.2%; from 2025 to 2026, around 11.4%; from 2026 to 2027, the percentage decrease is approximately 12.1%. The predictable average compound annual growth rate from 2024 to 2028 is a decline of about 11.76%, highlighting a consistent downtrend.
Future trends to watch for:
- Potential shifts towards renewable energy sources in the sector, driven by increased environmental regulations and sustainability initiatives.
- The impact of technological advancements in energy efficiency on reducing natural gas consumption.
- The broader economic impact of these trends on the sector's competitiveness and operational costs.