Forecasted electricity consumption in the UK textile and leather sector shows a gradual decline, starting at 2.52 thousand GWh in 2024 and decreasing to 2.41 thousand GWh by 2028. This represents a year-on-year decline of approximately 1.2% to 1.3%. Although specific data for 2023 is unavailable, these forecasts suggest a continuous, albeit slight, reduction in electricity consumption. The Compound Annual Growth Rate (CAGR) over the forecasted five-year period suggests a modest decline. This indicates an ongoing trend of efficiency improvements or potential downsizing in the sector.
Future trends to watch for include:
- Technological advancements enhancing energy efficiency.
- Shifts in production methods reducing electricity dependency.
- Potential policy shifts impacting energy consumption patterns.
