no, "consuming trends" would refer to a way that the trends are being "eaten" or "consumed"

You want "consumption trends" that is the increase/decrease of the consumption of whatever material you are debating.

I agree with Bill's response.

"consuming" in the phrase "consuming trends" is the adjective form of the word "consuming" modifying/describing the noun "trend".

In the adjective form, the word consuming means "obsessive, urgent, intense, strong, preoccupying, engrossing".

So, a consuming trend is a trend that completely occupies a person's attention.

As Bill said, the phrase you need is most likely "consumption trend", i.e., the trend (increase or decrease) use or utilization of goods, materials, or services.