In 2023, France led in European environmentally related tax revenue from energy taxes in pharmaceuticals with $99.44 million, showing a 1.41% growth over the previous year. Switzerland and the UK followed, with revenues of $36.94 million and $26.23 million, growing by 2.6% and 3.49%, respectively. Notably, Bulgaria saw a significant drop of 23.85%. Over the last five years, the compound annual growth rate (CAGR) indicates overall stability and minor growth, highlighting Greece with a 4.78% increase as an exception.
Future trends to watch include potential increases in tax revenues due to stricter environmental regulations and shifting manufacturing processes towards green energy, affecting the overall tax revenue landscape in European pharmaceutical manufacturing. Countries may experience varying growth rates based on policy changes and industry adaptation to eco-friendly practices.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Manufacturing of Basic Pharmaceutical Products and Pharmaceutical Preparations by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 99.44 | 2023 | +4.2% | +1.41% | View data |
| 2 | 2 Switzerland | 36.94 | 2023 | +3.35% | +2.6% | View data |
| 3 | 3 United Kingdom | 26.23 | 2023 | +3.51% | +3.49% | View data |
| 4 | 4 Serbia | 23.82 | 2023 | +2.49% | -0.57% | View data |
| 5 | 5 Poland | 18.46 | 2023 | +1.21% | -0.44% | View data |
| 6 | 6 Belgium | 15.39 | 2023 | -8.14% | -7.45% | View data |
| 7 | 7 Greece | 15.39 | 2023 | +2.85% | +4.78% | View data |
| 8 | 8 Austria | 13.88 | 2023 | +2.74% | +0.43% | View data |
| 9 | 9 Ireland | 5.23 | 2023 | +5.6% | -6.13% | View data |
| 10 | 10 Romania | 3.39 | 2023 | +3.27% | +3.04% | View data |
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