In 2023, Germany led in environmentally related tax revenue from transport in chemical manufacturing, generating over $28 million, followed by Italy and Austria at $6.74 million and $5.85 million, respectively. Germany, the United Kingdom, and the Netherlands experienced declines, with the Netherlands facing the biggest decrease at 6.87%. Austria showed significant growth at 3.03%. Smaller markets such as Latvia and Slovakia struggled, while Ireland faced a significant decrease of 10.6%. Latvia, however, increased by 2.91%, showcasing resilience.
Future trends indicate a potential shift towards increased taxation in countries focusing on environmental sustainability. Continued monitoring of policy changes and economic conditions in Europe will be crucial to anticipate revenue fluctuations and growth opportunities in this sector.
Top countries in Environmentally Related Tax Revenue from Taxes on Transport in Manufacturing of Chemicals and Chemical Products by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 28.1 | 2023 | -0.73% | -1.21% | View data |
| 2 | 2 Italy | 6.74 | 2023 | -1.1% | -0.75% | View data |
| 3 | 3 Austria | 5.85 | 2023 | +3.35% | +3.03% | View data |
| 4 | 4 Netherlands | 5.79 | 2023 | +4.77% | -6.87% | View data |
| 5 | 5 Finland | 4.57 | 2023 | +3.54% | -0.56% | View data |
| 6 | 6 United Kingdom | 3.19 | 2023 | -4.26% | -3.17% | View data |
| 7 | 7 Portugal | 1.74 | 2023 | +0.19% | -1.13% | View data |
| 8 | 8 Hungary | 1.22 | 2023 | +2.11% | -1.37% | View data |
| 9 | 9 Ireland | 0.48 | 2023 | +3.2% | -10.6% | View data |
| 10 | 10 Slovakia | 0.38 | 2023 | -3.84% | -2.11% | View data |
