In 2023, France led the European environmentally related tax revenue in the manufacturing of chemicals, basic pharmaceuticals, and preparations from transport taxes, with a value of 66.81 million USD. Notable countries include Germany at 37.6 million USD, and Italy at 9.3 million USD. The year-on-year variations show significant declines in several countries such as France (-5.73%) and Greece (-11.94%), while some, like Slovenia, experienced a positive growth of 16.32%. Over the last five years, diverse trends with varying compound annual growth rates were seen, highlighting fluctuating environmental tax policies and market responses.
Future trends to watch include the potential impact of tightening regulatory environments on transport tax revenues in the manufacturing sector and the effects of increased adoption of green technologies which may influence future taxable bases and consequently, tax revenue collection across Europe.
Top countries in Environmentally Related Tax Revenue from Taxes on Transport in Manufacturing of Chemicals, Basic Pharmaceuticals and Preparations by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 66.81 | 2023 | -4.79% | -5.73% | View data |
| 2 | 2 Germany | 37.6 | 2023 | -0.52% | -1.14% | View data |
| 3 | 3 Italy | 9.3 | 2023 | -0.054% | -0.27% | View data |
| 4 | 4 Austria | 8.39 | 2023 | +3.35% | +3.04% | View data |
| 5 | 5 Belgium | 8 | 2023 | -2.06% | -2.69% | View data |
| 6 | 6 United Kingdom | 5.15 | 2023 | -2.26% | -1.62% | View data |
| 7 | 7 Switzerland | 4.08 | 2023 | -0.41% | -2.18% | View data |
| 8 | 8 Ireland | 2.83 | 2023 | +12.55% | -9.24% | View data |
| 9 | 9 Hungary | 2.54 | 2023 | +1.98% | -1.61% | View data |
| 10 | 10 Portugal | 1.8 | 2023 | -1.48% | -3.3% | View data |
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