In 2023, Italy led European countries in environmentally related tax revenue from transport within the wood manufacturing sector, with $17.39 million, although it experienced a 2.65% decrease from the previous year. The United Kingdom and Sweden followed, with the UK facing an 8.37% decline, while Sweden saw a modest 3.04% increase. Denmark recorded the highest positive variation at 7.66%. Conversely, the Czech Republic showed a significant decrease of 8.81%. Over the last five years, the sector has experienced varied performance across countries, with a compound annual growth rate fluctuating due to economic and environmental policy modifications.
Future trends may include increased emphasis on sustainability and greener transportation solutions, potentially impacting environmentally related tax revenues. As EU policies evolve towards stricter environmental regulations and carbon reduction targets, countries may witness shifts in these tax revenues, driven by enhanced eco-friendly practices and technological advancements in the wood manufacturing industry.
Top countries in Environmentally Related Tax Revenue from Taxes on Transport in Manufacturing of Wood, of Products of Wood and Cork (Except Furniture), of Articles of Straw and Plaiting Materials by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 17.39 | 2023 | -1.43% | -2.65% | View data |
| 2 | 2 United Kingdom | 3.45 | 2023 | -12.86% | -8.37% | View data |
| 3 | 3 Sweden | 3.34 | 2023 | +0.2% | +3.04% | View data |
| 4 | 4 Slovakia | 2.14 | 2023 | +2.64% | +2.93% | View data |
| 5 | 5 Denmark | 2.1 | 2023 | +0.031% | +7.66% | View data |
| 6 | 6 Czech Republic | 1.91 | 2023 | -5.21% | -8.81% | View data |
| 7 | 7 Netherlands | 1.76 | 2023 | -2.77% | -5.72% | View data |
| 8 | 8 Romania | 0.9 | 2023 | -0.82% | -3.32% | View data |
| 9 | 9 Serbia | 0.58 | 2023 | +1% | +0.88% | View data |
| 10 | 10 Hungary | 0.53 | 2023 | +1.13% | -2.37% | View data |
