In 2023, Spain led with $34.83 million in environmentally related tax revenue from taxes on pollution in manufacturing rubber and plastic products, followed by France at $26.09 million and Hungary at $21.94 million. The Netherlands, Belgium, Malta, and other countries had significantly lower values, with Latvia, Finland, Estonia, and Bulgaria recording minimal revenue.
The year-on-year trends from 2023 show significant growth in Latvia, Lithuania, and the Czech Republic, with increases of 10.05%, 9.62%, and 9.16% respectively. Spain, Hungary, and the Netherlands also saw positive growth. Conversely, Denmark and Bulgaria experienced downturns, -25.34%, and -21.38% respectively.
Looking into future trends, we can expect increased focus on environmental taxation reforms in Europe, driven by stringent EU regulations on reducing manufacturing emissions. Countries may implement more aggressive tax strategies to incentivize green manufacturing practices, potentially altering market dynamics and encouraging innovation in production processes.
Top countries in Environmentally Related Tax Revenue from Taxes on Pollution in Manufacturing of Rubber and Plastic Products Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 34.83 | 2023 | +11.28% | +4.6% | View data |
| 2 | 2 France | 26.09 | 2023 | -1.18% | -2.46% | View data |
| 3 | 3 Hungary | 21.94 | 2023 | +3.95% | +3.31% | View data |
| 4 | 4 Netherlands | 10.64 | 2023 | -2.88% | +3.25% | View data |
| 5 | 5 Belgium | 1.63 | 2023 | -2.98% | -2.78% | View data |
| 6 | 6 Malta | 1.11 | 2023 | +1.77% | +4.91% | View data |
| 7 | 7 Lithuania | 0.83 | 2023 | +4.61% | +10.05% | View data |
| 8 | 8 Czech Republic | 0.75 | 2023 | +2.11% | +9.16% | View data |
| 9 | 9 Denmark | 0.58 | 2023 | -3.09% | -25.34% | View data |
| 10 | 10 Slovakia | 0.49 | 2023 | +0.46% | -0.074% | View data |
