In 2023, Germany led the European market with the highest environmentally related tax revenue in the manufacturing of basic metals and fabricated metal products, estimated at 22.8 million USD PPP. Poland and Romania followed, showing significant year-on-year increases, 8.92% and 8.05% respectively. In contrast, Spain witnessed a decline of 2.18%. Iceland demonstrated the most substantial growth rate at 38.13%, though starting from a small base. Over the last five years, a general upward trend has been observed in sectors like Germany, Poland, and Sweden, reflecting a shift towards increased environmental taxation across Europe.
Future trends include:
- Continued growth in environmental tax revenues driven by policy initiatives and public pressure for sustainable practices.
- Increased differentiation in tax policies among countries, leading to varied growth rates and focus areas.
- Potential challenges and opportunities associated with fluctuating economic conditions and industry adaptations to environmental standards.
Top countries in Environmentally Related Tax Revenue from All Environmental Taxes in Manufacturing of Basic Metals and Fabricated Metal Products (Except Machinery and Equipment) Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 22.8 | 2023 | +1.97% | +5% | View data |
| 2 | 2 Poland | 22.14 | 2023 | +4.15% | +8.92% | View data |
| 3 | 3 Romania | 16.48 | 2023 | +3.43% | +8.05% | View data |
| 4 | 4 Spain | 10.85 | 2023 | +0.66% | -2.18% | View data |
| 5 | 5 United Kingdom | 8.82 | 2023 | +0.11% | +0.075% | View data |
| 6 | 6 Netherlands | 4.97 | 2023 | +1.27% | +2.55% | View data |
| 7 | 7 Sweden | 4.42 | 2023 | +3.63% | +6.25% | View data |
| 8 | 8 Switzerland | 2.36 | 2023 | +2.62% | +2.09% | View data |
| 9 | 9 Portugal | 2.05 | 2023 | +2.41% | +0.4% | View data |
| 10 | 10 Slovenia | 1.43 | 2023 | +10.05% | +5.19% | View data |
