The data from 2023 for European environmentally related tax revenue in manufacturing of basic metals and fabricated metal products, excluding machinery and equipment, reveals that Italy leads with substantial tax revenues at $1.55 billion USD. Germany and France follow, illustrating a robust revenue collection in these countries. Notable positive growth occurred in Hungary and Iceland with 12.41% and 37.8% YoY increases respectively, while Finland and Denmark experienced declines of -6.76% and -5.09%. The compound annual growth rate indicates variances, with some nations showing consistent upticks, others declining.
Looking ahead, anticipate evolving trends in environmental tax strategies across Europe, driven by sustainable development goals and fluctuating economic conditions. Monitor regulatory changes impacting tax structures, with potential ramifications on revenues collected, especially in transitioning towards greener industrial production practices. Countries with declining trends may introduce reforms to bolster environmental taxation frameworks.
Top countries in Environmentally Related Tax Revenue from All Environmental Taxes in Manufacturing of Basic Metals and Fabricated Metal Products (Except Machinery and Equipment) by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,550 | 2023 | +1.53% | +3.62% | View data |
| 2 | 2 Germany | 872.09 | 2023 | +1.72% | +4.12% | View data |
| 3 | 3 France | 599.34 | 2023 | +0.37% | -1.32% | View data |
| 4 | 4 Poland | 449.93 | 2023 | +4.1% | +8.28% | View data |
| 5 | 5 United Kingdom | 344.33 | 2023 | -0.26% | -0.65% | View data |
| 6 | 6 Spain | 337.03 | 2023 | +0.098% | -3.57% | View data |
| 7 | 7 Austria | 262.79 | 2023 | +2% | +3.76% | View data |
| 8 | 8 Netherlands | 212.97 | 2023 | +1.78% | +3.34% | View data |
| 9 | 9 Sweden | 184.34 | 2023 | +3.11% | +4.76% | View data |
| 10 | 10 Finland | 67.77 | 2023 | -0.19% | -6.76% | View data |
