In 2023, the United Kingdom led Europe in environmentally related tax revenue from transport in manufacturing of fabricated metal products at 52.87 million USD. Germany followed with 22.31 million USD and Switzerland with 20.18 million USD. Significant year-on-year changes include the United Kingdom's 1.35% rise and France's 3.39% decrease. Over the past two years, most countries, like Germany and Belgium, experienced declines, whereas Malta showed a notable growth of 2.44%. The industry's CAGR over the past five years indicates modest shifts, with minor increases and decreases generally stabilizing the revenue trends across the region.
Future trends to monitor include potential policy changes to boost eco-friendly manufacturing practices and transport methods, especially in countries experiencing declines. Additionally, shifts in global manufacturing chains and environmental regulations could significantly influence these tax revenues. As countries intensify efforts to mitigate climate change, adjustments in tax policies might reshape this revenue landscape, particularly in technologically advanced countries.
Top countries in Environmentally Related Tax Revenue from Taxes on Transport in Manufacturing of Fabricated Metal Products (Except Machinery and Equipment) by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 52.87 | 2023 | +3.04% | +1.35% | View data |
| 2 | 2 Germany | 22.31 | 2023 | -0.63% | -0.93% | View data |
| 3 | 3 Switzerland | 20.18 | 2023 | +1.25% | +0.66% | View data |
| 4 | 4 France | 14.17 | 2023 | +2.51% | -3.39% | View data |
| 5 | 5 Denmark | 10.46 | 2023 | +0.69% | -0.29% | View data |
| 6 | 6 Belgium | 9.22 | 2023 | -4.29% | -6.16% | View data |
| 7 | 7 Finland | 6.45 | 2023 | +1.32% | -0.12% | View data |
| 8 | 8 Slovakia | 3.58 | 2023 | +0.58% | -0.98% | View data |
| 9 | 9 Greece | 3 | 2023 | -12.3% | -10.17% | View data |
| 10 | 10 Serbia | 1.28 | 2023 | +0.4% | +0.85% | View data |
