In 2023, Denmark led European tax revenues on energy for fishing and aquaculture at $21.2M, followed by France at $17.6M, and Italy at $13.87M. Denmark saw substantial year-on-year growth of 26.78%, while the Czech Republic experienced a significant decline at -28.93%. Over the past year, Estonia reported considerable growth at 6.89%, while Slovakia faced a sharp decrease of -16.76%. Belgium and Croatia also showed positive trends, with increases of 3.93% and 2.18%, respectively. In contrast, Ireland saw a drop at -9.67%, revealing potential vulnerabilities in their sectors.
Future trends to watch include the adaptation of energy policies to align with sustainability goals and the impact of economic shifts on tax revenues. Countries with declining trends might need to reassess strategies for environmental taxation and energy use within the fishing and aquaculture industry, while leaders like Denmark are likely to continue leveraging policy innovations to maintain growth.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Fishing and Aquaculture Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 21.2 | 2023 | +16.34% | +26.78% | View data |
| 2 | 2 France | 17.6 | 2023 | +1.04% | +6.32% | View data |
| 3 | 3 Italy | 13.87 | 2023 | +1.62% | -2.52% | View data |
| 4 | 4 United Kingdom | 9.33 | 2023 | -3.54% | -3.86% | View data |
| 5 | 5 Norway | 7.81 | 2023 | +1.51% | -2.61% | View data |
| 6 | 6 Croatia | 6.55 | 2023 | +2.96% | +2.18% | View data |
| 7 | 7 Iceland | 5.67 | 2023 | +3.53% | -0.08% | View data |
| 8 | 8 Belgium | 4.65 | 2023 | +5.22% | +3.93% | View data |
| 9 | 9 Spain | 2.81 | 2023 | +0.4% | -0.58% | View data |
| 10 | 10 Estonia | 2.39 | 2023 | +13.77% | +6.89% | View data |
