The European Environmentally Related Tax Revenue from Taxes on Energy in the manufacturing of wood and related products indicates a notable variation among countries. In 2023, Italy led with the highest tax revenue in this sector, showing a 0.53% annual increase. Sweden and Ireland also recorded notable increases, with Sweden at 0.88% and Ireland at a substantial 5.58%. Conversely, Poland, Switzerland, and Denmark experienced declines, with Poland at -0.83%, Switzerland at -0.72%, and Denmark at -5.98%. The long-term CAGR (Compound Annual Growth Rate) over the past five years shows diverse trends within the region.
Looking ahead, European countries may witness an emphasis on innovation and efficiency in energy use, potentially leading to changes in tax structures and revenues. Adoption of sustainable practices and new technologies in wood manufacturing could significantly influence future tax revenues. Monitoring regulatory changes, technological advancements, and shifts in domestic energy policies will be crucial for understanding future movements in tax revenue across this sector.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Manufacturing of Wood, of Products of Wood and Cork (Except Furniture), of Articles of Straw and Plaiting Materials Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 33.36 | 2023 | +0.7% | +0.53% | View data |
| 2 | 2 Sweden | 12.73 | 2023 | +1.94% | +0.88% | View data |
| 3 | 3 Poland | 11.77 | 2023 | +1.25% | -0.83% | View data |
| 4 | 4 United Kingdom | 9.31 | 2023 | +0.013% | +0.059% | View data |
| 5 | 5 Austria | 8.28 | 2023 | +0.39% | -0.033% | View data |
| 6 | 6 Switzerland | 4.22 | 2023 | +0.31% | -0.72% | View data |
| 7 | 7 Portugal | 3.55 | 2023 | +3.28% | +1.64% | View data |
| 8 | 8 Ireland | 3.01 | 2023 | +7.55% | +5.58% | View data |
| 9 | 9 Finland | 2.72 | 2023 | -0.1% | -0.95% | View data |
| 10 | 10 Czech Republic | 2.58 | 2023 | -9.92% | -9.3% | View data |
