In 2023, Italy led European Environmentally Related Tax Revenue from Taxes on Energy in the manufacturing of furniture, jewellery, musical instruments, toys, and repair and installation of machinery and equipment, reaching over 373 million USD. France and Poland followed with notable figures, while other countries like Belgium, Portugal, and Austria showed marginal growth or decline. Significant declines were evident in Denmark, while Italy also saw a notable reduction. Norway, Slovakia, and Slovenia, however, experienced positive growth in tax revenues. Over five years, the average growth was modest across most countries.
Future trends to watch include potential policy shifts towards greener technologies, which might drive tax restructuring. The interplay between increased energy efficiency and changes in manufacturing sites could also affect tax revenues. There is an opportunity for countries with declining revenues to leverage innovation in green manufacturing to stabilize or increase their revenues.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Manufacturing of Furniture; Jewellery, Musical Instruments, Toys; Repair and Installation of Machinery and Equipment by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 373.37 | 2023 | -1.9% | -7.26% | View data |
| 2 | 2 France | 185.64 | 2023 | +2.84% | -1.11% | View data |
| 3 | 3 Poland | 73.82 | 2023 | +1.12% | -1.69% | View data |
| 4 | 4 Belgium | 39.1 | 2023 | +2.74% | +1.67% | View data |
| 5 | 5 Portugal | 21.11 | 2023 | +2.49% | +0.45% | View data |
| 6 | 6 Austria | 14.49 | 2023 | +1.95% | +1.02% | View data |
| 7 | 7 Denmark | 13.25 | 2023 | -11.73% | -11.53% | View data |
| 8 | 8 Ireland | 12.67 | 2023 | +1.56% | -2.44% | View data |
| 9 | 9 Norway | 7.8 | 2023 | +2.85% | +4.46% | View data |
| 10 | 10 Latvia | 4.87 | 2023 | +4.31% | -1.33% | View data |
