In 2023, Spain led the European revenues from energy taxes in the rubber and plastic manufacturing sector with $52.23 million, followed by the Netherlands with $23.2 million. Noteworthy is Slovenia's positive growth of 4.64%, suggesting a sectoral shift. Contrarily, the Czech Republic and Ireland saw declines of 6.81% and 5.2%, respectively. Over the past five years, countries like Slovenia and Hungary have shown potential growth in this niche, while Bulgaria and Iceland face consistent downturns, highlighting regional disparities within Europe.
Future trends to watch include how nations align with EU's decarbonization goals and increasing carbon pricing, potentially elevating tax revenues. Technological advancements and efficiency measures in manufacturing will be crucial for mitigating tax burdens and driving sustainable practices, particularly for countries currently lagging. Monitoring shifts in energy sources and manufacturing innovations will inform revenue trajectories and environmental impacts.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Manufacturing of Rubber and Plastic Products Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 52.23 | 2023 | +2.38% | +0.55% | View data |
| 2 | 2 Netherlands | 23.2 | 2023 | +4.75% | +2.59% | View data |
| 3 | 3 Czech Republic | 11.63 | 2023 | -7.37% | -6.81% | View data |
| 4 | 4 Austria | 3.39 | 2023 | +2.27% | +0.35% | View data |
| 5 | 5 Hungary | 3.26 | 2023 | +1.45% | +2.52% | View data |
| 6 | 6 Bulgaria | 1.67 | 2023 | -4.35% | -4.51% | View data |
| 7 | 7 Slovenia | 1.48 | 2023 | +9.16% | +4.64% | View data |
| 8 | 8 Ireland | 1.22 | 2023 | +3.72% | -5.2% | View data |
| 9 | 9 Croatia | 0.92 | 2023 | +2.42% | +2.28% | View data |
| 10 | 10 Lithuania | 0.64 | 2023 | +2.31% | +3.32% | View data |
