In 2023, Italy led the collection of environmentally related tax revenues in the European manufacturing sector of fabricated metal products, excluding machinery, with approximately $44.53 million. Germany and the United Kingdom followed with $11.61 million and $11.02 million, respectively. While Italy saw an 8% increase in revenue, Germany and France experienced slight declines of 0.93% and 0.58%. Notable upward trends were seen in Hungary and Serbia, with growth of 3.15% and 4.51%, respectively. However, Poland and Bulgaria faced the largest declines, falling by 3.73% and 4.85%.
Future trends to watch include the impact of increasing environmental regulations and shifts towards sustainability across Europe, which may drive higher tax revenues as countries aim to incentivize cleaner manufacturing practices. Additionally, technological advancements in the sector may influence revenue patterns by reshaping tax policy and compliance. Monitoring these dynamics will be crucial for understanding future changes in tax revenue distribution among European countries.
Top countries in Environmentally Related Tax Revenue from All Environmental Taxes in Manufacturing of Fabricated Metal Products (Except Machinery and Equipment) Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 44.53 | 2023 | +2.71% | +8% | View data |
| 2 | 2 Germany | 11.61 | 2023 | -0.31% | -0.93% | View data |
| 3 | 3 United Kingdom | 11.02 | 2023 | +1.72% | +1.15% | View data |
| 4 | 4 France | 8.91 | 2023 | +1.84% | -0.58% | View data |
| 5 | 5 Netherlands | 6.28 | 2023 | +2.31% | +2.03% | View data |
| 6 | 6 Switzerland | 4.33 | 2023 | +1.99% | +1.04% | View data |
| 7 | 7 Belgium | 3.08 | 2023 | +0.53% | -0.73% | View data |
| 8 | 8 Poland | 2.84 | 2023 | +0.32% | -3.73% | View data |
| 9 | 9 Denmark | 2.02 | 2023 | +0.31% | -2.77% | View data |
| 10 | 10 Greece | 1.55 | 2023 | -4.19% | -4.05% | View data |
