The European Environmentally Related Tax Revenue from Taxes on Energy in the Manufacturing of Chemicals and Chemical Products reveals notable differences among countries. In 2023, the United Kingdom led with the highest revenue share, despite a slight 2.45% decrease. Poland saw a strong increase of 9.63%, while Belgium and Denmark experienced declines. Some smaller economies, such as Finland and Estonia, also showed significant fluctuations. Over the last five years, trends indicate nuanced changes with varied annual growth rates across countries, highlighting a complex landscape for energy taxation within the chemical sector.
Future trends to watch include:
- Sustained growth in countries like Poland and Romania as they focus on environmental reforms.
- Potential policy changes affecting tax revenue in larger economies like the UK and the Netherlands.
- The impact of ongoing shifts towards renewable energy, which could alter the taxation landscape significantly.
- Emerging technologies and sustainability initiatives that could reduce energy dependency and affect tax revenue distribution across Europe.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Manufacturing of Chemicals and Chemical Products Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 23.04 | 2023 | -1.86% | -2.45% | View data |
| 2 | 2 Poland | 18.31 | 2023 | +4.57% | +9.63% | View data |
| 3 | 3 Netherlands | 13.32 | 2023 | +2.14% | +3.06% | View data |
| 4 | 4 Spain | 10.93 | 2023 | +4.92% | +3.02% | View data |
| 5 | 5 Romania | 10.28 | 2023 | +2.84% | +6.54% | View data |
| 6 | 6 Belgium | 8.92 | 2023 | -5.55% | -2.98% | View data |
| 7 | 7 Serbia | 6.86 | 2023 | +2.76% | -0.15% | View data |
| 8 | 8 Portugal | 3.16 | 2023 | +5.46% | +5.24% | View data |
| 9 | 9 Finland | 1.66 | 2023 | -7.52% | -12.64% | View data |
| 10 | 10 Bulgaria | 1.11 | 2023 | +3.35% | +1.8% | View data |
