In 2023, Italy led Europe in environmentally related tax revenue from energy taxes on manufacturing food products, beverages, and tobacco with a recorded value of 579.61 million USD. Germany and Spain followed, with 485.47 million USD and 454.46 million USD, respectively. Noticeable growth occurred in Switzerland, Portugal, and Romania, with over 3% increases. Conversely, significant declines were seen in Ireland and Germany, experiencing reductions of 5.57% and 3.58% year-on-year. The manufacturing sector, particularly in smaller countries, either sustained slight decreases or modest increases, reflecting variance in energy taxation and policy effects.
Looking forward, trends to monitor include:
- The impact of potential policy shifts in the EU regarding environmental taxation, which could influence revenue trajectories.
- Emerging technologies promoting energy efficiency in manufacturing could decrease tax bases.
- Economic conditions and energy prices will likely shape the revenue outcomes, especially in countries with fluctuating trends.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Manufacturing of Food Products, Beverages and Tobacco Products by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 579.61 | 2023 | -1.41% | -0.67% | View data |
| 2 | 2 Germany | 485.47 | 2023 | -3.8% | -3.58% | View data |
| 3 | 3 Spain | 454.46 | 2023 | +3.19% | +2.45% | View data |
| 4 | 4 Belgium | 217.1 | 2023 | +3.09% | +2.75% | View data |
| 5 | 5 Poland | 213.21 | 2023 | +0.48% | -1.42% | View data |
| 6 | 6 Greece | 164.45 | 2023 | +2.1% | +1.68% | View data |
| 7 | 7 Switzerland | 158.17 | 2023 | +3.66% | +3.53% | View data |
| 8 | 8 Portugal | 126 | 2023 | +6.44% | +4.56% | View data |
| 9 | 9 Romania | 115.18 | 2023 | +4.24% | +4.82% | View data |
| 10 | 10 Ireland | 39.37 | 2023 | +0.3% | -5.57% | View data |
