Italy leads with the highest environmentally related tax revenues in the manufacturing of textiles, apparel, and leather, amounting to 468.34 million USD. Other key contributors include France with 84.05 million USD and Germany with 78.19 million USD. In recent years, Italy experienced a slight decline of 6.7%, while Romania saw a notable increase of 10.35%. Many countries face negative year-on-year variations, such as France and Germany. Over the last five years, the compound annual growth rate indicated a generally slowing trend for most countries.
Going forward, key trends worth watching include the intensifying focus on sustainability, potential changes in tax regulations, and the shifting dynamics of manufacturing and trade policies within the EU. These factors could significantly influence environmental tax revenues across the region, potentially driving revenue growth as companies adjust to greener practices. Additionally, global demand fluctuations for textiles and apparel will impact tax revenues amid evolving consumer preferences for eco-friendly products.
Top countries in Environmentally Related Tax Revenue from All Environmental Taxes in Manufacturing of Textiles, Wearing Apparel and Leather Products by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 468.34 | 2023 | +0.5% | -0.067% | View data |
| 2 | 2 France | 84.05 | 2023 | +1.02% | -2.66% | View data |
| 3 | 3 Germany | 78.19 | 2023 | -5.49% | -4.91% | View data |
| 4 | 4 Spain | 58.49 | 2023 | +3.19% | +1.62% | View data |
| 5 | 5 Portugal | 29 | 2023 | +0.64% | -1.3% | View data |
| 6 | 6 Netherlands | 28.91 | 2023 | +3.69% | -0.42% | View data |
| 7 | 7 Romania | 27.52 | 2023 | +4.04% | +10.35% | View data |
| 8 | 8 Austria | 13.23 | 2023 | -1.13% | -2.17% | View data |
| 9 | 9 Serbia | 7.78 | 2023 | +2.13% | +1.53% | View data |
| 10 | 10 Denmark | 4.6 | 2023 | +0.095% | -6.22% | View data |
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