The European environmentally related tax revenue from taxes on energy in the manufacturing of rubber and plastic products varied significantly by country in 2023. Germany led with the highest revenue at $43.44 million, followed by Spain and Belgium. Most countries experienced a decline, with Germany seeing a 2.18% decrease and the Czech Republic a 6.56% drop. Conversely, Switzerland and Belgium noted positive growth, with increases of 2.21% and 3.32%, respectively. Malta saw the most considerable rise at 5.15%.
Future trends to watch include potential increases in tax revenues driven by stricter environmental regulations and a broader shift towards sustainable manufacturing practices. There is a possibility of emerging technologies reducing reliance on traditional energy sources, potentially impacting tax revenues. Monitoring regulatory changes and energy consumption patterns will be crucial for forecasting future tax revenue trends.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Manufacturing of Rubber and Plastic Products Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 43.44 | 2023 | -2.11% | -2.18% | View data |
| 2 | 2 Spain | 27.79 | 2023 | +2.01% | -0.7% | View data |
| 3 | 3 Belgium | 7.67 | 2023 | +3.99% | +3.32% | View data |
| 4 | 4 Czech Republic | 5.17 | 2023 | -6.44% | -6.56% | View data |
| 5 | 5 Switzerland | 4.24 | 2023 | +2.93% | +2.21% | View data |
| 6 | 6 Romania | 3.53 | 2023 | +2.18% | -5.03% | View data |
| 7 | 7 Austria | 2.27 | 2023 | +2.24% | -0.32% | View data |
| 8 | 8 Greece | 1.91 | 2023 | -0.11% | -0.43% | View data |
| 9 | 9 Serbia | 1.75 | 2023 | +4.16% | +2.34% | View data |
| 10 | 10 Ireland | 0.92 | 2023 | +4.09% | -3.41% | View data |
