In 2024, Sweden leads in environmentally related tax revenue from taxes on pollution in the wood manufacturing sector. Significant growth is observed in France and Estonia, with year-on-year increases of 6.8% and 5.93%, respectively. In contrast, Romania and Croatia show drastic declines, with Romania experiencing a 12.17% reduction and Croatia plummeting by 58.54%. Serbia shows remarkable resilience with a 34.7% increase. However, other large economies like Italy and the UK display negative growth rates, indicating potential challenges in sustainable practices within the industry.
Looking ahead, trends to watch include broad policy shifts favoring green taxation, which could spur increased tax revenues. Countries that are lagging might enforce stricter pollution control measures to align with EU sustainability goals, potentially enhancing revenue from such taxes. Moreover, as the European Union pushes for more stringent environmental regulations and green recovery post-COVID-19, we could see significant alterations in tax revenue as industries adjust to more environmentally conscious practices.
Top countries in Environmentally Related Tax Revenue from Taxes on Pollution in Manufacturing of Wood, of Products of Wood and Cork (Except Furniture), of Articles of Straw and Plaiting Materials by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 6.56 | 2023 | +2.11% | +3.71% | View data |
| 2 | 2 Poland | 5.89 | 2023 | -1.31% | -0.32% | View data |
| 3 | 3 Switzerland | 5.59 | 2023 | -1.88% | -0.86% | View data |
| 4 | 4 Hungary | 4.25 | 2023 | +3.85% | +3.59% | View data |
| 5 | 5 France | 2.91 | 2023 | +3.89% | +6.8% | View data |
| 6 | 6 Italy | 2.24 | 2023 | +0.53% | -0.32% | View data |
| 7 | 7 Serbia | 1.78 | 2023 | +6.57% | +34.7% | View data |
| 8 | 8 United Kingdom | 1.54 | 2023 | -5.15% | -4.74% | View data |
| 9 | 9 Austria | 1.35 | 2023 | +3% | +0.7% | View data |
| 10 | 10 Estonia | 1.1 | 2023 | +5.77% | +5.93% | View data |
