The European environmentally related tax revenue from taxes on energy in the manufacturing of basic metals and fabricated metal products varies significantly across countries. In 2023, Italy leads with the highest revenue at $1.73 billion. Germany, Poland, and Romania also show significant contributions with revenues over $0.6 billion. However, countries like Malta, Cyprus, and Iceland contribute minimally, with their tax revenues being below $0.01 billion.
Year-on-year trends indicate substantial increases in Hungary and Iceland, with growth rates of 14.27% and 53.59%, respectively. Notably, Poland and Romania show strong growth, while Finland and Bulgaria have seen declines. Over the past five years, the average CAGR indicates a moderate growth trend, reflecting progressive adoption of energy taxes across Europe.
Future trends to watch include the continuous increase in energy use taxation as countries pursue greener policies, technological advancements leading to reduced energy consumption, and potential EU-wide harmonization of such taxes to level competitiveness across member states. The renewable energy transition strategy will significantly impact these figures moving forward.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Manufacturing of Basic Metals and Fabricated Metal Products (Except Machinery and Equipment) by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,730 | 2023 | +2.07% | +5.25% | View data |
| 2 | 2 Germany | 901.24 | 2023 | +2.08% | +5.3% | View data |
| 3 | 3 Poland | 865.35 | 2023 | +4.45% | +9.67% | View data |
| 4 | 4 Romania | 679.59 | 2023 | +3.46% | +8.11% | View data |
| 5 | 5 Greece | 272.96 | 2023 | +1.71% | +2.34% | View data |
| 6 | 6 United Kingdom | 271.62 | 2023 | +1.33% | +1.49% | View data |
| 7 | 7 Austria | 240.89 | 2023 | +1.92% | +4.94% | View data |
| 8 | 8 Hungary | 86.73 | 2023 | +4.9% | +14.27% | View data |
| 9 | 9 Switzerland | 78.01 | 2023 | +3.12% | +2.52% | View data |
| 10 | 10 Slovenia | 56.9 | 2023 | +10.38% | +5.3% | View data |
