The United Kingdom leads in environmentally related tax revenue from energy taxes on the chemical manufacturing sector, followed by Poland and the Netherlands. In 2023, countries like Poland and Romania showed significant growth rates in revenue collection, while Finland and Denmark experienced declines. Poland's increase of 9.63% and Romania's 6.54% growth are noteworthy, while Finland's revenue shrank by 12.64%. The revenue trends over the past five years suggest varying annual growth rates, with notable growth in some Eastern European countries.
Future trends to monitor include the ongoing shift towards greener energy sources, which may affect energy tax structures, and the intensification of environmental policies, particularly in countries leading the EU's green initiatives. Strategies to balance economic growth and environmental policies will also shape tax dynamics in the chemical sector.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Manufacturing of Chemicals and Chemical Products by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 453.67 | 2023 | -1.86% | -2.45% | View data |
| 2 | 2 Poland | 360.61 | 2023 | +4.57% | +9.63% | View data |
| 3 | 3 Netherlands | 262.25 | 2023 | +2.14% | +3.06% | View data |
| 4 | 4 Spain | 215.31 | 2023 | +4.92% | +3.02% | View data |
| 5 | 5 Romania | 202.5 | 2023 | +2.84% | +6.54% | View data |
| 6 | 6 Belgium | 175.62 | 2023 | -5.55% | -2.98% | View data |
| 7 | 7 Serbia | 135.1 | 2023 | +2.76% | -0.15% | View data |
| 8 | 8 Portugal | 62.24 | 2023 | +5.46% | +5.24% | View data |
| 9 | 9 Finland | 32.61 | 2023 | -7.52% | -12.64% | View data |
| 10 | 10 Bulgaria | 21.8 | 2023 | +3.35% | +1.8% | View data |
