In 2023, Lithuania recycled 197 Metric Tons of Ni-Cd batteries, representing a 15.2% increase from 2022. The last two years saw steady growth; 26.32% in 2021 and 18.75% in 2022. Over the last five years, the average annual growth rate (CAGR) stands at 9.29%, despite a slight dip of -12.98% in 2020. Annual variations indicate an upward trend sustaining through 2028, with forecasts predicting a continued CAGR of 6.74% over the next five years, culminating in a 38.53% growth by 2028.
Future trends to watch include technological advancements in recycling processes and potential legislative changes impacting recycling rates, which could further bolster the upward trajectory of Ni-Cd battery recycling in Lithuania.
