Recycling of batteries with lead content in Lithuania reached 7.19 thousand metric tons in 2023. The data shows a significant decline over the years with the year-on-year variation in 2023 being -9.86%. Over the past five years, the recycling industry witnessed an average annual decrease (CAGR) of -8.62%. The historical trend highlights a sharp increase in 2016, followed by variations in growth and distinct negative trends starting from 2018. In 2019, a brief positive growth of 7.39% was seen. However, subsequent years evidenced successive drops. The overall 5-year CAGR is forecasted to decline by 20.12%, amounting to a 67.48% reduction by 2028.
Future trends to watch for include advancements in battery recycling technologies, stricter environmental regulations, and the increased use of alternative energy sources which may reduce the dependency on lead-acid batteries. Additionally, economic incentives and global movements towards sustainability might influence market dynamics.
