The recycling of batteries with cadmium content in Lithuania has witnessed a significant decline from 2016 to 2023. In 2016, the volume stood at 47 metric tons and subsequently decreased dramatically to 8 metric tons in 2023. The year-on-year variation highlights substantial annual decreases, with a particularly notable drop between 2017 and 2018 by 56.52%, and an 11.11% decrease from 2022 to 2023. The Compound Annual Growth Rate (CAGR) over the last five years was -7.17%, illustrating a consistent decline in this sector.
Looking ahead to the forecasted data through 2028, the recycling volume is expected to stabilize at 7 metric tons per annum starting from 2025. This forecast suggests a relatively moderate decline with a forecast 5-year CAGR of -2.64%, indicating a 12.5% reduction in total from 2024 to 2028.
Future trends to watch for include the impact of new regulations, innovations in battery recycling technology, and the transition to alternative materials that may reduce dependence on cadmium, potentially altering the recycling landscape further in the coming years.
