The recycling of lead batteries in Lithuania has shown considerable growth since 2014, with the volume increasing from 0.89 thousand metric tons to 22.48 thousand metric tons in 2023. The industry experienced significant jumps in 2015 and 2016, with year-on-year variations of 238.43% and 369.42%, respectively. Despite fluctuations—including a notable dip in 2018—the recent trend has been upwards, marked by a 15.18% increase in 2023. The compound annual growth rate (CAGR) for the past five years is 16.06%, illustrating sustained development in recycling efforts.
Future forecasts indicate a continued upward trajectory, with projected volumes reaching 33.62 thousand metric tons in 2028. Over this period, a moderate CAGR of 6.31% is expected, reflecting a stable yet steady expansion. Anticipated growth rate over the coming five years stands at 35.81%, suggesting ongoing advancements in recycling capabilities.
Trends to watch for include technological improvements in recycling processes, policy changes encouraging sustainable practices, and potential increases in lead battery usage that may impact recycling demand further.
