Aluminium ores and concentrates market in Bosnia and Herzegovina, 2026

Earlier Report Observations

The aluminium ores and concentrates market in Bosnia and Herzegovina experienced significant volume fluctuations between 2018 and 2024. Starting from a high of 988 thousand metric tons in 2018, market size dipped slightly in 2019 before a sharp contraction to 642 thousand tons in 2020. A partial recovery followed, lifting volumes to a peak of 794 thousand tons by 2022, after which the market entered a renewed decline, falling to 535 thousand tons in 2024.

Regulatory developments coincided with the market's recovery phase. The adoption of the Rulebook on conditions for mining activity in early 2021 established updated safety and health standards for extraction operations, providing a clearer framework as the market volume rebounded to 737 thousand tons. In 2022, further government amendments tightened environmental permitting rules for mining installations, while global aluminium prices reached a 13-year high. This combination of regulatory change and elevated input costs was associated with further market growth to 794 thousand tons and a rise in market value to 35.9 million USD that year.

Following the 2022 peak, market dynamics shifted. Despite sustained high global prices supporting a market value of 38.1 million USD in 2023, physical volume fell to 686 thousand tons. By 2024, both volume and value saw a substantial contraction, dropping to 535 thousand tons and 30.2 million USD, respectively.

Production aluminium ores and concentrates in Bosnia and Herzegovina

In value, 2018-2021, K $ US

After a two-year decline, Bosnia and Herzegovina's production of aluminium ores and concentrates increased in 2021. The output was valued at 25 490 K $ US, marking a modest rise of 6.6% compared to the previous year. Over the period from 2018 to 2021, production decreased by 12%, which translates to an annualized decline rate of 4.2%. The lowest value was recorded in 2020 at 23 905 K $ US, with the largest decline of 14.2% also occurring that year.

Annual dynamics of production in Bosnia and Herzegovina in value, 2018-2021, K $ US

In kind, 2018-2021, K t

In 2021, Bosnia and Herzegovina produced 691.1 K t of aluminium ores and concentrates, representing a solid increase of 11.5% compared to 2020. From 2018 to 2021, production decreased by 12.2%, with a compound annual growth rate (CAGR) of -4.2%. The minimum output was recorded in 2020 at 620.0 K t, while the maximum was in 2019 at 795.3 K t. The largest decline of 22.0% occurred in 2020.

Annual dynamics of production in Bosnia and Herzegovina in kind, 2018-2021, K t

Exports aluminium ores and concentrates from Bosnia and Herzegovina

Exports in kind, K t

Aluminium ores and concentrates exports from Bosnia and Herzegovina increased for the third consecutive year in 2021. The country exported 39.0 K t, showing a moderate advance of 9.6% compared to 2020. Between 2018 and 2021, exports grew by 64.5%, with a compound annual growth rate (CAGR) of 18.0%.

Annual dynamics of product's exports from Bosnia and Herzegovina in kind, 2018-2021, K t

From 2018 to 2021, Croatia and Poland together accounted for 85.6% of total exports in kind. Other countries formed a diversified but less significant portion of the export structure.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Bosnia and Herzegovina in kind, 2018-2021

Exports in value, K $ US

The data reveals irregular changes, indicating a volatile market environment. The value of exports peaked in 2020 and reached its lowest point in 2018, with a 2.1-fold difference between these years. In 2021, foreign aluminium ores and concentrates supplies from Bosnia and Herzegovina reached 1 189 K $ US, representing a 10.5% reduction compared to the previous year. The maximum value was recorded in 2020 at 1 329 K $ US, with the largest increase of 74.4% also occurring that year.

Annual dynamics of product's exports from Bosnia and Herzegovina in value, 2018-2021, K $ US

From 2018 to 2021, Croatia (48.5% of exports in value terms), Poland (27.4%), and Czechia (15.3%) led the structure of exports in value terms. Together, these three countries represented 91.3% of total export flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Bosnia and Herzegovina in value, 2018-2021

Imports aluminium ores and concentrates to Bosnia and Herzegovina

Imports in kind, K t

The market showed signs of volatility over the observed period. Imports peaked in 2018 and bottomed in 2020, with a 3.9-fold difference between these years. In 2021, aluminium ores and concentrates volumes imported by Bosnia and Herzegovina totalled 84.9 K t, up by 47.5% compared to 2020. The minimum value was recorded in 2020 at 57.6 K t, with the largest decline of 72.5% also occurring that year.

Annual dynamics of product's imports to Bosnia and Herzegovina in kind, 2018-2021, K t

From 2018 to 2021, Montenegro and Guinea clearly dominated the partner structure for imports in kind, while other countries together formed the remaining share.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Bosnia and Herzegovina in kind, 2018-2021

Imports in value, K $ US

The market showed signs of volatility over the observed period. The highest value was registered in 2018, while the lowest occurred in 2020, with a peak-to-trough ratio of 3.7 times. In 2021, cross-border shipments of aluminium ores and concentrates to Bosnia and Herzegovina totalled 4 712 K $ US, which is 46.1% greater compared to the previous year. The minimum value was recorded in 2020 at 3 224 K $ US, with the largest decline of 70.2% also occurring that year.

Annual dynamics of product's imports to Bosnia and Herzegovina in value, 2018-2021, K $ US

Throughout 2018 to 2021, Montenegro and Guinea clearly dominated imports in value terms of aluminium ores and concentrates to Bosnia and Herzegovina, jointly accounting for 91.4% of total flows. Other countries held much smaller shares.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Bosnia and Herzegovina in value, 2018-2021