Animal or vegetable fertilizers market in Bosnia and Herzegovina

Earlier Report Observations

Imports of animal or vegetable fertilizers into Bosnia and Herzegovina grew steadily from 3 311 t in 2018 to 4 248 t by 2020, indicating rising demand or increased reliance on foreign supplies during the initial years of the period.

The market volume peaked at 10 362 t in 2021 before a modest decline to 10 154 t in 2022. However, the market's value jumped sharply from $1.9 million to $2.6 million that same year, primarily due to increased prices for raw materials and fuel which raised production costs across the agricultural sector. This period also saw a significant market development with the announcement that a Turkish company plans to build a fertilizer factory in the country, marking the entry of a new player with the potential to alter future domestic production.

A notable contraction followed in 2023, with market volume falling to 8 110 t and value dropping to $2.3 million. Partial recovery occurred in 2024, with volume rising to 9 918 t and value to $2.4 million, though levels remained below the 2021 peak.

Production animal or vegetable fertilizers in Bosnia and Herzegovina

In value, 2018-2021, K $ US

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

In kind, 2018-2021, t

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

Exports animal or vegetable fertilizers from Bosnia and Herzegovina

Exports in kind, t

The data shows irregular changes, pointing to a volatile market environment. {context_3} volumes reached their lowest point in 2020 and peaked in 2021, with a 4.7-fold difference between these years. In 2021, animal or vegetable fertilizer exports from Bosnia and Herzegovina totaled 158 tons, representing a significant increase of 365.0% compared to 2020. The minimum value was recorded in 2020 at 34 tons. The largest decline occurred in 2019, with a drop of 49.8%.

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

From 2018 to 2021, Montenegro (21.0% of exports in kind), North Macedonia (15.1% of exports in kind), and Turkey (15.1% of exports in kind) were consistently the main destinations for exports in kind, together accounting for 51.2% of total flows.

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

Market behavior during these years was characterized by volatility. Import levels fluctuated 8.6 times between the low of 2020 and the high of 2021. In 2021, animal or vegetable fertilizer deliveries from Bosnia and Herzegovina amounted to 617 thousand US dollars, which is 761.8% more than the previous year. The minimum value was recorded in 2020 at 72 thousand US dollars. The largest decline occurred in 2020, with a decrease of 44.2%.

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

From 2018 to 2021, Saudi Arabia (27.7% of exports in value terms), Syria (20.8% of exports in value terms), and North Macedonia (17.7% of exports in value terms) accounted for the largest share of exports in value terms, together comprising 66.1% of total 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 animal or vegetable fertilizers to Bosnia and Herzegovina

Imports in kind, t

Animal or vegetable fertilizer imports into Bosnia and Herzegovina increased for the third consecutive year. In 2021, Bosnia and Herzegovina imported approximately 5 418 tons of animal or vegetable fertilizers, indicating a steep advance of 27.5% from the year before. Over the period from 2018 to 2021, imports grew by 63.6%, with a compound annual growth rate (CAGR) of 17.8%.

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

Throughout 2018 to 2021, the partner structure for imports in kind was centered on Italy, whose share amounted to 79.6% of total flows, while other markets formed a less significant perimeter.

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

Bosnia and Herzegovina's animal or vegetable fertilizer imports increased for the third consecutive year. In 2021, import volume totaled 1 485 thousand US dollars, up by 26.5% year-over-year. Over the period from 2018 to 2021, imports grew by 44.8%, with a compound annual growth rate (CAGR) of 13.1%.

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

Throughout 2018 to 2021, Italy (68.4% of imports in value terms), the Netherlands (9.2% of imports in value terms), and Slovenia (5.9% of imports in value terms) played the leading roles in imports in value terms of animal or vegetable fertilizers to Bosnia and Herzegovina, jointly taking 83.6% of total flows.

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