Market research

Argon market in Bosnia and Herzegovina

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The argon market in Bosnia and Herzegovina contracted significantly from 2018 to 2020, with its value dropping from 4.2 million USD to 2.7 million USD. The most substantial decline occurred in 2020, when the market size fell by 24% year-on-year.

A strong rebound began in 2021, with market value surging by 50% to 4.0 million USD. This growth accelerated in 2022, as the market expanded by another 39% to reach 5.6 million USD, exceeding its pre-contraction level.

Market growth stabilized in the following years, with a 1.3% increase to 5.7 million USD in 2023 and a further 3.5% rise to 5.9 million USD in 2024.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In value
    1. 4.1.1.1. Production, 2018-2024
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Bosnia and Herzegovina
  1. 5.1.1. In kind, 2018-2024, K m³
  2. 5.1.2. In value, 2018-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, K m³
  2. 5.2.2. In value, 2018-2024, K $ US
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K m³
    1. 6.1.2.1. Annual dynamics of product's imports to Bosnia and Herzegovina in kind, 2018-2025, K m³
    2. 6.1.2.2. Dynamics of product's imports in kind to Bosnia and Herzegovina by countries, 2018-2025, K m³
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Bosnia and Herzegovina in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Bosnia and Herzegovina by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's imports, $ US/K m³
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Bosnia and Herzegovina, 2018-2025, $ US/K m³
    2. 6.1.4.2. Dynamics of average price of product's imports to Bosnia and Herzegovina by countries, 2018-2025, $ US/K m³
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K m³
    1. 6.2.2.1. Annual dynamics of product's imports to Bosnia and Herzegovina in kind, 2018-2025, K m³
    2. 6.2.2.2. Dynamics of product's imports in kind to Bosnia and Herzegovina by countries, 2018-2025, K m³
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Bosnia and Herzegovina in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Bosnia and Herzegovina by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's imports, $ US/K m³
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Bosnia and Herzegovina, 2018-2025, $ US/K m³
    2. 6.2.4.2. Dynamics of average price of product's imports to Bosnia and Herzegovina by countries, 2018-2025, $ US/K m³
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K m³
    1. 7.1.2.1. Annual dynamics of product's exports from Bosnia and Herzegovina in kind, 2018-2025, K m³
    2. 7.1.2.2. Dynamics of product's exports in kind from Bosnia and Herzegovina by countries, 2018-2025, K m³
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Bosnia and Herzegovina in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Bosnia and Herzegovina by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's exports, $ US/K m³
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Bosnia and Herzegovina, 2018-2025, $ US/K m³
    2. 7.1.4.2. Dynamics of average price of product's exports from Bosnia and Herzegovina by countries, 2018-2025, $ US/K m³
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K m³
    1. 7.2.2.1. Annual dynamics of product's exports from Bosnia and Herzegovina in kind, 2018-2025, K m³
    2. 7.2.2.2. Dynamics of product's exports in kind from Bosnia and Herzegovina by countries, 2018-2025, K m³
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Bosnia and Herzegovina in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Bosnia and Herzegovina by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's exports, $ US/K m³
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Bosnia and Herzegovina, 2018-2025, $ US/K m³
    2. 7.2.4.2. Dynamics of average price of product's exports from Bosnia and Herzegovina by countries, 2018-2025, $ US/K m³
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K m³
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K m³
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production argon in Bosnia and Herzegovina

In value, 2018-2021, K $ US

After two consecutive years of decline, Bosnia and Herzegovina's argon production rebounded in 2021. The output was valued at 4 646 K $ US, representing a significant 34.7% increase compared to the previous year. Looking at the period from 2018 to 2021, production grew by 2.4%, which translates to an average annual growth rate of 0.8%. The lowest production value was recorded in 2020 at 3 450 K $ US, which also saw the largest decline of 21.1% during this timeframe.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(3.5%)	(21.1%)	34.7%	0.8%

Source: SHEV.io

In kind, 2018-2021, K m³

In 2021, Bosnia and Herzegovina produced 4 918 K m³ of argon, marking a 16.2% increase from 2020. Over the four-year span from 2018 to 2021, production rose by 8.1%, averaging an annual growth rate of 2.6%. The lowest production volume occurred in 2020 at 4 232 K m³, while the peak was reached in 2019 with 4 966 K m³. The most substantial drop was observed in 2020, when production fell by 14.8%.

Annual dynamics of production in Bosnia and Herzegovina in kind, 2018-2021, K m³

Parameter		2019	2020	2021	CAGR
1	Change from last year	9.2%	(14.8%)	16.2%	2.6%

Source: SHEV.io

Exports argon from Bosnia and Herzegovina

Exports in kind, K m³

Bosnia and Herzegovina's argon exports declined for the second year in a row in 2021, totaling 2 606 K m³, which was a 3.7% decrease from the previous year. However, over the broader period from 2018 to 2021, exports increased by 19.4%, with a compound annual growth rate of 6.1%. The highest export volume was recorded in 2019 at 2 961 K m³, which also saw the largest annual increase of 35.7%. In contrast, the most significant decline occurred in 2020, with exports dropping by 8.6%.

Annual dynamics of product's exports from Bosnia and Herzegovina in kind, 2018-2021, K m³

Parameter		2019	2020	2021	CAGR
1	Change from last year	35.7%	(8.6%)	(3.7%)	6.1%

Source: SHEV.io

From 2018 to 2021, Croatia and Hungary consistently served as the primary destinations for Bosnia and Herzegovina's argon exports in volume terms. Together, they accounted for 81.8% of total exports, while the remaining share was distributed among other countries.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

In 2021, Bosnia and Herzegovina's argon exports in value terms reached 1 572 K $ US, showing a modest 4.0% improvement over 2020. Over the period from 2018 to 2021, export value increased by 26%, with a compound annual growth rate of 8.0%. The peak value was achieved in 2019 at 1 591 K $ US, which also experienced the largest annual increase of 27.5%. The most notable decline occurred in 2020, with a 5.0% drop.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	27.5%	(5.0%)	4.0%	8.0%

Source: SHEV.io

Between 2018 and 2021, Croatia and Hungary dominated as the key markets for Bosnia and Herzegovina's argon exports in value terms. They jointly represented 81.8% of total export flows, with the remainder spread across smaller markets.

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

Source: SHEV.io

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

Source: SHEV.io

Imports argon to Bosnia and Herzegovina

Imports in kind, K m³

Following two years of reduction, Bosnia and Herzegovina's argon imports in volume terms increased in 2021. Imports amounted to 814 K m³, reflecting a 9.6% rise compared to the prior year. The lowest import volume was recorded in 2020 at 743 K m³, which also saw the largest decline of 6.7% during this period.

Annual dynamics of product's imports to Bosnia and Herzegovina in kind, 2018-2021, K m³

Parameter		2019	2020	2021	CAGR
1	Change from last year	(0.7%)	(6.7%)	9.6%	0.5%

Source: SHEV.io

From 2018 to 2021, Croatia, Slovenia, and Austria were the main suppliers of argon to Bosnia and Herzegovina in volume terms. Croatia accounted for 41.5% of imports, Slovenia for 26.5%, and Austria for 21.1%. Together, these three countries made up 89.1% of total imports.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

After a two-year decline, Bosnia and Herzegovina's argon imports in value terms rebounded in 2021, reaching 969 K $ US. This represented a dramatic 28.9% increase from 2020. Over the period from 2018 to 2021, imports grew by 9.1%, averaging an annual growth rate of 2.9%. The lowest import value was recorded in 2020 at 752 K $ US, while the largest decline occurred in 2019 with a 12.8% drop.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(12.8%)	(3.0%)	28.9%	2.9%

Source: SHEV.io

Throughout 2018 to 2021, Croatia, Slovenia, and Austria formed the core group of partners for Bosnia and Herzegovina's argon imports in value terms. Croatia contributed 40.3% of imports, Slovenia 31.9%, and Austria 15.5%. Collectively, they accounted for 87.8% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io