Earlier Report Observations
From 2018 to 2020, the market volume for butter, dairy spreads, and milk fats in Bosnia and Herzegovina remained relatively stable in 2019 before contracting moderately to around 2 040 t in 2020.
The market expanded sharply in 2021, exceeding 3 000 t for the first time, driven by a doubling of domestic production. After a slight decline in 2022, volumes reached a peak of nearly 3 350 t in 2023, again supported by higher production. However, in 2024 the market contracted to approximately 2 540 t as production fell. In value terms, the market followed a similar trajectory from 2021, peaking at over 18 million US dollars in 2023 before declining to 15.7 million US dollars 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
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2024
- 4.1.1.2. Imports, 2018-2025
- 4.1.1.3. Exports, 2018-2025
- 4.1.1.4. Market size, 2018-2024
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4.1.2. In value
- 4.1.2.1. Production, 2021-2024
- 4.1.2.2. Imports, 2018-2025
- 4.1.2.3. Exports, 2018-2025
- 4.1.2.4. Market size, 2021-2024
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Bosnia and Herzegovina
- 5.1.1. In kind, 2018-2024, t
- 5.1.2. In value, 2021-2024, K $ US
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5.2. Production in the EU, 2018-2024
- 5.2.1. In kind, 2018-2024, t
- 5.2.2. In value, 2018-2024, K $ US
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5.3. Global production by Country, 2018-2023
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5.3.1. Global Production by Country in kind
- 5.3.1.1. Annual dynamics of production by country in kind, 2018-2023, t
- 5.3.1.2. Structure of production by countries in kind, 2018-2023
- 5.3.1.3. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.3.1. Global Production by Country in kind
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5.1. Production in Bosnia and Herzegovina
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, t
- 6.1.2.1. Annual dynamics of product's imports to Bosnia and Herzegovina in kind, 2018-2025, t
- 6.1.2.2. Dynamics of product's imports in kind to Bosnia and Herzegovina by countries, 2018-2025, t
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
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6.1.3. Imports in value, K $ US
- 6.1.3.1. Annual dynamics of product's imports to Bosnia and Herzegovina in value, 2018-2025, K $ US
- 6.1.3.2. Dynamics of product's imports in value to Bosnia and Herzegovina by countries, 2018-2025, K $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
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6.1.4. Average price of product's imports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's imports to Bosnia and Herzegovina, 2018-2025, $ US/t
- 6.1.4.2. Dynamics of average price of product's imports to Bosnia and Herzegovina by countries, 2018-2025, $ US/t
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, t
- 6.2.2.1. Annual dynamics of product's imports to Bosnia and Herzegovina in kind, 2018-2025, t
- 6.2.2.2. Dynamics of product's imports in kind to Bosnia and Herzegovina by countries, 2018-2025, t
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
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6.2.3. Imports in value, K $ US
- 6.2.3.1. Annual dynamics of product's imports to Bosnia and Herzegovina in value, 2018-2025, K $ US
- 6.2.3.2. Dynamics of product's imports in value to Bosnia and Herzegovina by countries, 2018-2025, K $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
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6.2.4. Average price of product's imports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's imports to Bosnia and Herzegovina, 2018-2025, $ US/t
- 6.2.4.2. Dynamics of average price of product's imports to Bosnia and Herzegovina by countries, 2018-2025, $ US/t
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6.1. Imports (Direct Data)
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7. Exports
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7.1. Exports (Direct Data)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, t
- 7.1.2.1. Annual dynamics of product's exports from Bosnia and Herzegovina in kind, 2018-2025, t
- 7.1.2.2. Dynamics of product's exports in kind from Bosnia and Herzegovina by countries, 2018-2025, t
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
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7.1.3. Exports in value, K $ US
- 7.1.3.1. Annual dynamics of product's exports from Bosnia and Herzegovina in value, 2018-2025, K $ US
- 7.1.3.2. Dynamics of product's exports in value from Bosnia and Herzegovina by countries, 2018-2025, K $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
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7.1.4. Average price of product's exports, $ US/t
- 7.1.4.1. Annual dynamics of average price of product's exports from Bosnia and Herzegovina, 2018-2025, $ US/t
- 7.1.4.2. Dynamics of average price of product's exports from Bosnia and Herzegovina by countries, 2018-2025, $ US/t
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, t
- 7.2.2.1. Annual dynamics of product's exports from Bosnia and Herzegovina in kind, 2018-2025, t
- 7.2.2.2. Dynamics of product's exports in kind from Bosnia and Herzegovina by countries, 2018-2025, t
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
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7.2.3. Exports in value, K $ US
- 7.2.3.1. Annual dynamics of product's exports from Bosnia and Herzegovina in value, 2018-2025, K $ US
- 7.2.3.2. Dynamics of product's exports in value from Bosnia and Herzegovina by countries, 2018-2025, K $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
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7.2.4. Average price of product's exports, $ US/t
- 7.2.4.1. Annual dynamics of average price of product's exports from Bosnia and Herzegovina, 2018-2025, $ US/t
- 7.2.4.2. Dynamics of average price of product's exports from Bosnia and Herzegovina by countries, 2018-2025, $ US/t
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7.1. Exports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, t
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, t
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2025
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production butter, dairy spreads and milk fats in Bosnia and Herzegovina
In value, 2018-2021, K $ US
Annual dynamics of production in Bosnia and Herzegovina in value, 2018-2021, K $ US
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | n/a | - |
In kind, 2018-2021, t
Top producers of butter, dairy spreads and milk fats, 2018-2021
World map of production of butter, dairy spreads and milk fats, 2018-2021
The market showed an unstable trend over the period. Production reached its lowest point in 2020 at 528 tonnes, then surged dramatically to 1 516 tonnes in 2021, marking a 187.0% increase from the previous year. The peak-to-trough amplitude between 2020 and 2021 was 2.9 times. The largest decline occurred in 2019, with a drop of 13.9%.
Annual dynamics of production in Bosnia and Herzegovina in kind, 2018-2021, t
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (13.9%) | (13.2%) | 187.0% | 29.0% |
Exports butter, dairy spreads and milk fats from Bosnia and Herzegovina
Exports in kind, t
Butter, dairy spreads, and milk fat exports from Bosnia and Herzegovina have increased for the third consecutive year. In 2021, exports reached 404 tonnes, up 53.4% from 2020. Between 2018 and 2021, exports grew by 276.4%, equivalent to an annualized rate of 55.6%.
Annual dynamics of product's exports from Bosnia and Herzegovina in kind, 2018-2021, t
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 45.2% | 69.0% | 53.4% | 55.6% |
From 2018 to 2021, Bosnia and Herzegovina exported butter, dairy spreads, and milk fats to many countries. The largest destinations—Austria, North Macedonia, and Croatia—together accounted for only 45.0% of total exports in volume.
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
Butter, dairy spreads, and milk fat exports from Bosnia and Herzegovina have risen for the third year in a row. In 2021, exports totaled 1 935 thousand US dollars, a dramatic increase of 64.8% compared to 2020. Between 2018 and 2021, exports grew by 264.8%, with an annualized rate of 53.9%.
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 | 58.7% | 39.5% | 64.8% | 53.9% |
From 2018 to 2021, Austria, North Macedonia, and Croatia were notable buyers of butter, dairy spreads, and milk fats from Bosnia and Herzegovina, with shares of 24.1%, 14.1%, and 10.7% of exports in value, respectively. However, their combined share reached only 48.9% of total exports in value, indicating a diverse market.
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 butter, dairy spreads and milk fats to Bosnia and Herzegovina
Imports in kind, t
Butter, dairy spreads, and milk fat imports into Bosnia and Herzegovina have increased for the third consecutive year. In 2021, imports amounted to 1 960 tonnes, up 10.2% from the previous year. Over the period from 2018 to 2021, imports rose by 22.8%, with a compound annual growth rate of 7.1%.
Annual dynamics of product's imports to Bosnia and Herzegovina in kind, 2018-2021, t
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 7.3% | 3.9% | 10.2% | 7.1% |
From 2018 to 2021, Germany, Serbia, and Croatia were consistently the main sources for imports in volume, accounting for 40.8%, 30.2%, and 17.0% of imports, respectively. Together, they represented 88.0% of total import flows.
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
After a two-year decline, butter, dairy spreads, and milk fat imports into Bosnia and Herzegovina increased. In 2021, imports reached 10 055 thousand US dollars, up 25.1% from the previous year. The lowest value was recorded in 2020 at 8 036 thousand US dollars, following a 4.0% decline in 2019. Between 2018 and 2021, imports grew by 17.7%, with an annualized rate of 5.6%.
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 | (4.0%) | (2.0%) | 25.1% | 5.6% |
From 2018 to 2021, Germany, Serbia, and Croatia remained the primary sources for imports in value, with shares of 43.6%, 25.0%, and 18.8%, respectively. Together, they accounted for 87.4% of total import 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
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