Cellular PU plates, sheets, film, foil and strip market in Bosnia and Herzegovina

Earlier Report Observations

The market for cellular PU plates in Bosnia and Herzegovina grew substantially in 2022, with volume rising by over a third to 6.5 thousand tons. This expansion was fueled by a sharp increase in imports, which jumped to 7.9 thousand tons, offsetting a continued decline in domestic production.

A pronounced reversal followed in 2023 and 2024, as market volume contracted by more than 60% from its peak to just 2.6 thousand tons. The downturn was marked by a significant reduction in import volumes and a concurrent rise in exports, which together sharply reduced net supply available in the domestic market.

In value terms, the market mirrored this volatility, peaking at $32.2 million in 2022 before falling to $13.6 million in 2024. The overall period from 2021 to 2024 was characterized by high instability in trade flows for this product category.

Production cellular PU plates, sheets, film, foil and strip 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 cellular PU plates, sheets, film, foil and strip from Bosnia and Herzegovina

Exports in kind, t

Bosnia and Herzegovina's exports of cellular PU plates, sheets, film, foil, and strip have grown for the second year in a row. In 2021, the country exported 2 186 tonnes of these products, marking a 27.7% increase from the previous year. Looking at the period from 2018 to 2021, exports rose by 41.8%, with an average annual growth rate of 12.4%. The lowest export volume was recorded in 2019 at 1 403 tonnes, which also saw the largest decline of 9.0% during this timeframe.

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

From 2018 to 2021, Serbia, Croatia, and Germany were the top destinations for Bosnia and Herzegovina's exports of cellular PU plates, sheets, film, foil, and strip in terms of volume. Serbia accounted for 47.0% of exports, Croatia for 23.6%, and Germany for 6.8%. Together, these three countries represented 77.4% of total export 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

The market for cellular PU plates, sheets, film, foil, and strip exports from Bosnia and Herzegovina showed an unstable trend from 2018 to 2021. In 2019, export value hit its lowest point at 2 943 thousand US dollars, with a decline of 12.7% that year. By 2021, exports surged to a peak of 7 599 thousand US dollars, an 87.9% increase from the previous year. Overall, export value varied by 2.6 times between the low in 2019 and the high in 2021.

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

Between 2018 and 2021, Serbia, Croatia, and Germany were the main destinations for Bosnia and Herzegovina's exports of cellular PU plates, sheets, film, foil, and strip in value terms. Serbia contributed 45.3% of export value, Croatia 27.4%, and Germany 11.1%. Combined, these three countries made up 83.8% of total export value during this period.

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 cellular PU plates, sheets, film, foil and strip to Bosnia and Herzegovina

Imports in kind, t

Bosnia and Herzegovina's imports of cellular PU plates, sheets, film, foil, and strip have increased for two consecutive years. In 2021, the country imported 45.1% more than the previous year, totaling a specific volume (value_last_year) tonnes. Over the 2018-2021 period, imports grew by 37.3%, with an average annual growth rate of 11.1%. The lowest import volume was in 2019 at 4 475 tonnes, which also experienced the largest decline of 8.1%.

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

From 2018 to 2021, Hungary, Serbia, and Croatia were the primary sources for Bosnia and Herzegovina's imports of cellular PU plates, sheets, film, foil, and strip in volume terms. Hungary supplied 34.6% of imports, Serbia 16.5%, and Croatia 12.2%. Together, these three countries accounted for 63.3% 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

Market performance for imports of cellular PU plates, sheets, film, foil, and strip into Bosnia and Herzegovina showed noticeable fluctuations from 2018 to 2021. In 2019, import value reached its lowest point at 15 601 thousand US dollars, with a decline of 22.8% that year. By 2021, imports peaked at 29 999 thousand US dollars, a dramatic 89.4% rise from the previous year. Overall, import value swung by 1.9 times between the low in 2019 and the high in 2021.

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

Over the 2018-2021 period, Hungary, Slovenia, and Serbia consistently led as the top sources for Bosnia and Herzegovina's imports of cellular PU plates, sheets, film, foil, and strip in value terms. Hungary accounted for 27.6% of import value, Slovenia for 13.1%, and Serbia for 12.9%. Jointly, these three countries represented 53.7% 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