Market research

Central heating boilers market in Bosnia and Herzegovina

Release date: Mar 30, 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 central heating boiler market in Bosnia and Herzegovina displayed high volatility from 2018 to 2024. Market size grew from 24.2 million USD to 27.1 million USD in 2019, then fell to 21.6 million USD in 2020 before jumping sharply to 33.2 million USD in 2021.

This peak was followed by a dramatic contraction in 2022, with the market shrinking to 11.7 million USD. A recovery began in 2023, reaching 13.7 million USD, and continued into 2024 with the market climbing to 18.9 million USD.

Domestic production followed a similar pattern, peaking at 53.9 million USD in 2021 before declining. Exports grew substantially from 2020 onward, often outstripping imports, which influenced the available domestic supply.

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 unit
  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 unit
  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, t
    1. 6.1.2.1. Annual dynamics of product's imports to Bosnia and Herzegovina in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Bosnia and Herzegovina by countries, 2018-2025, t
    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/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Bosnia and Herzegovina, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Bosnia and Herzegovina by countries, 2018-2025, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Bosnia and Herzegovina in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Bosnia and Herzegovina by countries, 2018-2025, t
    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/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Bosnia and Herzegovina, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Bosnia and Herzegovina by countries, 2018-2025, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Bosnia and Herzegovina in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Bosnia and Herzegovina by countries, 2018-2025, t
    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/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Bosnia and Herzegovina, 2018-2025, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Bosnia and Herzegovina by countries, 2018-2025, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Bosnia and Herzegovina in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Bosnia and Herzegovina by countries, 2018-2025, t
    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/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Bosnia and Herzegovina, 2018-2025, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Bosnia and Herzegovina by countries, 2018-2025, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  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 central heating boilers in Bosnia and Herzegovina

In value, 2018-2021, K $ US

Bosnia and Herzegovina's central heating boiler production has grown for the third year in a row. In 2021, output reached 53 885 thousand US dollars, marking a significant 63.0% increase compared to the previous year. From 2018 to 2021, production surged by 94.6%, which translates to an average annual growth rate of 24.8%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	9.4%	9.1%	63.0%	24.8%

Source: SHEV.io

Exports central heating boilers from Bosnia and Herzegovina

Exports in kind, t

Bosnia and Herzegovina's central heating boiler exports have risen for the second consecutive year. In 2021, exports totaled 8 883 tonnes, showing a strong 24.7% increase from 2020. Over the 2018-2021 period, exports grew by 82.3%, with a compound annual growth rate of 22.2%. The lowest export volume was recorded in 2019 at 4 768 tonnes, which saw the largest decline of 2.2%. In contrast, 2020 experienced the largest increase of 49.4%.

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	(2.2%)	49.4%	24.7%	22.2%

Source: SHEV.io

From 2018 to 2021, the top destinations for Bosnia and Herzegovina's central heating boiler exports in volume terms were Austria, with 58.0% of exports, Serbia at 14.6%, and Romania with 7.2%. Together, these three countries accounted for 79.8% of total export flows.

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

Central heating boiler shipments from Bosnia and Herzegovina to foreign markets have increased for the second year in a row. In 2021, exports amounted to 30 623 thousand US dollars, up 58.4% from the previous year. Between 2018 and 2021, exports rose by 133%, corresponding to a compound annual growth rate of 32.6%. The lowest value was recorded in 2019 at 12 329 thousand US dollars, which also saw the largest decline of 6.2%.

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	(6.2%)	56.8%	58.4%	32.6%

Source: SHEV.io

During the 2018-2021 period, Austria led as the top buyer of central heating boilers from Bosnia and Herzegovina in value terms, accounting for 43.1% of exports, followed by Serbia at 18.3%, and North Macedonia with 9.6%. Combined, these three markets represented 71.0% of total export value.

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 central heating boilers to Bosnia and Herzegovina

Imports in kind, t

Following a two-year decline, Bosnia and Herzegovina's central heating boiler imports have rebounded. In 2021, imports stood at 1 584 tonnes, reflecting a modest 4.0% year-over-year increase. From 2018 to 2021, imports decreased by 28.6%, averaging an annual decline of 10.6%. The lowest import volume was in 2020 at 1 523 tonnes, which also experienced the largest drop of 25.1%.

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	(8.3%)	(25.1%)	4.0%	(10.6%)

Source: SHEV.io

From 2018 to 2021, the primary suppliers of central heating boilers to Bosnia and Herzegovina in volume terms were Croatia, with 44.5% of imports, Serbia at 25.4%, and Slovakia with 10.4%. Together, these three countries made up 80.2% of total import volumes.

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 central heating boiler imports in value terms have increased. In 2021, imports were recorded at 9 950 thousand US dollars, showing a sharp 27.3% rise compared to the previous year. Between 2018 and 2021, imports grew by 2.7%, equating to an average annual rate of 0.9%. The lowest value was in 2020 at 7 819 thousand US dollars, which also saw the largest decline of 14.2%.

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	(5.9%)	(14.2%)	27.3%	0.9%

Source: SHEV.io

Throughout 2018-2021, Slovakia was the leading source of central heating boiler imports to Bosnia and Herzegovina in value terms, accounting for 29.0%, followed by Croatia at 24.5%, and Serbia with 19.6%. Collectively, these three markets represented 73.1% of total import value.

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