Market research

Chocolate and cocoa products 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 chocolate market in Bosnia and Herzegovina, measured in physical volume, contracted from 23 213 tonnes in 2021 to 20 799 tonnes in 2022. It partially recovered to 22 353 tonnes in 2023 before easing to 21 832 tonnes in 2024.

In value terms, the market presented a different trajectory. After declining to 104.8 million US dollars in 2022, it grew steadily to 130.4 million in 2023 and reached 139.3 million in 2024, indicating a shift towards higher-priced products or general price increases within the category.

The market relies heavily on imports, which averaged over 20 000 tonnes annually from 2018 to 2024, ensuring supply. Domestic production remained modest, fluctuating between 3 800 and 5 800 tonnes, while exports varied, influencing the net volume available on the local market.

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 kind
    1. 4.1.1.1. Production, 2021-2024
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2021-2024
  2. 4.1.2. In value
    1. 4.1.2.1. Production, 2021-2024
    2. 4.1.2.2. Imports, 2018-2025
    3. 4.1.2.3. Exports, 2018-2025
    4. 4.1.2.4. Market size, 2021-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Bosnia and Herzegovina
  1. 5.1.1. In kind, 2021-2024, t
  2. 5.1.2. In value, 2021-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, t
  2. 5.2.2. In value, 2018-2024, K $ US
3. 5.3. Global production by Country, 2018-2023
  1. 5.3.1. Global Production by Country in kind
    1. 5.3.1.1. Annual dynamics of production by country in kind, 2018-2023, K t
    2. 5.3.1.2. Structure of production by countries in kind, 2018-2023
    3. 5.3.1.3. Dynamics of peoduction structure by countries in kind, 2018-2023
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, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Bosnia and Herzegovina in value, 2018-2025, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Bosnia and Herzegovina by countries, 2018-2025, M $ 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, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Bosnia and Herzegovina in value, 2018-2025, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Bosnia and Herzegovina by countries, 2018-2025, M $ 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, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Bosnia and Herzegovina in value, 2018-2025, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Bosnia and Herzegovina by countries, 2018-2025, M $ 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, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Bosnia and Herzegovina in value, 2018-2025, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Bosnia and Herzegovina by countries, 2018-2025, M $ 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, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, M $ 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 chocolate and cocoa products 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	-

Source: SHEV.io

In kind, 2018-2021, t

Top producers of chocolate and cocoa products, 2018-2021

Source: SHEV.io

World map of production of chocolate and cocoa products, 2018-2021

Source: SHEV.io

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

Exports chocolate and cocoa products from Bosnia and Herzegovina

Exports in kind, t

In 2021, Bosnia and Herzegovina exported 4 242 tonnes of chocolate and cocoa products, marking a 5.4% decrease from the previous year. Looking at the period from 2018 to 2021, exports fell by 9.6%, with a compound annual growth rate of 3.3%. The lowest export volume was recorded in 2019 at 3 915 tonnes. That year also saw the largest decline of 16.5%, while 2020 experienced the biggest increase of 14.5%.

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	(16.5%)	14.5%	(5.4%)	(3.3%)

Source: SHEV.io

From 2018 to 2021, Serbia, Montenegro, and North Macedonia were the top buyers of chocolate and cocoa products from Bosnia and Herzegovina. Serbia accounted for 45.5% of exports in kind, Montenegro for 16.0%, and North Macedonia for 15.3%. Together, these three countries represented 76.8% of total exports in kind during this period.

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, M $ US

In 2021, Bosnia and Herzegovina's exports of chocolate and cocoa products were valued at 13.1 million US dollars, a 5.0% drop compared to the previous year. The lowest value was recorded in 2019 at 10.9 million US dollars, while the peak occurred in 2020 at 13.8 million US dollars. The largest decline of 16.0% was in 2019, and the biggest increase of 26.8% was in 2020.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(16.0%)	26.8%	(5.0%)	0.4%

Source: SHEV.io

Between 2018 and 2021, Serbia, Montenegro, and North Macedonia remained the leading destinations for Bosnia and Herzegovina's chocolate and cocoa exports in value terms. Serbia held 48.1% of exports in value, Montenegro 14.5%, and North Macedonia 13.4%. Collectively, they made up 76.1% of total export flows.

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 chocolate and cocoa products to Bosnia and Herzegovina

Imports in kind, t

In 2021, Bosnia and Herzegovina imported 21 943 tonnes of chocolate and cocoa products, showing a moderate 9.8% increase from 2020. Over the 2018-2021 period, imports grew by 13.2%, with a compound annual growth rate of 4.2%. The largest decline was a slight 1.1% in 2020.

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	4.3%	(1.1%)	9.8%	4.2%

Source: SHEV.io

From 2018 to 2021, the main sources for chocolate and cocoa product imports to Bosnia and Herzegovina in kind were Serbia, Croatia, and Germany. Serbia contributed 26.3% of imports in kind, Croatia 21.8%, and Germany 11.3%. Together, these countries accounted for 59.4% of total import flows.

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, M $ US

Bosnia and Herzegovina's imports of chocolate and cocoa products have risen for the third year in a row. In 2021, imports reached 113.8 million US dollars, reflecting a notable 12.3% year-over-year increase. Between 2018 and 2021, imports surged by 17.7%, equivalent to an annualized rate of 5.6%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	3.1%	1.7%	12.3%	5.6%

Source: SHEV.io

During 2018-2021, Croatia, Serbia, and Germany were the principal suppliers of chocolate and cocoa products to Bosnia and Herzegovina in value terms. Croatia accounted for 19.1% of imports in value, Serbia for 17.2%, and Germany for 16.4%. Combined, they represented 52.8% of total imports in 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