Concrete tiles and flagstones market in Bosnia and Herzegovina

Earlier Report Observations

The market volume for concrete tiles and flagstones in Bosnia and Herzegovina, measured in tonnes, grew from 65 448 t in 2018 to a peak of 70 259 t in 2020. This upward trend reversed in 2021 with a sharp contraction to 53 667 t. A gradual recovery followed, bringing volume to 56 711 t in 2022, 57 379 t in 2023, and 64 543 t in 2024, though it remained below the 2020 high.

In value terms, the market displayed more pronounced volatility. After declining to 4.5 million USD in 2019 from 5.8 million USD in 2018, the market value surged to 6.5 million USD in 2020 and continued growing steadily, reaching 7.5 million USD in 2021 and 9.5 million USD in 2022. It stabilized near 9.6 million USD in 2023 before a significant increase to 13.3 million USD in 2024, more than doubling its value since 2019.

Production concrete tiles and flagstones in Bosnia and Herzegovina

In value, 2018-2021, K $ US

Production of concrete tiles and flagstones in Bosnia and Herzegovina has increased for the third consecutive year. In 2021, the output was valued at 4 689 thousand US dollars, marking a 4.7% year-over-year rise. From 2018 to 2021, production grew by 48.3%, with a compound annual growth rate of 14.0%.

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

In kind, 2018-2021, t

After two years of growth, Bosnia and Herzegovina's production of concrete tiles and flagstones declined. In 2021, the country produced 36 152 tonnes, showing a steep 31.3% drop compared to the previous year. Between 2018 and 2021, production decreased by 20.7%, equating to an annualized rate of 7.4%. The highest production volume was recorded in 2020 at 52 625 tonnes, while the largest increase occurred in 2019 with a 12.2% rise.

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

Exports concrete tiles and flagstones from Bosnia and Herzegovina

Exports in kind, t

The data reveals irregular changes, indicating a volatile market environment. Exports reached their lowest point in 2018 and peaked in 2019, with a 2.1-fold difference between these years. In 2021, Bosnia and Herzegovina exported 9 988 tonnes of concrete tiles and flagstones, up 51.4% from 2020. The maximum volume was recorded in 2019 at 10 135 tonnes. The largest decline occurred in 2020 with a 34.9% drop, while the largest increase was in 2019 with a 110.1% surge.

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

From 2018 to 2021, Montenegro and Croatia were the main export destinations for concrete tiles and flagstones from Bosnia and Herzegovina, jointly accounting for 90.9% of total flows. The remaining share was distributed among other markets.

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 showed signs of volatility over the observed period. Exports hit their lowest point in 2018 and peaked in 2019, with a 4.5-fold amplitude between these years. In 2021, Bosnia and Herzegovina's exports of concrete tiles and flagstones totaled 978 thousand US dollars, representing a 13.1% reduction compared to the previous year. The maximum value was recorded in 2019 at 2 076 thousand US dollars. The largest decline occurred in 2020 with a 45.8% drop, while the largest increase was in 2019 with a 352.4% surge.

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

From 2018 to 2021, Montenegro remained the leading buyer of concrete tiles and flagstones from Bosnia and Herzegovina, accounting for 74.3% of total exports in value terms. The rest was spread across many other countries.

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 concrete tiles and flagstones to Bosnia and Herzegovina

Imports in kind, t

In 2021, Bosnia and Herzegovina imported 27 503 tonnes of concrete tiles and flagstones, constituting a 13.5% gain compared to the previous year. Between 2018 and 2021, imports increased by 11.3%, equating to an annualized rate of 3.6%. The minimum volume was recorded in 2020 at 24 233 tonnes, while the largest decline occurred in 2020 with a 6.8% drop.

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

From 2018 to 2021, Croatia, Hungary, and Slovenia were the leading sources for imports of concrete tiles and flagstones into Bosnia and Herzegovina. Croatia accounted for 35.7% of imports in kind, Hungary for 30.8%, and Slovenia for 28.6%, with a combined share of 95.1% of total 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

In 2021, Bosnia and Herzegovina's imports of concrete tiles and flagstones came to 3 783 thousand US dollars, indicating a 19.2% year-over-year rise. Over the period from 2018 to 2021, imports increased by 24.1%, with a compound annual growth rate of 7.5%. The largest decline was recorded in 2020 with a 6.6% drop.

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

From 2018 to 2021, the leading sources for imports of concrete tiles and flagstones into Bosnia and Herzegovina in value terms were Hungary, Croatia, and Slovenia. Hungary accounted for 31.9% of imports in value terms, Croatia for 27.6%, and Slovenia for 23.5%, jointly accounting for 83.0% of total 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