Coniferous shaped wood market in Bosnia and Herzegovina

Earlier Report Observations

In 2018, the market volume of coniferous shaped wood for parquet in Bosnia and Herzegovina reached 4 092 t, supported by the country's historically strong wood industry, where 80% of forests are state-owned, ensuring stable raw material supply. However, the lack of a unified legal framework for forestry, with 12 different laws across three federal units, created regulatory complications. By 2019, these issues intensified as the country was recognized by the European Commission as a priority for implementing the EU Timber Regulation (EUTR), increasing compliance pressure and likely contributing to the market volume drop to 2 450 t.

After 2019, the market showed volatile dynamics: volume rose to 3 695 t in 2020 but then sharply fell to 1 800 t in 2022 and to 545 t in 2023. By 2024, volume stabilized at 539 t, indicating a substantial market contraction compared to the pre-crisis period. In value terms, the decline was less pronounced, which may reflect price increases or a shift toward higher-value products.

Production coniferous shaped wood in Bosnia and Herzegovina

In value, 2018-2021, K $ US

Bosnia and Herzegovina's production of coniferous shaped wood increased in value for the second consecutive year. In 2021, output was valued at 2 627 K $ US, marking a 17.0% rise compared to 2020. However, over the period from 2018 to 2021, production value decreased by 26.2%, with an average annual decline of 9.6%. The lowest value was recorded in 2019 at 1 920 K $ US, which saw the largest decline of 46.1%. In contrast, the largest increase occurred in 2020 at 17.0%.

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

In kind, 2018-2021, t

In 2021, Bosnia and Herzegovina produced 2 473 tonnes of coniferous shaped wood, representing a 17.8% decrease from the previous year. From 2018 to 2021, production volume fell by 24%, equating to an average annual decline of 8.7%. The lowest volume was recorded in 2019 at 2 006 tonnes, which experienced the largest decline of 38.3%. The largest increase was in 2020 at 49.9%.

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

Exports coniferous shaped wood from Bosnia and Herzegovina

Exports in kind, t

Bosnia and Herzegovina exported 515 tonnes of coniferous shaped wood in 2021, reflecting a 21.5% decrease from 2020. Over the period from 2018 to 2021, exports decreased by 27.3%, with an average annual decline of 10.1%. The largest increase was recorded in 2020 at 0.8%.

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

From 2018 to 2021, Croatia and Serbia were the key destinations for exports in kind, jointly accounting for 80.5% of total flows. Other partners contributed individually much smaller shares.

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

Coniferous shaped wood exports from Bosnia and Herzegovina declined in value for the second consecutive year. In 2021, exports reached 703 K $ US, equivalent to a 4.2% decrease from the previous year. Over the period from 2018 to 2021, export value decreased by 8.4%, with an average annual decline of 2.9%. The highest value was recorded in 2019 at 835 K $ US, which saw the largest increase of 8.8%. The largest decline occurred in 2020 at 12.1%.

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

From 2018 to 2021, Croatia, Serbia, and Austria were the top contributors to exports in value terms, with shares of 30.0%, 29.8%, and 14.3% respectively. Together, they accounted for 74.1% of total flows.

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 coniferous shaped wood to Bosnia and Herzegovina

Imports in kind, t

Bosnia and Herzegovina imported 647 tonnes of coniferous shaped wood in 2021, indicating a 51.9% decrease compared to 2020. Between 2018 and 2021, imports decreased by 58.2%, equating to an average annual decline of 25.3%. The largest increase was recorded in 2020 at 22.8%.

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

From 2018 to 2021, Austria absorbed 81.1% of total imports in kind of coniferous shaped wood to Bosnia and Herzegovina. The remaining imports were spread across a wide range of smaller destinations.

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

Bosnia and Herzegovina imported 1 002 K $ US of coniferous shaped wood in 2021, which is 20.9% lower year-on-year. Between 2018 and 2021, import value decreased by 30.4%, equating to an average annual decline of 11.4%. The largest increase was recorded in 2020 at 8.9%.

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

Throughout 2018 to 2021, the partner structure for imports in value terms was centred on Austria, whose share amounted to 75.7% of total flows. Other markets formed a less significant perimeter.

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