Cosmetic powders and skin care preparations market in Bosnia and Herzegovina

Earlier Report Observations

The market for cosmetic powders and skin care preparations in Bosnia and Herzegovina expanded from $33 million in 2018 to $60.5 million in 2024, despite a temporary drop to $31 million in 2020. After the downturn, the market recovered strongly, with growth accelerating from 2021 onward.

In 2022, market growth was supported by rising consumer demand for natural and organic products, which spurred innovation in formulations and product development. The growing emphasis on sustainability, including biodegradable packaging and eco-friendly ingredients, further shaped production processes and consumer choices. Additionally, shifts toward personalized skin care and increased online sales enhanced market access and competition.

The market surge continued in 2023 and 2024, with the value jumping to $51 million and then $60.5 million, respectively. This rapid expansion likely reflected the ongoing influence of digital marketing and e-commerce, which broadened product availability and reinforced the trends toward natural and personalized cosmetics.

Production cosmetic powders and skin care preparations in Bosnia and Herzegovina

In value, 2018-2021, K $ US

In 2021, the output of cosmetic powders and skin care preparations in Bosnia and Herzegovina was valued at 2,038 thousand US dollars, marking a robust year-over-year increase of 16.1%. Production reached its lowest point in 2020 at 1,755 thousand US dollars, which saw the largest decline of 11.4%. Over the period from 2018 to 2021, production grew by 12.5%, translating to an annualized growth rate of 4.0%.

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

Exports cosmetic powders and skin care preparations from Bosnia and Herzegovina

Exports in kind, t

Exported volumes of cosmetic powders and skin care preparations from Bosnia and Herzegovina increased for the second consecutive year. In 2021, the country exported 98 tonnes, representing a 7.7% year-over-year rise. The lowest volume was recorded in 2019 at 86 tonnes, which experienced the largest decline of 1.4%. From 2018 to 2021, exports grew by 12.4%, with a compound annual growth rate of 4.0%.

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

From 2018 to 2021, Serbia, the United Arab Emirates, and Croatia remained the primary buyers of cosmetic powders and skin care preparations from Bosnia and Herzegovina in volume terms. Serbia accounted for 28.9% of exports, the United Arab Emirates for 15.3%, and Croatia for 11.4%. Together, these three countries formed 55.6% of total exports in kind.

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 value of cosmetic powders and skin care preparations exports from Bosnia and Herzegovina increased for the third consecutive year. In 2021, exports totaled 1,995 thousand US dollars, up by 34.2% compared to 2020. Over the period from 2018 to 2021, exports surged by 70.2%, with a compound annual growth rate of 19.4%.

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

From 2018 to 2021, Serbia, Croatia, and the United Arab Emirates were the largest buyers of cosmetic powders and skin care preparations from Bosnia and Herzegovina in value terms. Serbia contributed 23.3% of exports, Croatia 14.1%, and the United Arab Emirates 12.7%. Collectively, these three markets accounted for 50.1% of total export value.

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 cosmetic powders and skin care preparations to Bosnia and Herzegovina

Imports in kind, t

In 2021, shipments of cosmetic powders and skin care preparations to Bosnia and Herzegovina from abroad amounted to 2,884 tonnes, a 6.9% increase compared to 2020. The largest decline occurred in 2020, with a drop of 3.5%. Over the period from 2018 to 2021, imports grew by 9%, with a compound annual growth rate of 2.9%.

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

From 2018 to 2021, Germany, Slovenia, and Poland were the main sources of cosmetic powders and skin care preparations imports to Bosnia and Herzegovina in volume terms. Germany accounted for 24.8% of imports, Slovenia for 16.1%, and Poland for 10.1%. Together, these three countries absorbed 51.0% of total imports in kind.

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 import volume of cosmetic powders and skin care preparations reached 38,692 thousand US dollars, showing a 25.8% increase compared to the previous year. The lowest value was recorded in 2020 at 30,750 thousand US dollars, which saw the largest decline of 8.9%. Between 2018 and 2021, imports increased by 19.5%, equating to an annualized growth rate of 6.1%.

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

The structure of imports in value terms from 2018 to 2021 indicates a diversified set of partners. France accounted for 18.8% of imports, Germany for 18.1%, and Serbia for 11.9%. Together, these three countries represented 48.9% of total import flows, while the remaining 51.1% was distributed among numerous smaller markets.

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