Furniture fittings market in Bosnia and Herzegovina

Earlier Report Observations

The market for furniture fittings in Bosnia and Herzegovina, measured in physical volume and monetary value, entered a phase of contraction beginning in 2021. After a peak that year, both market size indicators declined consistently over the following two years, reflecting a broader reduction in market activity. This downward trajectory was reversed in 2024, with the market registering a moderate recovery in both volume and value.

The market's evolution was closely tied to import dynamics, as domestic production remained minimal. Import volumes and values mirrored the overall market trend, falling from 2021 to 2023 before partially rebounding in 2024. The parallel movement in volume and value suggests that changes were primarily driven by the quantity of goods traded rather than significant price shifts.

By the end of 2024, the market volume had reached 3 717 tons, and its value stood at 15.9 million dollars. This positioned the market below its 2021 levels but demonstrated a stabilization following the preceding period of decline.

Production furniture fittings in Bosnia and Herzegovina

In value, 2018-2021, $ US

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

In kind, 2018-2021, kg

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

Exports furniture fittings from Bosnia and Herzegovina

Exports in kind, t

The market exhibited volatility during the observed period. Exports reached their lowest point in 2020 at 211 tonnes, then surged to 399 tonnes in 2021, marking an 89.2% increase from the previous year. The difference between these years was 1.9-fold, with the largest decline of 18.6% recorded in 2020.

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

From 2018 to 2021, Slovenia, Italy, and Croatia formed the core of exports in kind, accounting for 80.6% of total flows. Slovenia led with 33.9% of exports, followed by Italy at 33.3%, and Croatia at 13.4%.

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

Cross-border shipments of furniture fittings from Bosnia and Herzegovina increased for the second consecutive year. Exports reached their lowest point in 2019 at 688 thousand US dollars, with a decline of 21.2% that year. By 2021, exports had risen to 1 368 thousand US dollars, a 63.8% gain from the previous year. Overall, from 2018 to 2021, exports grew by 56.5%, equivalent to an annualized rate of 16.1%.

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

In the period from 2018 to 2021, Germany, Italy, and Slovenia were the main destinations for exports in value terms, together representing 78.0% of total flows. Germany accounted for 42.3% of exports, Italy for 18.1%, and Slovenia for 17.6%.

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 furniture fittings to Bosnia and Herzegovina

Imports in kind, t

Imports of furniture fittings into Bosnia and Herzegovina showed a significant rise in 2021, reaching 4 503 tonnes, a 30.5% increase from the previous year. The lowest point was in 2020 at 3 451 tonnes, with a decline of 15.8% that year. Over the 2018-2021 period, imports grew by 10.4%, with a compound annual growth rate of 3.4%.

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

From 2018 to 2021, China, Turkey, and Italy led the structure of imports in kind, together accounting for 61.4% of total flows. China contributed 25.7% of imports, Turkey 22.6%, and Italy 13.1%.

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

After a two-year decline, imports of furniture fittings into Bosnia and Herzegovina rebounded in 2021, reaching 19 144 thousand US dollars, a sharp 36.0% increase from the previous year. The minimum value was recorded in 2020 at 14 074 thousand US dollars, while the largest decline of 7.3% occurred in 2019. Overall, from 2018 to 2021, imports increased by 17.9%, with a compound annual growth rate of 5.6%.

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

In the 2018-2021 period, China, Turkey, and Austria were the top suppliers of furniture fittings to Bosnia and Herzegovina in value terms, jointly representing 50.9% of total imports. China accounted for 18.4%, Turkey for 16.9%, and Austria for 15.5%.

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