High-voltage switching, protection and connection apparatus market in Bosnia and Herzegovina

Earlier Report Observations

Between 2018 and 2021, imports of high-voltage switching and protection apparatus into Bosnia and Herzegovina fell by more than half, from 5.3 million to 2.4 million US dollars, indicating a period of reduced import volumes.

The market size began a sustained expansion from 2021, growing from 6.6 million to 10.1 million US dollars by 2024. This growth was primarily import-driven, with imports rising from 2.4 million to 6.0 million US dollars over the same period, while domestic production saw volatility. In 2023, the country's broader electrical equipment market recorded an 11.1% year-on-year revenue increase, supporting demand for high-voltage apparatus. Furthermore, the national use of Type F plugs and sockets, based on the grounded German system, establishes consistent safety and compatibility requirements for electrical apparatus.

By 2025, import values had further risen to 7.8 million US dollars, underscoring a continued reliance on foreign supplies to meet domestic demand.

Production high-voltage switching, protection and connection apparatus in Bosnia and Herzegovina

In value, 2018-2021, K $ US

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

Exports high-voltage switching, protection and connection apparatus from Bosnia and Herzegovina

Exports in kind, t

In 2021, Bosnia and Herzegovina exported 3.8 tonnes of high-voltage switching, protection, and connection apparatus, marking a significant 33.1% decline compared to 2020. Looking at the broader period from 2018 to 2021, exports fell by 41.8%, which translates to an annualized decrease of 16.5%. The lowest export volume was recorded in 2019 at 3.3 tonnes. That year also saw the largest decline of 48.6%, while the biggest increase occurred in 2020 with a 69.3% rise.

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

From 2018 to 2021, Montenegro, Serbia, and Croatia were the top destinations for Bosnia and Herzegovina's exports of high-voltage switching, protection, and connection apparatus in volume terms. Montenegro accounted for 32.0% of exports, Serbia for 21.8%, and Croatia for 18.2%. Together, these three countries made up 72.0% of the total export flows.

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 for these exports showed considerable volatility during this period. Export values fluctuated significantly, with a 3.8-fold difference between the peak in 2018 and the low in 2019. In 2021, Bosnia and Herzegovina's export value for high-voltage switching, protection, and connection apparatus reached 84 000 US dollars, which was 25.9% lower than the previous year. The lowest value was recorded in 2019 at 71 000 US dollars, with the largest decline that year at 73.6%. The biggest increase occurred in 2020, rising by 59.7%.

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

From 2018 to 2021, the leading destinations for Bosnia and Herzegovina's exports of high-voltage switching, protection, and connection apparatus in value terms were Rwanda, Serbia, and Montenegro. Rwanda accounted for 27.9% of export value, Serbia for 24.6%, and Montenegro for 17.4%. Collectively, these three countries represented 69.9% of the total export 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 high-voltage switching, protection and connection apparatus to Bosnia and Herzegovina

Imports in kind, t

After two years of decline, imports of foreign high-voltage switching, protection, and connection apparatus into Bosnia and Herzegovina increased in 2021. The import volume stood at 116.6 tonnes, showing a modest gain of 6.6% compared to the previous year. Over the period from 2018 to 2021, however, imports decreased by 52.1%, with a compound annual growth rate of -21.7%. The lowest import volume was recorded in 2020 at 109.4 tonnes. The largest decline occurred in 2019 with a 44.5% drop.

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

From 2018 to 2021, the partner landscape for imports of high-voltage switching, protection, and connection apparatus into Bosnia and Herzegovina was diverse. Croatia led with 16.9% of import volume, followed by Serbia at 14.4% and Italy at 10.1%. Together, these three countries accounted for only 41.3% of total import flows, while the remaining 58.7% came from a wide range of other countries.

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

Imports of foreign high-voltage switching, protection, and connection apparatus into Bosnia and Herzegovina declined for the third consecutive year in 2021. The import value reached 2 367 000 US dollars, representing an 11.9% decrease from the previous year. Between 2018 and 2021, imports fell by 55%, equating to an annualized decline of 23.3%.

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

From 2018 to 2021, imports of high-voltage switching, protection, and connection apparatus into Bosnia and Herzegovina came from a broad set of markets. Croatia accounted for 17.1% of import value, Italy for 16.4%, and Germany for 11.4%. Together, these three countries made up only 44.9% of total import value, with the remaining 55.1% sourced from numerous smaller destinations.

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