Market research

Iron or steel radiators and air heaters market in Bosnia and Herzegovina

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Submission method: to your account

File format: docx, xlsx

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Earlier Report Observations

Between 2018 and 2025, Bosnia and Herzegovina's imports of iron or steel radiators and air heaters showed considerable volatility. After starting at 10.5 million US dollars in 2018, imports dipped to around 8.4-8.7 million in 2019-2020, then jumped to 12.7 million in 2021. This was followed by a steep drop to 5.9 million in 2023 before a partial recovery to 8.4 million by 2025. Exports remained modest throughout, fluctuating between 200 000 and 340 000 US dollars.

Domestic production, recorded from 2021 onward, fell precipitously from 1.2 million US dollars in 2021 to just 64 000 US dollars in 2024. As a result, the total market size—calculated as production plus imports minus exports—contracted sharply from 13.6 million US dollars in 2021 to 6.3 million in 2023 and stabilized near that level in 2024.

The period from 2021 to 2024 marked a severe downturn for the local market, with production nearly vanishing and import values halving, leading to a much smaller overall market value.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In value
    1. 4.1.1.1. Production, 2021-2024
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2021-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Bosnia and Herzegovina
  1. 5.1.1. In value, 2021-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In value, 2018-2024, K $ US
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Bosnia and Herzegovina in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Bosnia and Herzegovina by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Bosnia and Herzegovina in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Bosnia and Herzegovina by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Bosnia and Herzegovina, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Bosnia and Herzegovina by countries, 2018-2025, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Bosnia and Herzegovina in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Bosnia and Herzegovina by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Bosnia and Herzegovina in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Bosnia and Herzegovina by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Bosnia and Herzegovina, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Bosnia and Herzegovina by countries, 2018-2025, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Bosnia and Herzegovina in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Bosnia and Herzegovina by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Bosnia and Herzegovina in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Bosnia and Herzegovina by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Bosnia and Herzegovina, 2018-2025, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Bosnia and Herzegovina by countries, 2018-2025, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Bosnia and Herzegovina in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Bosnia and Herzegovina by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Bosnia and Herzegovina in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Bosnia and Herzegovina by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Bosnia and Herzegovina, 2018-2025, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Bosnia and Herzegovina by countries, 2018-2025, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production iron or steel radiators and air heaters in Bosnia and Herzegovina

In value, 2018-2021, K $ US

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

Exports iron or steel radiators and air heaters from Bosnia and Herzegovina

Exports in kind, t

In 2021, Bosnia and Herzegovina exported 62 tonnes of iron or steel radiators and air heaters, representing a year-on-year decline of 43.9%. Over the period from 2018 to 2021, exports fell by 59.1%, with a compound annual growth rate of -25.8%. The largest decrease occurred in 2019, at 49.1%, while the most significant increase was recorded in 2020, at 43.3%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(49.1%)	43.3%	(43.9%)	(25.8%)

Source: SHEV.io

From 2018 to 2021, Serbia, Croatia, and Montenegro were the primary markets for Bosnia and Herzegovina's exports of iron or steel radiators and air heaters in volume terms. Serbia accounted for 35.1% of exports, Croatia for 29.8%, and Montenegro for 24.1%. Together, these three countries represented 89.0% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Bosnia and Herzegovina in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

Following a two-year decline, Bosnia and Herzegovina's exports of iron or steel radiators and air heaters in value terms rebounded in 2021, reaching 253 000 US dollars, a 7.8% increase compared to the previous year. Between 2018 and 2021, overall exports decreased by 22%, equivalent to an annualized rate of -7.9%. The lowest value was recorded in 2020 at 234 000 US dollars, while the largest decline occurred in 2019, at 23.8%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(23.8%)	(5.0%)	7.8%	(7.9%)

Source: SHEV.io

From 2018 to 2021, Croatia, Montenegro, and Serbia were the main destinations for Bosnia and Herzegovina's exports of iron or steel radiators and air heaters in value terms. Croatia accounted for 35.0% of exports, Montenegro for 28.0%, and Serbia for 17.9%. Collectively, these three markets made up 80.9% of total export flows.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Bosnia and Herzegovina in value, 2018-2021

Source: SHEV.io

Imports iron or steel radiators and air heaters to Bosnia and Herzegovina

Imports in kind, t

After a two-year decline, Bosnia and Herzegovina's imports of iron or steel radiators and air heaters in volume terms increased in 2021, totaling 6 597 tonnes, a 22.0% rise compared to 2020. Between 2018 and 2021, imports grew by 5.1%, with an annualized rate of 1.7%. The lowest volume was recorded in 2020 at 5 410 tonnes, while the largest decrease occurred in 2019, at 10.4%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(10.4%)	(3.8%)	22.0%	1.7%

Source: SHEV.io

From 2018 to 2021, Turkey was the dominant source for Bosnia and Herzegovina's imports of iron or steel radiators and air heaters in volume terms, accounting for 77.5% of total flows. The remaining share was distributed among several smaller markets.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Bosnia and Herzegovina in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

Following a two-year decline, Bosnia and Herzegovina's imports of iron or steel radiators and air heaters in value terms rose in 2021, reaching 12 673 000 US dollars, a year-on-year gain of 50.1%. Between 2018 and 2021, imports increased by 21.3%, equivalent to an annualized rate of 6.6%. The lowest value was recorded in 2020 at 8 444 000 US dollars, while the largest decline occurred in 2019, at 16.6%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(16.6%)	(3.1%)	50.1%	6.6%

Source: SHEV.io

From 2018 to 2021, Turkey, Poland, and Serbia were the leading sources for Bosnia and Herzegovina's imports of iron or steel radiators and air heaters in value terms. Turkey accounted for 65.7% of imports, Poland for 8.8%, and Serbia for 7.2%. Together, these three countries comprised 81.6% of total import flows.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Bosnia and Herzegovina in value, 2018-2021

Source: SHEV.io