Iron or steel tube or pipe fittings including couplings, elbows and sleeves market in Bosnia and Herzegovina

Earlier Report Observations

From 2021 to 2022, the iron or steel tube or pipe fittings market in Bosnia and Herzegovina saw a significant expansion in physical volume, rising by 32% from 2,231 t to 2,938 t. This growth was supported by the post-pandemic recovery, as the easing of COVID-19 restrictions in 2021 revived imports and production. Increased investment in domestic infrastructure projects further stimulated demand for steel pipes and fittings. In 2022, additional momentum came from heightened demand in the construction and oil & gas sectors. However, global increases in raw material and energy prices began to affect the market, resulting in a more modest 6% rise in market value to 22.3 million US dollars.

By 2023, market volume contracted by 23% to 2,273 t, while the market value grew by 19% to 26.6 million US dollars, indicating sustained price pressure from high input costs. In 2024, the market declined more sharply, with volume falling 43% to 1,303 t and value dropping 35% to 17.4 million US dollars.

Underlying market dynamics were shaped by earlier developments. The entry of new local players, primarily small and medium-sized enterprises, added vibrancy to the market from 2018 onward. The COVID-19 pandemic in 2020 caused temporary supply-chain disruptions but also spurred demand for sanitary and medical pipes and fittings, setting the stage for the subsequent recovery period.

Production iron or steel tube or pipe fittings in Bosnia and Herzegovina

In value, 2018-2021, K $ US

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

In kind, 2018-2021, t

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

Exports iron or steel tube or pipe fittings from Bosnia and Herzegovina

Exports in kind, t

In 2021, Bosnia and Herzegovina exported 1,965 tons of iron or steel tube or pipe fittings, including couplings, elbows, and sleeves, marking a solid 14.0% increase compared to 2020. Looking at the broader period from 2018 to 2021, exports grew by 26.9%, which translates to an annualized growth rate of 8.3%. The largest decline occurred in 2020, with a drop of 6.9%, while the most significant increase was recorded in 2019, at 19.5%.

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

From 2018 to 2021, Austria was the dominant destination for Bosnia and Herzegovina's exports of iron or steel tube or pipe fittings, including couplings, elbows, and sleeves, accounting for 82.4% of total shipments. The remaining share was distributed among several smaller markets.

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

In 2021, Bosnia and Herzegovina exported iron or steel tube or pipe fittings, including couplings, elbows, and sleeves, valued at 7,202 thousand US dollars, indicating a 37.5% increase from the previous year. Over the period from 2018 to 2021, exports rose by 20.9%, with a compound annual growth rate of 6.5%. The lowest value was recorded in 2020 at 5,240 thousand US dollars, which also saw the largest decline of 17.4%.

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

Between 2018 and 2021, Austria and Germany were the primary buyers of iron or steel tube or pipe fittings, including couplings, elbows, and sleeves, from Bosnia and Herzegovina, together accounting for 85.9% of total export value. Other partners played a less significant role in the export structure.

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 iron or steel tube or pipe fittings to Bosnia and Herzegovina

Imports in kind, t

Imports of iron or steel tube or pipe fittings, including couplings, elbows, and sleeves, into Bosnia and Herzegovina increased for the third consecutive year. In 2021, the import volume reached 4,090 tons, representing a 6.7% uptick compared to the previous year. From 2018 to 2021, imports grew by 45.5%, with a compound annual growth rate of 13.3%.

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

Throughout 2018 to 2021, Austria, China, and Croatia formed the core of Bosnia and Herzegovina's imports in kind for iron or steel tube or pipe fittings, including couplings, elbows, and sleeves. Austria accounted for 44.9% of imports, China for 11.4%, and Croatia for 11.1%, together making up 67.3% of total import flows.

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's imports of iron or steel tube or pipe fittings, including couplings, elbows, and sleeves, increased for the third year in a row. In 2021, imports were valued at approximately 27,047 thousand US dollars, showing a sharp 32.5% year-over-year uptick. Between 2018 and 2021, imports surged by 143.3%, equating to an annualized growth rate of 34.5%.

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

From 2018 to 2021, Austria, Croatia, and China were the main suppliers of iron or steel tube or pipe fittings, including couplings, elbows, and sleeves, to Bosnia and Herzegovina. Austria contributed 47.8% of import value, Croatia 8.1%, and China 6.7%, jointly accounting for 62.5% of total imports in value terms.

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