Earlier Report Observations
The market volume for iron ores and concentrates in Bosnia and Herzegovina entered a sustained downward trajectory from 2021 onward. After reaching 1.57 million tons in 2021, consumption fell by 12% to 1.39 million tons in 2022, then by a further 15% to 1.18 million tons in 2023, and finally by 17% to 974 thousand tons in 2024. Over this three-year period, the physical market shrank by 38%.
In monetary terms, the market displayed more volatility. Contrary to the volume trend, the market's value increased by 14% to $47.7 million in 2022, likely reflecting higher unit prices. However, this was followed by a sharp 15% drop to $40.3 million in 2023 and another 13% decline to $35.1 million in 2024. Trade data show sporadic import activity, with notable volumes in 2019 and 2022, while exports remained relatively consistent at around 15 thousand tons annually.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2021-2024
- 4.1.1.2. Imports, 2018-2025
- 4.1.1.3. Exports, 2018-2025
- 4.1.1.4. Market size, 2021-2024
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4.1.2. In value
- 4.1.2.1. Production, 2021-2024
- 4.1.2.2. Imports, 2018-2025
- 4.1.2.3. Exports, 2018-2025
- 4.1.2.4. Market size, 2021-2024
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Bosnia and Herzegovina
- 5.1.1. In kind, 2021-2024, K t
- 5.1.2. In value, 2021-2024, K $ US
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5.2. Production in the EU, 2018-2024
- 5.2.1. In kind, 2018-2024, K t
- 5.2.2. In value, 2018-2024, K $ US
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5.1. Production in Bosnia and Herzegovina
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, K t
- 6.1.2.1. Annual dynamics of product's imports to Bosnia and Herzegovina in kind, 2018-2025, K t
- 6.1.2.2. Dynamics of product's imports in kind to Bosnia and Herzegovina by countries, 2018-2025, K t
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
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6.1.3. Imports in value, K $ US
- 6.1.3.1. Annual dynamics of product's imports to Bosnia and Herzegovina in value, 2018-2025, K $ US
- 6.1.3.2. Dynamics of product's imports in value to Bosnia and Herzegovina by countries, 2018-2025, K $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
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6.1.4. Average price of product's imports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's imports to Bosnia and Herzegovina, 2018-2025, $ US/t
- 6.1.4.2. Dynamics of average price of product's imports to Bosnia and Herzegovina by countries, 2018-2025, $ US/t
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, K t
- 6.2.2.1. Annual dynamics of product's imports to Bosnia and Herzegovina in kind, 2018-2025, K t
- 6.2.2.2. Dynamics of product's imports in kind to Bosnia and Herzegovina by countries, 2018-2025, K t
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
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6.2.3. Imports in value, K $ US
- 6.2.3.1. Annual dynamics of product's imports to Bosnia and Herzegovina in value, 2018-2025, K $ US
- 6.2.3.2. Dynamics of product's imports in value to Bosnia and Herzegovina by countries, 2018-2025, K $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
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6.2.4. Average price of product's imports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's imports to Bosnia and Herzegovina, 2018-2025, $ US/t
- 6.2.4.2. Dynamics of average price of product's imports to Bosnia and Herzegovina by countries, 2018-2025, $ US/t
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6.1. Imports (Direct Data)
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7. Exports
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7.1. Exports (Direct Data)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, K t
- 7.1.2.1. Annual dynamics of product's exports from Bosnia and Herzegovina in kind, 2018-2025, K t
- 7.1.2.2. Dynamics of product's exports in kind from Bosnia and Herzegovina by countries, 2018-2025, K t
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
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7.1.3. Exports in value, K $ US
- 7.1.3.1. Annual dynamics of product's exports from Bosnia and Herzegovina in value, 2018-2025, K $ US
- 7.1.3.2. Dynamics of product's exports in value from Bosnia and Herzegovina by countries, 2018-2025, K $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
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7.1.4. Average price of product's exports, $ US/t
- 7.1.4.1. Annual dynamics of average price of product's exports from Bosnia and Herzegovina, 2018-2025, $ US/t
- 7.1.4.2. Dynamics of average price of product's exports from Bosnia and Herzegovina by countries, 2018-2025, $ US/t
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, K t
- 7.2.2.1. Annual dynamics of product's exports from Bosnia and Herzegovina in kind, 2018-2025, K t
- 7.2.2.2. Dynamics of product's exports in kind from Bosnia and Herzegovina by countries, 2018-2025, K t
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
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7.2.3. Exports in value, K $ US
- 7.2.3.1. Annual dynamics of product's exports from Bosnia and Herzegovina in value, 2018-2025, K $ US
- 7.2.3.2. Dynamics of product's exports in value from Bosnia and Herzegovina by countries, 2018-2025, K $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
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7.2.4. Average price of product's exports, $ US/t
- 7.2.4.1. Annual dynamics of average price of product's exports from Bosnia and Herzegovina, 2018-2025, $ US/t
- 7.2.4.2. Dynamics of average price of product's exports from Bosnia and Herzegovina by countries, 2018-2025, $ US/t
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7.1. Exports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, K t
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, K t
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2025
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production iron ores and concentrates excluding roasted iron pyrites 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 | - |
In kind, 2018-2021, K t
Annual dynamics of production in Bosnia and Herzegovina in kind, 2018-2021, K t
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | n/a | - |
Exports iron ores and concentrates excluding roasted iron pyrites from Bosnia and Herzegovina
Exports in kind, K t
The market showed an unstable trend over the period. The lowest volume was recorded in 2019 at 8.4 thousand tons, while the highest was observed in 2021 at 16.0 thousand tons, representing a 1.9-fold difference between these years. In 2021, exports of iron ores and concentrates (excluding roasted iron pyrites) from Bosnia and Herzegovina increased by 6.5% compared to the previous year. The largest decline occurred in 2019 with a 40.1% drop, while the largest increase was in 2020 with a 78.1% rise.
Annual dynamics of product's exports from Bosnia and Herzegovina in kind, 2018-2021, K t
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (40.1%) | 78.1% | 6.5% | 4.3% |
From 2018 to 2021, Hungary and Croatia played central roles in exports in kind, together accounting for 25.7% of total 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
In 2021, exports of iron ores and concentrates (excluding roasted iron pyrites) from Bosnia and Herzegovina reached 284 thousand US dollars, marking a significant increase of 10.6% compared to the previous year. Over the 2018-2021 period, exports grew by 14.8%, with a compound annual growth rate of 4.7%. The largest decline was recorded in 2020 at 2.6%.
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 | 6.5% | (2.6%) | 10.6% | 4.7% |
Between 2018 and 2021, Hungary and Croatia were the principal markets for exports in value terms of iron ores and concentrates (excluding roasted iron pyrites) from Bosnia and Herzegovina, jointly representing 21.3% of total 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 iron ores and concentrates excluding roasted iron pyrites to Bosnia and Herzegovina
Imports in kind, K t
The market exhibited volatile behavior during these years. The lowest imports were recorded in 2020 at 0.2 thousand tons, while the highest stood at 110.8 thousand tons in 2019, reflecting a 512-fold gap between these years. In 2021, Bosnia and Herzegovina imported 30.8 thousand tons of iron ores and concentrates (excluding roasted iron pyrites), which represents a dramatic increase of 14 133.5% compared to 2020. The largest decline occurred in 2020 with a 99.8% drop, while the largest increase was in 2019 with a 31 893.8% rise.
Annual dynamics of product's imports to Bosnia and Herzegovina in kind, 2018-2021, K t
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 31 893.8% | (99.8%) | 14 133.5% | 346.3% |
From 2018 to 2021, the country structure of imports in kind was highly concentrated, with Liberia and Spain jointly accounting for 99.4% of total 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
There were noticeable fluctuations in market performance during the period. Imports reached their lowest point in 2020 at 62 thousand US dollars, while hitting their maximum in 2019 at 8 865 thousand US dollars—a swing of 143 times between these years. In 2021, imports of iron ores and concentrates (excluding roasted iron pyrites) into Bosnia and Herzegovina were recorded at 3 748 thousand US dollars, representing a substantial year-over-year increase of 5 951.8%. The largest decline was in 2020 with a 99.3% drop, while the largest increase occurred in 2019 with an 11 222.8% rise.
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 | 11 222.8% | (99.3%) | 5 951.8% | 263.1% |
Over the 2018-2021 period, Liberia and Spain consistently accounted for 98.1% of total imports in value terms, indicating a high degree of concentration alongside a long tail of 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
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