Limestone flux, limestone and calcareous stone market in Bosnia and Herzegovina

Earlier Report Observations

The market volume for limestone flux, limestone and calcareous stone in Bosnia and Herzegovina showed significant fluctuations between 2018 and 2024. Starting at 2 110 thousand tons in 2018, consumption grew strongly to a peak of 2 901 thousand tons in 2020. This was followed by a sharp contraction to 2 316 thousand tons in 2021, before a partial recovery to 2 888 thousand tons in 2022. The market then entered a downward trend, falling to 2 745 thousand tons in 2023 and dropping further to 1 913 thousand tons in 2024, its lowest level in the observed period.

In monetary terms, the market's value followed a different trajectory, particularly in 2024. While the physical volume declined that year, the market's value rose to 19.3 million US dollars, compared to 14.6 million US dollars in 2023. This divergence highlights a shift in market conditions affecting the relationship between volume and price over the latter part of the timeframe.

Production limestone flux, limestone and calcareous stone in Bosnia and Herzegovina

In value, 2018-2021, K $ US

In Bosnia and Herzegovina, the production value of limestone flux, limestone, and calcareous stone reached $12,434,000 in 2021, marking a 5.6% decrease from the previous year. Over the period from 2018 to 2021, production grew by 12.8%, with an average annual growth rate of 4.1%. The lowest value was recorded in 2019 at $10,899,000, while the peak occurred in 2020 at $13,176,000. The most significant increase was observed in 2020, with a rise of 20.9%.

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

In kind, 2018-2021, K t

Following two consecutive years of growth, Bosnia and Herzegovina's production of limestone flux, limestone, and calcareous stone declined. In 2021, output stood at 2,344,000 tonnes, reflecting a year-over-year drop of 20.2%. From 2018 to 2021, overall production increased by 9.5%, translating to an average annual growth rate of 3.1%. The highest production level was achieved in 2020 at 2,938,000 tonnes, which also saw the largest increase of 30.0%.

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

Exports limestone flux, limestone and calcareous stone from Bosnia and Herzegovina

Exports in kind, t

After a two-year upward trend, Bosnia and Herzegovina's exports of limestone flux, limestone, and calcareous stone fell. In 2021, exports totaled 28,219 tonnes, representing a sharp decline of 23.6% compared to 2020. Between 2018 and 2021, exports decreased by 9.1%, equivalent to an annualized rate of 3.1%. The peak export volume was recorded in 2020 at 36,958 tonnes, with the largest increase occurring that same year at 9.6%.

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

From 2018 to 2021, Croatia served as the primary destination for Bosnia and Herzegovina's limestone flux, limestone, and calcareous stone exports, consistently accounting for 99.1% of total export volumes.

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

Following two years of growth, Bosnia and Herzegovina's exports of limestone flux, limestone, and calcareous stone in value terms declined. In 2021, export value amounted to $195,800, down 24.5% year-over-year. Over the 2018-2021 period, exports increased by 5.5%, corresponding to an annualized growth rate of 1.8%. The highest export value was recorded in 2020 at $259,400, with the most substantial increase occurring in 2019 at 18.2%.

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

Between 2018 and 2021, Croatia was the dominant and nearly exclusive market for Bosnia and Herzegovina's limestone flux, limestone, and calcareous stone exports in value terms, representing 99.1% of 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 limestone flux, limestone and calcareous stone to Bosnia and Herzegovina

Imports in kind, t

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

From 2018 to 2021, Turkey was the primary source for Bosnia and Herzegovina's imports of limestone flux, limestone, and calcareous stone in volume terms, holding a 99.0% share 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

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

Throughout the 2018-2021 period, imports in value terms were heavily concentrated on Turkey, which accounted for 99.2% of total import flows.

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