Metal furniture excluding office use market in Bosnia and Herzegovina

Earlier Report Observations

The market for metal furniture excluding office use in Bosnia and Herzegovina saw its volume grow from 4 917 t in 2018 to a peak of 5 740 t in 2022, before declining to 4 645 t in 2024. In value terms, the market expanded more substantially, reaching $22.9 million in 2024 from $16.2 million in 2018, with fluctuations along the way.

The decline in physical volume after 2022 coincided with a rise in market value, suggesting shifts in product mix or pricing dynamics. The market's value growth was particularly strong in 2024, increasing by 18% year-on-year to $22.9 million, even as volume fell by 13% to 4 645 t.

Production metal furniture not for office use in Bosnia and Herzegovina

In value, 2018-2021, K $ US

The production of metal furniture excluding office use in Bosnia and Herzegovina has increased for the third consecutive year. In 2021, output reached 11 255 thousand US dollars, marking a 25.3% rise compared to the previous year. From 2018 to 2021, production grew by 50.5%, with a compound annual growth rate of 14.6%.

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

In kind, 2018-2021, t

In 2021, Bosnia and Herzegovina produced 2 462 tonnes of metal furniture excluding office use, representing a sharp increase of 30.5% from 2020. Between 2018 and 2021, production rose by 39.9%, equating to an annualized growth rate of 11.8%. The largest decline occurred in 2020, with a drop of 9.8%.

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

Exports metal furniture not for office use from Bosnia and Herzegovina

Exports in kind, t

Bosnia and Herzegovina's export volume of metal furniture excluding office use has grown for the third year in a row. In 2021, exports totaled 1 577 tonnes, which is 31.6% higher than the previous year. From 2018 to 2021, exports increased by 82.1%, corresponding to an annualized rate of 22.1%.

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

From 2018 to 2021, Italy, Switzerland, and Germany remained the top buyers of metal furniture excluding office use from Bosnia and Herzegovina, accounting for 21.2%, 19.9%, and 19.5% of exports in kind, respectively. Together, these three countries represented 60.6% of total exports in kind.

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 value of Bosnia and Herzegovina's exports of metal furniture excluding office use has risen for the third consecutive year. In 2021, exports amounted to 6 644 thousand US dollars, up by 58.8% compared to the previous year. Between 2018 and 2021, export value increased by 124.8%, with an annualized growth rate of 31.0%.

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

Throughout 2018 to 2021, Switzerland, Germany, and Italy were the leading destinations for Bosnia and Herzegovina's exports of metal furniture excluding office use in value terms, contributing 27.7%, 22.6%, and 10.2% of total export value, respectively. Collectively, these three countries accounted for 60.4% 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 metal furniture not for office use to Bosnia and Herzegovina

Imports in kind, t

After two years of growth, imports of metal furniture excluding office use into Bosnia and Herzegovina declined. In 2021, imports were recorded at 4 657 tonnes, showing a moderate decrease of 5.8% from 2020. Over the period from 2018 to 2021, imports increased by 15.7%, with a compound annual growth rate of 5.0%. The highest import volume was in 2020 at 4 944 tonnes, while the largest increase occurred in 2019 with a rise of 14.3%.

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

From 2018 to 2021, imports in kind of metal furniture excluding office use to Bosnia and Herzegovina were distributed across a wide range of partner countries. Slovenia, China, and Germany were the top sources, accounting for 16.2%, 15.6%, and 9.7% of imports in kind, respectively. Together, these three countries made up 41.5% 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

In 2021, Bosnia and Herzegovina imported metal furniture excluding office use valued at 24 500 thousand US dollars, representing a 24.5% increase from the previous year. From 2018 to 2021, import value grew by 30.2%, with a compound annual growth rate of 9.2%. The largest decline was recorded in 2020, with a drop of 6.0%.

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

During 2018 to 2021, imports in value terms of metal furniture excluding office use to Bosnia and Herzegovina were relatively evenly spread among various countries. China, Slovenia, and Serbia were the leading sources, contributing 15.9%, 14.6%, and 13.1% of import value, respectively. Together, these three countries accounted for 43.6% 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