Milk with fat content of >1% and ≤6% market in Bosnia and Herzegovina

Earlier Report Observations

Between 2018 and 2024, the market volume for milk with >1% to ≤6% fat content in Bosnia and Herzegovina experienced significant fluctuations. It peaked at 119.7 thousand tons in 2019, then declined steadily to 88.4 thousand tons by 2023, before recovering to 98.5 thousand tons in 2024. In value terms, the market showed consistent growth, rising from 55.1 million USD in 2018 to 78.5 million USD in 2024.

The post-2020 decline in production volumes, from 163.4 thousand tons in 2020 to 123.8 thousand tons in 2023, was primarily driven by rising feed costs on international and domestic markets, which increased input expenses for dairy farmers. Concurrently, market liberalization and customs concessions altered competitive dynamics, contributing to a sharp drop in imports from 44.1 thousand tons in 2019 to 11.5 thousand tons in 2022.

The dairy sector in Bosnia and Herzegovina is structured around approximately 9,000 agricultural producers and 20 dairies, with 11 of them exporting milk and dairy products to the European market. The average milk fat content of 3.9% aligns with the specified product segment. The volume recovery in 2024 coincided with ongoing adjustments to these market conditions.

Production milk with fat content of >1% and ≤6% in Bosnia and Herzegovina

In value, 2018-2021, K $ US

In Bosnia and Herzegovina, the production value of milk with a fat content between 1% and 6% reached 90 626 thousand US dollars in 2021, marking a 2.7% decrease from the previous year. Over the period from 2018 to 2021, production grew by 11.4%, with an average annual growth rate of 3.6%. The lowest value was recorded in 2019 at 79 767 thousand US dollars, while the peak occurred in 2020 at 93 178 thousand US dollars. The most significant increase was observed in 2020, with a rise of 16.8%.

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

In kind, 2018-2021, K t

Following two years of growth, Bosnia and Herzegovina's production volume of milk with a fat content between 1% and 6% declined. In 2021, the country produced 148.5 thousand tonnes, representing a 9.1% drop compared to 2020. From 2018 to 2021, overall production increased by 9.9%, translating to an annualized growth rate of 3.2%. The highest volume was recorded in 2020 at 163.4 thousand tonnes, with the largest increase of 15.5% also occurring that year.

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

Exports milk with fat content of >1% and ≤6% from Bosnia and Herzegovina

Exports in kind, t

After two consecutive years of growth, Bosnia and Herzegovina's exports of milk with a fat content between 1% and 6% decreased. In 2021, the country exported 63 682 tonnes, reflecting a 10.2% decline from the previous year. Between 2018 and 2021, exports rose by 6.5%, equivalent to an annualized rate of 2.1%. The peak export volume was recorded in 2020 at 70 950 tonnes, while the most substantial increase of 10.2% took place in 2019.

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

From 2018 to 2021, the primary destinations for Bosnia and Herzegovina's milk exports in kind were Serbia, accounting for 36.7% of exports, Montenegro with 26.4%, and North Macedonia at 23.0%. Together, these three countries represented 86.1% of total export 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

Following a two-year upward trend, Bosnia and Herzegovina's export value of milk with a fat content between 1% and 6% declined. In 2021, exports amounted to 35 580 thousand US dollars, which is 7.4% lower than the previous year. Over the 2018-2021 period, export value increased by 7%, with a compound annual growth rate of 2.3%. The highest value was recorded in 2020 at 38 418 thousand US dollars, and the largest increase of 11.3% also occurred in that year.

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

Between 2018 and 2021, Serbia was the leading destination for Bosnia and Herzegovina's milk exports in value terms, comprising 36.2% of the total. Montenegro followed with 28.1%, and North Macedonia accounted for 23.8%. Collectively, these three markets represented 88.1% of total export value 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 milk with fat content of >1% and ≤6% to Bosnia and Herzegovina

Imports in kind, t

Import volumes of milk with a fat content between 1% and 6% into Bosnia and Herzegovina showed significant volatility during this period. From a low in 2021 to a high in 2019, volumes varied by a factor of 4.1. In 2021, imports totaled 10 696 tonnes, indicating a sharp decline of 56.8% compared to the previous year. The peak import volume was recorded in 2019 at 44 124 tonnes, with the largest increase of 195.8% also occurring that year.

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

Throughout 2018-2021, Serbia and Croatia were the dominant sources for Bosnia and Herzegovina's milk imports in kind, jointly accounting for 92.4% of total import flows. Other countries contributed relatively minor shares.

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

The import value of milk with a fat content between 1% and 6% into Bosnia and Herzegovina displayed an unstable trend from 2018 to 2021. Values reached their lowest point in 2021 and peaked in 2019, showing a 2.9-fold difference between these years. In 2021, imports amounted to 5 786 thousand US dollars, representing a sudden contraction of 44.6% from the previous year. The maximum value was recorded in 2019 at 17 033 thousand US dollars, with the largest increase of 145.7% also occurring that year.

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

From 2018 to 2021, Serbia and Croatia remained the primary suppliers of milk with a fat content between 1% and 6% to Bosnia and Herzegovina in value terms, together accounting for 91.8% of total imports. Other countries made up the remainder.

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