Earlier Report Observations
The market for non-agglomerated iron ores and concentrates in Bosnia and Herzegovina contracted significantly in physical terms between 2021 and 2024. Volume fell by 38% over the period, from 1 573 thousand tons to 974 thousand tons. In value terms, the market peaked at 47.7 million US dollars in 2022 before declining to 35.1 million US dollars by 2024.
This downward trend in market volume was mirrored by a steady decline in domestic production, which dropped from 1.6 million tons to under 1 million tons. Import values saw a notable spike in 2022, reaching 8.4 million US dollars, which contributed to the temporary surge in total market value that year, while export values remained relatively stable throughout the period.
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, 2019-2024
- 5.2.1. In kind, 2019-2024, K t
- 5.2.2. In value, 2019-2024, 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 non-agglomerated iron ores and concentrates 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 non-agglomerated iron ores and concentrates from Bosnia and Herzegovina
Exports in kind, K t
Market performance showed significant fluctuations during this period. Exports reached their lowest point in 2019 at 8.4 thousand tons, then peaked in 2021 at 16.0 thousand tons, representing a 1.9-fold increase from the low. Between 2020 and 2021, exports grew by 6.5%. The most substantial decline occurred in 2019, dropping by 40.1%, while the largest increase was recorded in 2020, surging by 78.1%.
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 were the primary markets for 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, Bosnia and Herzegovina's exports of non-agglomerated iron ores and concentrates amounted to 284 thousand US dollars, marking a 10.6% increase 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 observed in 2020, falling by 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% |
Throughout 2018-2021, Hungary and Croatia remained the leading markets for exports in value terms of non-agglomerated iron ores and concentrates from Bosnia and Herzegovina, together 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 non-agglomerated iron ores and concentrates to Bosnia and Herzegovina
Imports in kind, K t
Market performance exhibited notable fluctuations during this period. Imports bottomed out in 2020 at 0.2 thousand tons, then peaked in 2019 at 110.8 thousand tons, showing a 513-fold difference between these years. In 2021, Bosnia and Herzegovina's imports of non-agglomerated iron ores and concentrates totaled 30.8 thousand tons, which represents a dramatic increase of 14 157.1% compared to 2020. The largest decline occurred in 2020, plummeting by 99.8%, while the most significant increase was recorded in 2019, soaring by 31 893.8%.
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%) | 14 157.1% | 346.3% |
During 2018-2021, Liberia and Spain played crucial roles in imports in kind of non-agglomerated iron ores and concentrates to Bosnia and Herzegovina, together 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
The data reveals irregular changes, indicating a volatile market environment. Import volumes reached their lowest point in 2020 at 62 thousand US dollars, then peaked in 2019 at 8 865 thousand US dollars, representing a 143-fold difference. In 2021, Bosnia and Herzegovina's imports of non-agglomerated iron ores and concentrates amounted to 3 748 thousand US dollars, showing a sudden increase of 5 956.3% compared to the previous year. The largest decline was recorded in 2020, dropping by 99.3%, while the most substantial increase occurred in 2019, surging by 11 222.8%.
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%) | 5 956.3% | 263.1% |
From 2018 to 2021, Liberia and Spain were the dominant suppliers of non-agglomerated iron ores and concentrates to Bosnia and Herzegovina, together accounting for 98.1% of total imports in value terms, with other partners playing a less significant role.
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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