Non-refractory mortars and concretes market in Bosnia and Herzegovina

Earlier Report Observations

The non-refractory mortars and concretes market in Bosnia and Herzegovina grew from 2 044 thousand tons in 2018 to 2 812 thousand tons in 2024, with a notable acceleration after 2020. A key driver was the expansion of ready-mixed concrete capacities by Heidelberg Materials, which modernized its Kakanj cement plant and operated six plants in the country by 2021, increasing production capabilities and supporting market volume growth.

Market growth continued through 2024, reaching 2 812 thousand tons. Heidelberg Materials announced the upcoming introduction of its net-zero carbon cement, evoZero®, in 2023, signaling a shift toward sustainable building materials in the market. The company's 37% net profit increase in 2024 reflected stronger market demand and improved operational efficiency, underpinning the overall expansion.

Production non-refractory mortars and concretes in Bosnia and Herzegovina

In value, 2018-2021, K $ US

Bosnia and Herzegovina's production of non-refractory mortars and concretes increased for the second consecutive year. In 2021, output reached 89 485 thousand US dollars, marking a sharp rise of 33.8% compared to the previous year. Production grew by 36% between 2018 and 2021, equivalent to an annualized rate of 10.8%. The lowest value was recorded in 2019 at 63 757 thousand US dollars, with the largest decline that year of 3.1%.

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

In kind, 2018-2021, K t

Production of non-refractory mortars and concretes in Bosnia and Herzegovina increased for the third consecutive year. In 2021, 2 240 thousand tonnes were produced, representing a 6.1% year-over-year rise. From 2018 to 2021, production grew by 9.6%, with a compound annual growth rate of 3.1%.

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

Exports non-refractory mortars and concretes from Bosnia and Herzegovina

Exports in kind, t

In 2021, exports of non-refractory mortars and concretes from Bosnia and Herzegovina amounted to 3 343 tonnes, a 41.8% decline compared to the previous year. Between 2018 and 2021, exports decreased by 52.2%, with a compound annual growth rate of -21.8%. The largest increase occurred in 2020, at 22.9%.

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

From 2018 to 2021, Croatia and Montenegro clearly dominated Bosnia and Herzegovina's exports of non-refractory mortars and concretes in volume terms, jointly accounting for 92.9% of total flows, while other countries held much smaller shares.

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

Bosnia and Herzegovina's exports of non-refractory mortars and concretes declined for the third consecutive year. In 2021, exports were valued at 540 thousand US dollars, a reduction of 32.0% compared to 2020. Over the period 2018-2021, exports decreased by 45.5%, with a compound annual growth rate of -18.3%.

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

Between 2018 and 2021, Croatia and Montenegro continued to lead as the top markets for Bosnia and Herzegovina's exports in value terms, together accounting for 88.0% of total flows, while other partners played a supplementary role.

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-refractory mortars and concretes to Bosnia and Herzegovina

Imports in kind, t

Imports of non-refractory mortars and concretes into Bosnia and Herzegovina declined for the second consecutive year. In 2021, imports totaled 6 597 tonnes, corresponding to a measured contraction of 6.0% year-over-year. From 2018 to 2021, imports decreased by 15%, with a compound annual growth rate of -5.3%. The highest volume was recorded in 2019 at 8 055 tonnes, with the largest increase that year of 3.8% and the largest decline in 2020 at 12.9%.

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

Between 2018 and 2021, Italy, Serbia, and Austria accounted for the largest share of Bosnia and Herzegovina's imports in volume terms, with Italy at 53.0%, Serbia at 24.2%, and Austria at 6.8%, together comprising 84.0% 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

In 2021, imports of non-refractory mortars and concretes into Bosnia and Herzegovina amounted to 2 420 thousand US dollars, constituting an advance of 8.5% versus the previous year. Over the period 2018-2021, imports increased by 24%, with a compound annual growth rate of 7.4%. The highest value was recorded in 2019 at 2 515 thousand US dollars, with the largest increase that year of 28.8% and the largest decline in 2020 at 11.3%.

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

From 2018 to 2021, three main markets—Italy, Serbia, and Slovenia—together absorbed 77.8% of total imports in value terms of non-refractory mortars and concretes into Bosnia and Herzegovina.

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