Market research

Oxygen market in Bosnia and Herzegovina

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The oxygen market in Bosnia and Herzegovina demonstrated substantial growth from 2018 to 2021, with its value increasing from 5.2 million USD to 8.8 million USD. This period was characterized by particularly strong annual expansions, especially in 2020 and 2021.

Following the peak in 2021, the market value contracted to 7.0 million USD in 2022. The subsequent years showed a period of stabilization, with a modest recovery in 2023 before a slight adjustment to 6.9 million USD in 2024.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In value
    1. 4.1.1.1. Production, 2018-2024
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Bosnia and Herzegovina
  1. 5.1.1. In kind, 2018-2024, M m³
  2. 5.1.2. In value, 2018-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, M m³
  2. 5.2.2. In value, 2018-2024, K $ US
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K m³
    1. 6.1.2.1. Annual dynamics of product's imports to Bosnia and Herzegovina in kind, 2018-2025, K m³
    2. 6.1.2.2. Dynamics of product's imports in kind to Bosnia and Herzegovina by countries, 2018-2025, K m³
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Bosnia and Herzegovina in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Bosnia and Herzegovina by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's imports, $ US/K m³
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Bosnia and Herzegovina, 2018-2025, $ US/K m³
    2. 6.1.4.2. Dynamics of average price of product's imports to Bosnia and Herzegovina by countries, 2018-2025, $ US/K m³
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K m³
    1. 6.2.2.1. Annual dynamics of product's imports to Bosnia and Herzegovina in kind, 2018-2025, K m³
    2. 6.2.2.2. Dynamics of product's imports in kind to Bosnia and Herzegovina by countries, 2018-2025, K m³
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Bosnia and Herzegovina in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Bosnia and Herzegovina by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's imports, $ US/K m³
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Bosnia and Herzegovina, 2018-2025, $ US/K m³
    2. 6.2.4.2. Dynamics of average price of product's imports to Bosnia and Herzegovina by countries, 2018-2025, $ US/K m³
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K m³
    1. 7.1.2.1. Annual dynamics of product's exports from Bosnia and Herzegovina in kind, 2018-2025, K m³
    2. 7.1.2.2. Dynamics of product's exports in kind from Bosnia and Herzegovina by countries, 2018-2025, K m³
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Bosnia and Herzegovina in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Bosnia and Herzegovina by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's exports, $ US/K m³
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Bosnia and Herzegovina, 2018-2025, $ US/K m³
    2. 7.1.4.2. Dynamics of average price of product's exports from Bosnia and Herzegovina by countries, 2018-2025, $ US/K m³
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K m³
    1. 7.2.2.1. Annual dynamics of product's exports from Bosnia and Herzegovina in kind, 2018-2025, K m³
    2. 7.2.2.2. Dynamics of product's exports in kind from Bosnia and Herzegovina by countries, 2018-2025, K m³
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Bosnia and Herzegovina in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Bosnia and Herzegovina by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's exports, $ US/K m³
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Bosnia and Herzegovina, 2018-2025, $ US/K m³
    2. 7.2.4.2. Dynamics of average price of product's exports from Bosnia and Herzegovina by countries, 2018-2025, $ US/K m³
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K m³
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K m³
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production oxygen in Bosnia and Herzegovina

In value, 2018-2021, K $ US

Bosnia and Herzegovina's oxygen production has grown for the third consecutive year. In 2021, the country's oxygen output was valued at 6 789 thousand US dollars, marking a solid 20.5% increase from the previous year. From 2018 to 2021, production rose by 45.9%, with an average annual growth rate of 13.4%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	4.0%	16.3%	20.5%	13.4%

Source: SHEV.io

In kind, 2018-2021, M m³

Oxygen production in Bosnia and Herzegovina has increased for the third year in a row. In 2021, the country produced 104.0 million cubic meters of oxygen, representing a modest 3.6% rise compared to 2020. Between 2018 and 2021, production surged by 129.6%, which translates to an annualized growth rate of 31.9%.

Annual dynamics of production in Bosnia and Herzegovina in kind, 2018-2021, M m³

Parameter		2019	2020	2021	CAGR
1	Change from last year	21.7%	82.0%	3.6%	31.9%

Source: SHEV.io

Exports oxygen from Bosnia and Herzegovina

Exports in kind, K m³

In 2021, oxygen exports from Bosnia and Herzegovina totaled 0.3 thousand cubic meters, a sharp 99.4% decrease from the previous year. From 2018 to 2021, exports fell by 99.8%, with an average annual decline of 86.9%.

Annual dynamics of product's exports from Bosnia and Herzegovina in kind, 2018-2021, K m³

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	(99.4%)	(86.9%)

Source: SHEV.io

Between 2018 and 2021, the main destinations for Bosnia and Herzegovina's oxygen exports in volume terms were Slovenia, accounting for 50.3% of exports, Croatia with 22.9%, and Serbia at 15.1%. Together, these three countries made up 88.4% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Bosnia and Herzegovina in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

In 2021, oxygen exports from Bosnia and Herzegovina amounted to 0.1 thousand US dollars, showing a steep 98.9% drop compared to 2020. Over the period from 2018 to 2021, exports declined by 99.6%, with an average annual decrease of 83.7%.

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	n/a	n/a	(98.9%)	(83.7%)

Source: SHEV.io

From 2018 to 2021, the primary buyers of oxygen from Bosnia and Herzegovina in value terms were Slovenia, which accounted for 49.0% of exports, Croatia with 22.4%, and Serbia at 16.2%. Combined, these three countries represented 87.6% of total export value.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Bosnia and Herzegovina in value, 2018-2021

Source: SHEV.io

Imports oxygen to Bosnia and Herzegovina

Imports in kind, K m³

The market displayed volatility during the observed period. Imports reached their lowest point in 2019 at 2 379 thousand cubic meters, with the largest decline that year at 37.9%. By 2021, imports peaked at 10 713 thousand cubic meters, a 130.0% increase from 2020, resulting in a 4.5-fold difference between the peak and trough.

Annual dynamics of product's imports to Bosnia and Herzegovina in kind, 2018-2021, K m³

Parameter		2019	2020	2021	CAGR
1	Change from last year	(37.9%)	95.7%	130.0%	40.9%

Source: SHEV.io

Between 2018 and 2021, Croatia led Bosnia and Herzegovina's oxygen imports in volume terms with a 67.1% share, followed by Slovenia at 12.9% and Austria at 9.5%. Together, these three suppliers accounted for 89.5% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Bosnia and Herzegovina in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

Market behavior was volatile in these years. Imports hit their minimum in 2019 at 483 thousand US dollars, with the largest decline that year of 19.6%. In 2021, imports rose sharply to 1 995 thousand US dollars, up 133.2% from 2020, creating a 4.1-fold variation between the peak and trough.

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	(19.6%)	77.0%	133.2%	49.2%

Source: SHEV.io

From 2018 to 2021, Croatia was the top supplier of oxygen to Bosnia and Herzegovina in value terms, holding a 67.0% share, followed by Slovenia at 13.0% and Austria at 9.8%. Collectively, these three countries made up 89.8% of total import value.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Bosnia and Herzegovina in value, 2018-2021

Source: SHEV.io