Market research

Padlocks, locks and keys market in Bosnia and Herzegovina

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Submission method: to your account

File format: docx, xlsx

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Earlier Report Observations

The market for base metal padlocks, locks, and keys in Bosnia and Herzegovina entered a period of decline from 2021 to 2024. The total market size fell from 40.5 million US dollars in 2021 to 31.0 million in 2024, a reduction of roughly 23%. This contraction was paralleled by a drop in domestic production, which decreased from 33.6 million to 24.6 million US dollars over the same period.

International trade in these goods showed significant swings throughout the observed years. Imports surged to 20.8 million US dollars in 2021 before moderating, while exports demonstrated a strong recovery, reaching 16.9 million in 2025 after a notable dip in the preceding years. These trade fluctuations contributed to the changing supply dynamics within the domestic market.

The consistent downward trajectory in both local output and overall market value points to a sustained reduction in industry activity for padlocks and locks in Bosnia and Herzegovina during the early 2020s.

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, 2021-2024
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2021-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Bosnia and Herzegovina
  1. 5.1.1. In value, 2021-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. 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, t
    1. 6.1.2.1. Annual dynamics of product's imports to Bosnia and Herzegovina in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Bosnia and Herzegovina by countries, 2018-2025, t
    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/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Bosnia and Herzegovina, 2018-2025, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Bosnia and Herzegovina by countries, 2018-2025, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Bosnia and Herzegovina in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Bosnia and Herzegovina by countries, 2018-2025, t
    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/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Bosnia and Herzegovina, 2018-2025, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Bosnia and Herzegovina by countries, 2018-2025, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Bosnia and Herzegovina in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Bosnia and Herzegovina by countries, 2018-2025, t
    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/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Bosnia and Herzegovina, 2018-2025, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Bosnia and Herzegovina by countries, 2018-2025, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Bosnia and Herzegovina in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Bosnia and Herzegovina by countries, 2018-2025, t
    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/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Bosnia and Herzegovina, 2018-2025, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Bosnia and Herzegovina by countries, 2018-2025, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  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 padlocks, locks and keys 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	-

Source: SHEV.io

Exports padlocks, locks and keys from Bosnia and Herzegovina

Exports in kind, t

After two years of decline, Bosnia and Herzegovina's cross-border shipments of padlocks, locks, and keys have increased. In 2021, exports totaled 1 036 tons, marking a 10.7% year-over-year rise. However, over the 2018-2021 period, exports decreased by 16.7%, with a compound annual growth rate (CAGR) of -5.9%. The lowest point was in 2020 at 936 tons, while the largest decline occurred in 2019 with a 20.2% drop.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(20.2%)	(5.7%)	10.7%	(5.9%)

Source: SHEV.io

From 2018 to 2021, the geographical pattern of exports in kind was dominated by Germany, which accounted for 86.3% of total flows. Other trading partners held relatively minor shares during this period.

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

Padlocks, locks, and keys shipments from Bosnia and Herzegovina to abroad have increased for the second consecutive year. In 2021, exports amounted to 13 966 thousand US dollars, showing a 22.6% year-over-year increase. Over the 2018-2021 period, exports decreased by 17.7%, with a compound annual growth rate (CAGR) of -6.3%. The minimum value was recorded in 2019 at 11 214 thousand US dollars, which also saw the largest decline of 33.9%.

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	(33.9%)	1.6%	22.6%	(6.3%)

Source: SHEV.io

Throughout 2018-2021, the partner structure for exports in value terms was centered on Germany, whose share reached 79.2% of total flows. Other markets formed a less significant portion of the export landscape.

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 padlocks, locks and keys to Bosnia and Herzegovina

Imports in kind, t

After two years of decline, foreign supplies of padlocks, locks, and keys to Bosnia and Herzegovina have increased. In 2021, imports reached 1 591 tons, up by 18.3% compared to 2020. Over the 2018-2021 period, imports grew by 9.1%, with a compound annual growth rate (CAGR) of 2.9%. The lowest point was in 2020 at 1 346 tons, while the largest decline occurred in 2019 with a 6.3% drop.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(6.3%)	(1.5%)	18.3%	2.9%

Source: SHEV.io

From 2018 to 2021, Germany (42.6% of imports in kind), China (17.0%), and Italy (12.4%) were the principal sources for imports in kind. Together, these three countries accounted for 72.0% of total 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

Padlocks, locks, and keys shipments to Bosnia and Herzegovina from abroad have increased for the second consecutive year. In 2021, imports reached 20 826 thousand US dollars, corresponding to a significant uptick of 33.4% from the previous year. Over the 2018-2021 period, imports increased by 5%, with a compound annual growth rate (CAGR) of 1.6%. The minimum value was recorded in 2019 at 15 100 thousand US dollars, which also saw the largest decline of 23.9%.

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	(23.9%)	3.4%	33.4%	1.6%

Source: SHEV.io

Over 2018-2021, Germany (54.2% of imports in value terms), China (10.5%), and Italy (10.5%) made the biggest contribution to imports in value terms. Collectively, these three countries accounted for 75.2% of total flows.

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