Pebbles, gravel, broken or crushed stone market in Bosnia and Herzegovina

Earlier Report Observations

The market volume for pebbles, gravel, and crushed stone in Bosnia and Herzegovina increased from 4.3 million tons in 2018 to a peak of 5.8 million tons in 2022, followed by a decline to 4.6 million tons in 2024.

In value terms, the market grew consistently from $21.4 million in 2018 to $39.1 million in 2024. This rise in market value occurred even as physical volumes contracted after 2022, indicating a significant increase in average prices or a shift in product mix.

Domestic production mirrored the volume trend, reaching 7.3 million tons in 2022 before decreasing, while export volumes remained substantial throughout the period.

Production aggregates grade pebbles, gravel, crushed stone in Bosnia and Herzegovina

In value, 2018-2021, K $ US

Bosnia and Herzegovina's production of pebbles, gravel, broken or crushed stone has increased for the third consecutive year. In 2021, the output was valued at 39 489 thousand US dollars, marking a moderate growth of 8.1% compared to the previous year. From 2018 to 2021, production rose by 34.7%, which translates to an annualized growth rate of 10.4%.

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

In kind, 2018-2021, K t

Bosnia and Herzegovina's production volume of pebbles, gravel, broken or crushed stone has grown for the third year in a row. In 2021, the country produced 7 273 thousand tonnes, showing a slight increase of 2.9% over the previous year. Between 2018 and 2021, production expanded by 32.7%, equivalent to an annualized rate of 9.9%.

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

Exports aggregates grade pebbles, gravel, crushed stone from Bosnia and Herzegovina

Exports in kind, K t

After two years of growth, exports of pebbles, gravel, broken or crushed stone from Bosnia and Herzegovina declined. In 2021, the export volume stood at 1 522 thousand tonnes, down by 12.9% year-on-year. Over the period from 2018 to 2021, exports increased by 25.4%, with a compound annual growth rate of 7.8%. The largest increase occurred in 2019, at 26.0%, while the peak volume was recorded in 2020, reaching 1 747 thousand tonnes.

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

From 2018 to 2021, Croatia remained the dominant and nearly exclusive destination for Bosnia and Herzegovina's exports of pebbles, gravel, broken or crushed stone, accounting for 98.2% of the total volume.

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

Cross-border shipments of pebbles, gravel, broken or crushed stone from Bosnia and Herzegovina declined for the second consecutive year. In 2021, exports totaled 9 400 thousand US dollars, reflecting a moderate decrease of 3.8% year-on-year. Between 2018 and 2021, exports grew by 12.3%, equating to an annualized rate of 4.0%. The largest increase was in 2019, at 27.0%, while the highest value was recorded that same year at 10 630 thousand US dollars. The largest decline occurred in 2020, at 8.0%.

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

From 2018 to 2021, the partner base for exports in value terms was extremely narrow, with Croatia alone responsible for 96.2% 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 aggregates grade pebbles, gravel, crushed stone to Bosnia and Herzegovina

Imports in kind, K t

The data shows irregular changes, indicating a volatile market environment. From 2018 to 2021, imports of pebbles, gravel, broken or crushed stone into Bosnia and Herzegovina exhibited significant fluctuations, with a peak-to-trough amplitude of 7.4 times. In 2021, import volumes amounted to 3 thousand tonnes, showing a robust decline of 11.2% compared to 2020. The largest decline was recorded in 2019, at 86.0%, while the largest increase occurred in 2020, at 9.1%.

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

From 2018 to 2021, Serbia and Croatia were the dominant suppliers of pebbles, gravel, broken or crushed stone to Bosnia and Herzegovina, together accounting for 97.5% of total imports in kind, with other partners playing a less significant role.

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

After two years of decline, imports of pebbles, gravel, broken or crushed stone into Bosnia and Herzegovina increased. In 2021, imports totaled 175 thousand US dollars, marking a slight rise of 1.0% compared to 2020. Between 2018 and 2021, imports decreased by 57.4%, equating to an annualized decline of 24.8%. The lowest value was recorded in 2020, at 173 thousand US dollars, while the largest decline occurred in 2019, at 57.8%.

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

From 2018 to 2021, two markets—Croatia and Serbia—played the leading roles in imports in value terms, together accounting for 85.4% of total flows, with the remainder distributed among other destinations.

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