PET in primary forms market in Bosnia and Herzegovina

Earlier Report Observations

The market volume for PET in primary forms in Bosnia and Herzegovina showed notable volatility between 2021 and 2024. After reaching 20 053 tons in 2022, a 33% increase from the previous year, it contracted by 11% to 17 931 tons in 2023 before recovering to 20 399 tons in 2024.

This movement was closely tied to import dynamics, which accounted for the bulk of supply. Imports surged to 15 243 tons in 2022, fell to 13 630 tons in 2023, and rose again to 15 504 tons in 2024. Domestic production, while smaller in scale, mirrored this pattern, peaking at 5 109 tons in 2022 before dipping and partially recovering.

In monetary terms, the market value amplified these swings due to price changes. The market value jumped 61% to 29 850 thousand US dollars in 2022, then dropped 28% in 2023, and grew 20% to 25 858 thousand US dollars in 2024, indicating significant cost pressures alongside volume changes.

Production PET in primary forms in Bosnia and Herzegovina

In value, 2018-2021, K $ US

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

In kind, 2018-2021, t

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

Exports PET in primary forms from Bosnia and Herzegovina

Exports in kind, t

The market showed an unstable trend throughout the period. Import levels fluctuated significantly, with a 12.1-fold difference between the low in 2018 and the high in 2019. In 2021, shipments of PET in primary forms from Bosnia and Herzegovina to abroad totaled 376 tonnes, marking a 2.2% drop compared to 2020. The maximum volume was recorded in 2019 at 498 tonnes. The largest decline occurred in 2020, with a decrease of 22.7%, while the largest increase was in 2019, with a rise of 1 113.2%.

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

From 2018 to 2021, Italy, Serbia, and France were the largest buyers of PET in primary forms from Bosnia and Herzegovina in terms of volume. Italy accounted for 27.1% of exports in kind, Serbia for 24.8%, and France for 11.4%. Together, these three countries formed 63.4% of total exports in kind.

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

The market exhibited volatility over the observed period. The lowest exports were in 2018, with the highest in 2019, reflecting a 13-fold gap. In 2021, exports of PET in primary forms from Bosnia and Herzegovina stood at 302 thousand US dollars, showing a significant uptick of 33.4% year-over-year. The maximum value was recorded in 2019 at 502 thousand US dollars. The largest decline occurred in 2020, with a decrease of 54.9%, while the largest increase was in 2019, with a rise of 1 195.6%.

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

From 2018 to 2021, Italy, Serbia, and France remained the principal buyers of PET in primary forms from Bosnia and Herzegovina in value terms. Italy accounted for 29.2% of exports in value, Serbia for 26.6%, and France for 12.3%. Collectively, these three countries accounted for 68.2% of total exports in value.

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 PET in primary forms to Bosnia and Herzegovina

Imports in kind, t

After a two-year improvement, imported volumes of PET in primary forms to Bosnia and Herzegovina declined. In 2021, imports totaled 11 546 tonnes, showing a modest loss of 9.4% year-over-year. Over the period from 2018 to 2021, imports increased by 9.2%, with a compound annual growth rate of 3.0%. The maximum volume was recorded in 2020 at 12 745 tonnes. The largest increase occurred in 2019, with a rise of 17.5%.

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

Throughout 2018 to 2021, China clearly dominated imports in kind of PET in primary forms to Bosnia and Herzegovina, taking 73.1% of total flows. Other countries each held significantly smaller shares.

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, the volume of PET in primary forms imports to Bosnia and Herzegovina totaled 12 876 thousand US dollars, corresponding to a rise of 13.1% versus the previous year. Between 2018 and 2021, imports decreased by 5.9%, equating to an annualized rate of 2.0%. The minimum value was recorded in 2020 at 11 386 thousand US dollars, while the maximum value was in 2019 at 13 842 thousand US dollars. The largest decline occurred in 2020, with a decrease of 17.7%.

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

From 2018 to 2021, China remained the dominant direction for imports in value terms, with a share of 73.6% of total flows. The remainder was fragmented across other markets.

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