Pig fat free of lean meat and poultry fat market in Bosnia and Herzegovina

Earlier Report Observations

Between 2018 and 2023, the market volume for pig fat in Bosnia and Herzegovina experienced significant fluctuations, starting at 504 t in 2018 before declining to 426 t in 2019. The COVID-19 pandemic in 2020 accelerated a shift towards online sales and digital marketing across the food industry, which helped stabilize consumption patterns and supported a market volume of 427 t that year. This adaptation to digital channels continued into 2021, contributing to a recovery in market size to 470 t.

In 2022, rising pig meat prices in the European Union alongside reduced EU production affected the availability and cost of pig-derived products in Bosnia and Herzegovina, prompting a 27% increase in imports to 155 t. Concurrently, evolving consumer preferences towards healthier foods and legislative efforts to restrict advertising of products high in unhealthy fats dampened demand for pig fat, leading to a 6% contraction in market volume to 441 t.

Market volume rebounded by 13% to 499 t in 2023, while domestic production trended downward from a peak of 382 t in 2021 to 312 t in 2023. Import levels remained volatile, and export activity was sporadic, reflecting broader structural adjustments within the regional meat and fat sector.

Production pig fat free of lean meat and poultry fat in Bosnia and Herzegovina

In kind, 2018-2021, t

Top producers of pig fat free of lean meat and poultry fat, 2018-2021

World map of production of pig fat free of lean meat and poultry fat, 2018-2021

In Bosnia and Herzegovina, production of pig fat free of lean meat and poultry fat reached 382.1 t in 2021, showing a modest year-over-year increase of 9.7%. Looking at the period from 2018 to 2021, production grew by 14.6%, which translates to an average annual growth rate of 4.7%. The most significant production decline occurred in 2020, when output fell by 1.7%.

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

Exports pig fat free of lean meat and poultry fat from Bosnia and Herzegovina

Exports in kind, t

Bosnia and Herzegovina's exports of pig fat free of lean meat and poultry fat declined for the second year in a row. In 2021, export volume stood at 34.0 t, marking a substantial year-over-year decrease of 15.0%. From 2019 to 2021, exports dropped by 53.1%, equivalent to an annualized decline of 22.3%.

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

Between 2018 and 2021, exports in kind were heavily concentrated in just two countries: North Macedonia and Serbia. Together, they accounted for 100.0% of total export flows during this period.

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

For the second consecutive year, Bosnia and Herzegovina's exports of pig fat free of lean meat and poultry fat in value terms decreased. In 2021, exports totaled 22.0 K $ US, representing a sharp 48.5% decline compared to the previous year. Over the 2019-2021 period, exports fell by 77.3%, with an average annual decrease of 39.0%.

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

From 2018 to 2021, North Macedonia and Serbia formed a duopoly in export value terms, together accounting for 100.0% 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 pig fat free of lean meat and poultry fat to Bosnia and Herzegovina

Imports in kind, t

After two years of decline, Bosnia and Herzegovina's imports of pig fat free of lean meat and poultry fat in volume terms increased in 2021. Imports reached 122.0 t, reflecting a slight 2.7% uptick from the previous year. However, over the broader 2018-2021 period, imports decreased by 28.5%, which corresponds to an annualized decline of 10.6%. The lowest import volume was recorded in 2020 at 118.9 t, when imports saw their largest drop of 18.0%.

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

During the 2018-2021 period, three main markets—Montenegro, Germany, and Spain—collectively absorbed 74.3% of Bosnia and Herzegovina's total imports in kind of pig fat free of lean meat and poultry fat.

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

Following a two-year drop, Bosnia and Herzegovina's imports of pig fat free of lean meat and poultry fat in value terms rose in 2021. Imports amounted to 476.0 K $ US, indicating a year-over-year gain of 13.6%. Despite this recent increase, imports over the 2018-2021 period decreased by 8.8%, with an average annual decline of 3.0%. The lowest import value was in 2020 at 419.2 K $ US, while the largest decline occurred in 2019 with an 11.7% drop.

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

From 2018 to 2021, Montenegro consistently dominated Bosnia and Herzegovina's imports in value terms, accounting for 79.7% of the total. This highlights a high concentration on the Montenegrin market, with the remaining share distributed among other countries.

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