Plastic shutters and blinds market in Bosnia and Herzegovina

Earlier Report Observations

The market volume for plastic shutters and blinds in Bosnia and Herzegovina fluctuated significantly between 2018 and 2024, measured in physical terms. After a period of relative stability around 1 200 t, consumption surged dramatically to over 2 000 t in 2021, marking a high point for the period. This was followed by a multi-year contraction, with the market receding to 896 t by 2024.

This peak in 2021 was supported by a sharp increase in domestic production, which more than doubled from the previous year to 1 249 t, coupled with a rise in imports. The subsequent downturn was driven by a steep decline in local output, which fell by over 50% in 2023 and again in 2024, while import levels also varied.

In value terms, the market's trajectory diverged from its physical volume, particularly in later years. The market value reached its highest point at 7.9 million USD in 2023, even as the volume fell, indicating a notable shift in the product mix or price levels within the sector.

Production plastic shutters and blinds in Bosnia and Herzegovina

In value, 2018-2021, K $ US

In Bosnia and Herzegovina, the production value of plastic shutters and blinds reached 3,202 thousand US dollars in 2021, marking a significant year-over-year increase of 56.3%. Over the period from 2018 to 2021, production grew by 12.8%, with a compound annual growth rate of 4.1%. The lowest value was recorded in 2020 at 2,048 thousand US dollars, which also saw the largest decline of 32.0%.

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

In kind, 2018-2021, t

The market showed an unstable trend throughout the timeframe. Production volumes of plastic shutters and blinds in Bosnia and Herzegovina varied significantly, with the lowest point in 2019 at 422 tonnes and the highest in 2021 at 1,249 tonnes, representing a threefold difference. In 2021, production increased by 74.4% compared to 2020. The largest decline occurred in 2019, at 14.6%.

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

Exports plastic shutters and blinds from Bosnia and Herzegovina

Exports in kind, t

After two years of growth, exports of plastic shutters and blinds from Bosnia and Herzegovina declined. In 2021, exports totaled 174 tonnes, indicating a slight year-over-year contraction of 1.4%. Between 2018 and 2021, exports increased by 87.2%, equating to an annualized growth rate of 23.2%. The highest value was recorded in 2020 at 176 tonnes, which also saw the largest increase of 68.5%.

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

From 2018 to 2021, the leading destinations for exports of plastic shutters and blinds from Bosnia and Herzegovina were Croatia, accounting for 66.9% of exports in kind, Germany at 12.6%, and Austria at 6.1%. Together, these three countries represented 85.6% of total export flows.

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

Exports of plastic shutters and blinds from Bosnia and Herzegovina increased for the third consecutive year. In 2021, the export value reached 1,229 thousand US dollars, up by 20.5% year-over-year. Between 2018 and 2021, exports grew by 142.2%, with an annualized growth rate of 34.3%.

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

From 2018 to 2021, the three main markets for exports in value terms were Croatia, Sweden, and Germany, which together absorbed 77.8% of total exports of plastic shutters and blinds from Bosnia and Herzegovina.

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 plastic shutters and blinds to Bosnia and Herzegovina

Imports in kind, t

In 2021, imports of plastic shutters and blinds into Bosnia and Herzegovina reached 1,018 tonnes, marking an uptick of 36.5% compared to 2020. Over the period from 2018 to 2021, imports increased by 24.7%, with a compound annual growth rate of 7.6%. The lowest value was recorded in 2020 at 745 tonnes, which also saw the largest decline of 12.2%.

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

From 2018 to 2021, Germany was the primary source of imports in kind, accounting for 61.0%, followed by Turkey at 9.9% and Serbia at 6.7%. Together, these three countries accounted for 77.6% of total imports in kind, serving as the main suppliers to Bosnia and Herzegovina.

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, imports of plastic shutters and blinds into Bosnia and Herzegovina amounted to 5,400 thousand US dollars, constituting a steep year-over-year gain of 51.7%. Over the period from 2018 to 2021, imports increased by 42.5%, with a compound annual growth rate of 12.5%. The lowest value was recorded in 2020 at 3,559 thousand US dollars, which also saw the largest decline of 10.1%.

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

From 2018 to 2021, the three principal markets for imports in value terms were Germany, Turkey, and Poland, which together accounted for 70.6% of total imports of plastic shutters and blinds to Bosnia and Herzegovina.

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