Prepared or preserved fish, caviar and caviar substitutes market in Bosnia and Herzegovina

Earlier Report Observations

The market volume for prepared or preserved fish and caviar in Bosnia and Herzegovina saw considerable changes between 2021 and 2024. After reaching 9 566 tons in 2022, a significant increase from 7 288 tons the previous year, the market contracted to 7 422 tons in 2023. A modest recovery followed in 2024, with volume rising to 7 867 tons.

Trade dynamics were a central component of market movements. Imports, which provide the majority of supply, fluctuated throughout the period, rising from 6 443 tons in 2018 to a peak of 7 750 tons in 2019, then varying between 5 917 and 7 624 tons in subsequent years. Exports, though smaller in scale, also showed volatility, growing from just 56 tons in 2018 to over 1 200 tons in 2020 before moderating.

Domestic production contributed to the market's volatility, doubling from 2 304 tons in 2021 to 3 425 tons in 2022, then falling sharply to 1 456 tons in 2023 and 843 tons in 2024. This production swing amplified the market's expansion in 2022 and its contraction the following year.

Production prepared or preserved fish, caviar and caviar substitutes 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 prepared or preserved fish, caviar and caviar substitutes from Bosnia and Herzegovina

Exports in kind, t

The data reveals irregular changes, indicating a volatile market environment. Exports bottomed in 2018 and peaked in 2020, with a 22-fold difference between these years. In 2021, Bosnia and Herzegovina exported 933 t of prepared or preserved fish, caviar and caviar substitutes, which is 23.5% less than in 2020. The maximum volume was recorded in 2020 at 1 220 t. The largest increase occurred in 2019, reaching 1 149.2%.

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

From 2018 to 2021, Serbia played a leading role in Bosnia and Herzegovina's exports in kind of prepared or preserved fish, caviar and caviar substitutes, accounting for 77.6% of total flows, with the remainder distributed among other partners.

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 an unstable trend throughout the timeframe. Export levels fluctuated 22-fold between the low of 2018 and the high of 2020. In 2021, exports of prepared or preserved fish, caviar and caviar substitutes from Bosnia and Herzegovina amounted to 6 065 K $ US, showing a gradual reduction of 6.8% year-over-year. The maximum value was recorded in 2020 at 6 506 K $ US. The largest increase occurred in 2019, reaching 1 281.1%.

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

From 2018 to 2021, Serbia absorbed 74.9% of Bosnia and Herzegovina's total exports in value terms of prepared or preserved fish, caviar and caviar substitutes, with the balance spread across a wide range of smaller destinations.

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 prepared or preserved fish, caviar and caviar substitutes to Bosnia and Herzegovina

Imports in kind, t

Prepared or preserved fish, caviar and caviar substitutes shipments to Bosnia and Herzegovina from abroad declined for the second consecutive year. In 2021, import volume came to 5 917 t, amounting to a decrease of 9.7% compared with 2020. Over the period 2018-2021, imports decreased by 8.2%, with a CAGR of 2.8%. The maximum volume was recorded in 2019 at 7 750 t. The largest decline occurred in 2020 at 15.5%, while the largest increase was in 2019 at 20.3%.

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

The partner structure of imports in kind from 2018 to 2021 was fragmented, with Thailand (25.7% of imports in kind), Morocco (12.5% of imports in kind), and Croatia (11.0% of imports in kind) together accounting for only 49.2% of total flows, and no single country holding a dominant share.

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

Imported volumes of prepared or preserved fish, caviar and caviar substitutes to Bosnia and Herzegovina declined for the second consecutive year. In 2021, imports were recorded at 24 705 K $ US, amounting to a slight decline of 1.4% compared to the previous year. Over the period 2018-2021, imports decreased by 3.5%, with a CAGR of 1.2%. The maximum value was recorded in 2019 at 29 678 K $ US. The largest decline occurred in 2020 at 15.6%, while the largest increase was in 2019 at 15.9%.

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

From 2018 to 2021, imports in value terms of prepared or preserved fish, caviar and caviar substitutes to Bosnia and Herzegovina were characterised by a broad spread across markets, with Thailand (22.7% of imports in value terms), Croatia (14.1% of imports in value terms), and Morocco (10.9% of imports in value terms) together accounting for only 47.7% of total flows.

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