Prepared or preserved groundnuts market in Bosnia and Herzegovina

Earlier Report Observations

The market volume for prepared or preserved groundnuts in Bosnia and Herzegovina contracted from 1 582 t in 2018 to 1 432 t in 2024, reflecting an overall decline over the period. This decrease was marked by a sharp drop in 2019 and 2020, followed by stabilization and a modest recovery in the later years. In value terms, the market fell from $5.1 million to $4.85 million, with notable fluctuations including a significant contraction in 2019 and a rebound in 2021.

Domestic production showed volatility, peaking at 664 t in 2023 before falling back to 599 t in 2024. The interplay between production, imports, and exports influenced the total market size, with import volumes declining from 1 199 t in 2018 to 1 057 t in 2024, while exports also varied. The market's value dynamics were affected by changing unit prices, as seen in the divergent trends between volume and value, particularly in 2020 when value rose despite a volume drop.

By 2024, the market demonstrated a slight upward trend in both volume and value compared to the lows of 2020-2022, indicating a period of gradual recovery. However, the overall market size remained below the 2018 level, suggesting that the sector has not fully regained its earlier scale.

Production prepared or preserved groundnuts in Bosnia and Herzegovina

In value, 2018-2021, K $ US

Following two consecutive years of decline, Bosnia and Herzegovina's production of prepared or preserved groundnuts showed an increase. In 2021, the output was valued at 1 858 thousand US dollars, marking a modest rise of 1.4% compared to the previous year. Over the period from 2018 to 2021, production decreased by 16.3%, which translates to an annualized decline of 5.8%. The lowest value was recorded in 2020 at 1 832 thousand US dollars, while the largest decline occurred in 2019, with a drop of 16.2%.

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

In kind, 2018-2021, t

Top producers of prepared or preserved groundnuts, 2018-2021

World map of production of prepared or preserved groundnuts, 2018-2021

Production of prepared or preserved groundnuts in Bosnia and Herzegovina fell for the second year in a row. In 2021, the country produced 497.6 tonnes, representing a year-on-year decrease of 12.6%. Between 2018 and 2021, production declined by 16.9%, equivalent to an annualized rate of 6.0%. The highest output was recorded in 2019 at 620.4 tonnes, which also saw the largest increase of 3.6%.

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

Exports prepared or preserved groundnuts from Bosnia and Herzegovina

Exports in kind, t

Export volumes of prepared or preserved groundnuts from Bosnia and Herzegovina dropped for the second consecutive year. In 2021, the country exported 212 tonnes, indicating a measured decline of 8.3% compared to the previous year. The peak export volume was recorded in 2019 at 235 tonnes, which also experienced the largest increase of 8.6%.

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

From 2018 to 2021, Croatia, Montenegro, and Slovenia were the leading destinations for Bosnia and Herzegovina's exports of prepared or preserved groundnuts in volume terms. Croatia accounted for 59.1% of exports, Montenegro for 20.9%, and Slovenia for 8.5%, collectively representing 88.5% 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

After two years of growth, Bosnia and Herzegovina's export value of prepared or preserved groundnuts declined. In 2021, exports reached 588 thousand US dollars, showing a drop of 1.5% year-on-year. The highest value was recorded in 2020 at 597 thousand US dollars, which also saw the largest increase of 2.8%.

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

Between 2018 and 2021, Croatia, Montenegro, and Slovenia emerged as the primary markets for Bosnia and Herzegovina's exports of prepared or preserved groundnuts in value terms. Croatia contributed 57.9% of export value, Montenegro 19.1%, and Slovenia 11.9%, together accounting for 88.8% of total export 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 prepared or preserved groundnuts to Bosnia and Herzegovina

Imports in kind, t

Following two years of decline, Bosnia and Herzegovina's imports of prepared or preserved groundnuts increased. In 2021, the country imported 1 082 tonnes, reflecting a modest rise of 5.4% compared to 2020. Over the period from 2018 to 2021, imports decreased by 9.8%, equivalent to an annualized decline of 3.4%. The lowest import volume was recorded in 2020 at 1 026 tonnes, while the largest decline occurred in 2019, with a drop of 11.0%.

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

From 2018 to 2021, three key markets—Argentina, Serbia, and China—collectively accounted for 80.4% of Bosnia and Herzegovina's total imports of prepared or preserved groundnuts in volume terms.

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

Bosnia and Herzegovina's import value of prepared or preserved groundnuts rose for the second year in a row. In 2021, imports totaled 3 594 thousand US dollars, corresponding to a significant increase of 22.1% compared to 2020. Between 2018 and 2021, imports grew by 4%, equating to an annualized rate of 1.3%. The lowest value was recorded in 2019 at 2 793 thousand US dollars, which also experienced the largest decline of 19.2%.

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

Throughout 2018 to 2021, Argentina, Serbia, and Bulgaria played the leading roles in Bosnia and Herzegovina's imports of prepared or preserved groundnuts in value terms. Argentina accounted for 43.9% of import value, Serbia for 29.8%, and Bulgaria for 5.3%, jointly representing 79.0% of total import 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