Printed labels of paper or paperboard market in Bosnia and Herzegovina

Earlier Report Observations

The market for printed labels of paper or paperboard in Bosnia and Herzegovina reached 1 314.2 tonnes in 2018, supported by the dominant pulp, paper, and paperboard segment where printed labels were a primary product with revenues having grown nearly 40% since 2013. Market volume then contracted to 1 061.2 tonnes in 2019 and 942.7 tonnes in 2020.

From 2021, the market entered a sustained growth phase, reaching 1 085.6 tonnes that year and expanding to 1 487.5 tonnes by 2024. In value terms, this corresponded to an increase from 7.9 million US dollars to 11.6 million US dollars. This expansion was primarily driven by increasing demand for sustainable and eco-friendly packaging solutions, such as FSC-certified and recyclable paperboard materials, influenced by regulatory pressure and consumer preferences for low-carbon packaging. The adoption of digital printing technologies, enabling short-run customization and faster design revisions, further supported market growth. Additionally, stringent regulations on product packaging and labeling, particularly in the food sector, compelled businesses to invest in compliant labeling solutions.

Global trends toward smart packaging technologies, including the use of QR codes and NFC tags for product authenticity and traceability, continued to shape the market landscape, alongside an ongoing emphasis on sustainability and supply chain efficiency.

Production printed labels of paper or paperboard in Bosnia and Herzegovina

In value, 2018-2021, K $ US

Production of printed paper or paperboard labels in Bosnia and Herzegovina declined for the third consecutive year. In 2021, output was valued at 1 819 thousand US dollars, marking a 1.3% decrease compared to 2020. Over the 2018-2021 period, production fell by 37.5%, with an average annual decline of 14.5%.

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

In kind, 2018-2021, t

Production of printed paper or paperboard labels in Bosnia and Herzegovina declined for the third consecutive year. In 2021, output reached 476.9 tonnes, representing a 2.6% drop from the previous year. From 2018 to 2021, production decreased by 38.8%, with an average annual decline of 15.1%.

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

Exports printed labels of paper or paperboard from Bosnia and Herzegovina

Exports in kind, t

Exports of printed paper or paperboard labels from Bosnia and Herzegovina declined for the second consecutive year. In 2021, shipments totaled 23.5 tonnes, down 12.9% year-over-year. Over the 2018-2021 period, exports fell by 26.5%, with an average annual decline of 9.7%. The highest export volume was recorded in 2019 at 48.9 tonnes, which saw the largest increase of 52.7%. The largest decline occurred in 2020, with a drop of 44.7%.

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

From 2018 to 2021, Serbia and Croatia accounted for 88.8% of Bosnia and Herzegovina's total exports of printed paper or paperboard labels by volume. The remaining share was distributed among other destinations, each with smaller individual contributions.

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

In 2021, exports of printed paper or paperboard labels from Bosnia and Herzegovina amounted to 347 thousand US dollars, reflecting a significant increase of 33.9% compared to the previous year. Over the 2018-2021 period, exports grew by 84.1%, with an average annual growth rate of 22.6%. The largest increase was recorded in 2019 at 41.9%, while the largest decline occurred in 2020, with a drop of 3.1%.

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

From 2018 to 2021, Serbia and Croatia accounted for the majority of Bosnia and Herzegovina's exports of printed paper or paperboard labels by value. Other markets represented a less significant portion of total exports.

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 printed labels of paper or paperboard to Bosnia and Herzegovina

Imports in kind, t

In 2021, imports of printed paper or paperboard labels into Bosnia and Herzegovina reached 632.2 tonnes, a 31.7% increase compared to the previous year. Over the 2018-2021 period, imports grew by 11.6%, with an average annual growth rate of 3.7%. The lowest import volume was recorded in 2020 at 480.2 tonnes, which also saw the largest decline of 18.4%.

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

From 2018 to 2021, Serbia, Croatia, and Germany were the main sources of imports of printed paper or paperboard labels into Bosnia and Herzegovina by volume. Serbia accounted for 29.0% of imports, Croatia for 20.8%, and Germany for 12.0%, together representing 61.8% of total import flows.

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

After a two-year decline, imports of printed paper or paperboard labels into Bosnia and Herzegovina increased in 2021. Import value reached 6 444 thousand US dollars, representing a 21.1% rise compared to the previous year. Between 2018 and 2021, imports grew by 6.3%, equating to an average annual growth rate of 2.1%. The lowest import value was recorded in 2020 at 5 320 thousand US dollars, while the largest decline occurred in 2019, with a drop of 8.0%.

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

From 2018 to 2021, Italy, Croatia, and Serbia consistently led as the top sources of imports of printed paper or paperboard labels into Bosnia and Herzegovina by value. Italy accounted for 25.6% of imports, Croatia for 18.5%, and Serbia for 17.3%, together representing 61.3% 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