Processed liquid milk market in Bosnia and Herzegovina

Earlier Report Observations

The processed liquid milk market in Bosnia and Herzegovina experienced significant volume growth in 2019, reaching 123 thousand tons, a sharp increase from 94 thousand tons the previous year. This expansion was followed by a period of stabilization in 2020 before a multi-year contraction began, with market volume declining to 92 thousand tons by 2023. Overall, the market volume in 2024 remained higher than the 2018 level despite these fluctuations.

In value terms, the market demonstrated more consistent growth, rising from $56.4 million in 2018 to $80.1 million in 2024. This indicates an increase in the market's monetary value even during periods of declining physical volume. The market recovery in 2024, with volume rising to 102 thousand tons, marked a reversal of the preceding downward trend.

Production processed liquid milk in Bosnia and Herzegovina

In value, 2018-2021, K $ US

In 2021, the output value of processed liquid milk in Bosnia and Herzegovina was 91 127 thousand US dollars, marking a slight decline of 2.7% compared to the previous year. Over the period from 2018 to 2021, production increased by 11%, with a compound annual growth rate of 3.5%. The minimum value was recorded in 2019 at 80 276 thousand US dollars, while the maximum value occurred in 2020 at 93 673 thousand US dollars. The largest increase was observed in 2020, with a growth of 16.7%.

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

In kind, 2018-2021, K t

Following a two-year upward trend, Bosnia and Herzegovina's processed liquid milk production experienced a decline. In 2021, the country produced 149.3 thousand tonnes of processed liquid milk, reflecting a limited decrease of 9.1% year-over-year. Between 2018 and 2021, production increased by 9.3%, equating to an annualized growth rate of 3.0%. The maximum value was recorded in 2020 at 164.3 thousand tonnes, with the largest increase also occurring in that year at 15.4%.

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

Exports processed liquid milk from Bosnia and Herzegovina

Exports in kind, t

After a two-year period of growth, processed liquid milk exports from Bosnia and Herzegovina declined. In 2021, the export volume amounted to 65 324 tonnes, showing a modest decrease of 8.5% compared to the previous year. Over the period from 2018 to 2021, exports increased by 7.4%, with a compound annual growth rate of 2.4%. The maximum value was recorded in 2020 at 71 400 tonnes, while the largest increase occurred in 2019 at 9.1%.

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

From 2018 to 2021, Serbia, Montenegro, and North Macedonia formed the main cluster of markets for exports in kind. Serbia accounted for 36.5% of exports, Montenegro for 26.5%, and North Macedonia for 22.8%, with these three countries together representing 85.8% 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

Following a two-year increase, Bosnia and Herzegovina's processed liquid milk exports declined. In 2021, the country exported 36 055 thousand US dollars worth of processed liquid milk, corresponding to a moderate decline of 6.8% compared to the previous year. Over the period from 2018 to 2021, exports increased by 7.2%, with a compound annual growth rate of 2.3%. The maximum value was recorded in 2020 at 38 671 thousand US dollars, with the largest increase also occurring in that year at 11.3%.

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

Throughout 2018 to 2021, Serbia, Montenegro, and North Macedonia remained the key partners for exports in value terms. Serbia accounted for 36.0% of exports, Montenegro for 28.3%, and North Macedonia for 23.7%, with these three countries together making up 88.0% 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 processed liquid milk to Bosnia and Herzegovina

Imports in kind, t

The market showed noticeable fluctuations during the period. Import volumes peaked in 2019 and reached their lowest point in 2021, with a 3.6-fold difference between these years. In 2021, Bosnia and Herzegovina's volume of processed liquid milk imports amounted to 13 239 tonnes, reflecting a sharp decline of 56.0% from 2020. The maximum value was recorded in 2019 at 47 168 tonnes, with the largest increase also occurring in that year at 158.4%.

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

Over the period from 2018 to 2021, Serbia and Croatia consistently accounted for 91.5% of total imports in kind, indicating a high degree of market concentration, with other smaller markets forming a long tail.

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

The market exhibited volatility over the observed period. Import values peaked in 2019 and bottomed out in 2021, with a 2.7-fold gap between these years. In 2021, Bosnia and Herzegovina's processed liquid milk import value reached 6 665 thousand US dollars, amounting to a reduction of 44.3% compared to the previous year. The maximum value was recorded in 2019 at 17 989 thousand US dollars, with the largest increase also occurring in that year at 126.5%.

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

Throughout 2018 to 2021, the country structure of imports in value terms was primarily shaped by Serbia and Croatia, which together accounted for 91.6% of total flows, while other markets formed a long tail.

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