Market research

Pumps for liquids and liquid elevators market in Bosnia and Herzegovina

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

From 2018 to 2020, imports of pumps for liquids declined from 27.2 million USD to 22.0 million USD, while exports also fell. Starting in 2021, the market reversed as rising energy prices and a push for energy efficiency boosted demand for heat pumps and similar equipment.

Market size increased from 25.8 million USD in 2021 to 33.8 million USD in 2023, supported by the activity of authorized representatives for international brands and growing consumer preference for economical and environmentally friendly heating solutions. In 2024, the market eased to 32.2 million USD, with imports remaining above 35 million USD.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In value
    1. 4.1.1.1. Production, 2021-2024
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2021-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Bosnia and Herzegovina
  1. 5.1.1. In value, 2021-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In value, 2018-2024, K $ US
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Bosnia and Herzegovina in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Bosnia and Herzegovina by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Bosnia and Herzegovina in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Bosnia and Herzegovina by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Bosnia and Herzegovina, 2018-2025, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Bosnia and Herzegovina by countries, 2018-2025, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Bosnia and Herzegovina in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Bosnia and Herzegovina by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Bosnia and Herzegovina in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Bosnia and Herzegovina by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Bosnia and Herzegovina, 2018-2025, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Bosnia and Herzegovina by countries, 2018-2025, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Bosnia and Herzegovina in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Bosnia and Herzegovina by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Bosnia and Herzegovina in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Bosnia and Herzegovina by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Bosnia and Herzegovina, 2018-2025, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Bosnia and Herzegovina by countries, 2018-2025, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Bosnia and Herzegovina in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Bosnia and Herzegovina by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Bosnia and Herzegovina in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Bosnia and Herzegovina by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Bosnia and Herzegovina, 2018-2025, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Bosnia and Herzegovina by countries, 2018-2025, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production pumps for liquids and liquid elevators in Bosnia and Herzegovina

In value, 2018-2021, K $ US

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

Exports pumps for liquids and liquid elevators from Bosnia and Herzegovina

Exports in kind, t

After two years of decline, Bosnia and Herzegovina's cross-border shipments of pumps for liquids and liquid elevators have rebounded. In 2021, the country exported 2 215 tons of these pumps, marking a solid 24.3% increase compared to the previous year. Over the period from 2018 to 2021, exports decreased by 5%, which translates to an annualized decline of 1.7%. The lowest export volume was recorded in 2020 at 1 782 tons, while the largest drop occurred in 2019 with a 22.8% decrease.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(22.8%)	(1.0%)	24.3%	(1.7%)

Source: SHEV.io

From 2018 to 2021, Germany, Turkey, and Italy were the primary destinations for Bosnia and Herzegovina's exports of pumps for liquids and liquid elevators in kind. Germany accounted for 57.9% of these exports, Turkey for 21.5%, and Italy for 6.9%. Together, these three countries represented 86.3% of the total export flows during this period.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Bosnia and Herzegovina in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

Bosnia and Herzegovina's exports of pumps for liquids and liquid elevators in value terms have grown for the second consecutive year. In 2021, exports reached 16 571 thousand US dollars, a 33.9% increase from the previous year. Between 2018 and 2021, exports rose by 4.8%, equivalent to an annualized growth rate of 1.6%. The lowest value was recorded in 2019 at 12 220 thousand US dollars, which also saw the largest decline of 22.7%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(22.7%)	1.3%	33.9%	1.6%

Source: SHEV.io

Throughout 2018 to 2021, Germany, Turkey, and Serbia remained the key markets for Bosnia and Herzegovina's exports of pumps for liquids and liquid elevators in value terms. Germany held a 51.8% share, Turkey 23.5%, and Serbia 5.5%. Collectively, these three countries accounted for 80.8% of the total export flows.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Bosnia and Herzegovina in value, 2018-2021

Source: SHEV.io

Imports pumps for liquids and liquid elevators to Bosnia and Herzegovina

Imports in kind, t

Following a two-year decline, Bosnia and Herzegovina's imports of pumps for liquids and liquid elevators in kind have increased. In 2021, import volume stood at 1 856 tons, representing a 25.1% rise from 2020. Over the 2018-2021 period, imports decreased by 2.5%, with a compound annual growth rate of -0.9%. The lowest import volume was in 2020 at 1 484 tons, while the largest drop was in 2019 with a 14.6% decrease.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(14.6%)	(8.7%)	25.1%	(0.9%)

Source: SHEV.io

From 2018 to 2021, China, Italy, and Germany dominated Bosnia and Herzegovina's imports of pumps for liquids and liquid elevators in kind. China contributed 25.1% of imports, Italy 18.5%, and Germany 16.0%. Together, these three countries made up 59.6% of the total import flows.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Bosnia and Herzegovina in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

After two years of decrease, Bosnia and Herzegovina's imports of pumps for liquids and liquid elevators in value terms have risen. In 2021, imports amounted to 28 000 thousand US dollars, a 27.3% increase from the previous year. Between 2018 and 2021, imports grew by 2.9%, equating to an annualized rate of 0.9%. The lowest value was recorded in 2020 at 22 003 thousand US dollars, with the largest decline occurring in 2019 at 12.0%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(12.0%)	(8.1%)	27.3%	0.9%

Source: SHEV.io

In the period from 2018 to 2021, Germany, Italy, and China were the three main markets for Bosnia and Herzegovina's imports of pumps for liquids and liquid elevators in value terms. Together, they absorbed 50.1% of the total import flows.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Bosnia and Herzegovina in value, 2018-2021

Source: SHEV.io