Market research

Refined sunflower or safflower oil and fractions market in Bosnia and Herzegovina

$Refined sunflower or safflower oil and fractions market in Bosnia and Herzegovina$

Release date: Mar 28, 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 2021 to 2024, the market volume of refined sunflower or safflower oil in Bosnia and Herzegovina showed significant fluctuations. Starting at 41 341 metric tons in 2021, it fell to 34 737 metric tons in 2022, partially recovered to 37 281 metric tons in 2023, then dropped again to 29 634 metric tons in 2024. Overall, the market shrank by approximately 28% over this period, indicating volatility in domestic consumption.

In value terms, the market followed a different pattern: it grew from 61 837 thousand USD in 2021 to 69 457 thousand USD in 2022 despite the volume decline, reflecting price increases or shifts in product mix. Subsequently, the market value plunged to 50 585 thousand USD in 2023 before a modest rebound to 52 681 thousand USD in 2024. Domestic production remained relatively stable, rising from 45 185 metric tons in 2021 to 48 539 metric tons in 2022 and then leveling off at around 47 150 metric tons in 2023-2024.

Trade flows also shifted over the 2018-2024 span. Imports decreased from 28 275 metric tons in 2018 to 18 176 metric tons in 2022, then began to recover, reaching 23 842 metric tons in 2024. Exports peaked at 42 760 metric tons in 2019, declined, and regained to 41 358 metric tons in 2024. These trade movements influenced the net volume available on the domestic market.

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 kind
    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. 4.1.2. In value
    1. 4.1.2.1. Production, 2021-2024
    2. 4.1.2.2. Imports, 2018-2025
    3. 4.1.2.3. Exports, 2018-2025
    4. 4.1.2.4. 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 kind, 2021-2024, t
  2. 5.1.2. In value, 2021-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, t
  2. 5.2.2. 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/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Bosnia and Herzegovina, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Bosnia and Herzegovina by countries, 2018-2025, $ US/t
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/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Bosnia and Herzegovina, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Bosnia and Herzegovina by countries, 2018-2025, $ US/t
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/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Bosnia and Herzegovina, 2018-2025, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Bosnia and Herzegovina by countries, 2018-2025, $ US/t
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/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Bosnia and Herzegovina, 2018-2025, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Bosnia and Herzegovina by countries, 2018-2025, $ US/t
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 refined sunflower or safflower oil and fractions 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

In kind, 2018-2021, t

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

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

Source: SHEV.io

Exports refined sunflower or safflower oil and fractions from Bosnia and Herzegovina

Exports in kind, t

Bosnia and Herzegovina's exports of refined sunflower or safflower oil and fractions declined for the second year in a row. In 2021, exports reached 27 703 tons, marking a sharp 27.8% drop compared to 2020. Over the 2018-2021 period, exports fell by 22.4%, with an average annual decline of 8.1%. The highest export volume was recorded in 2019 at 42 760 tons, which also saw the largest year-on-year increase of 19.8%.

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	19.8%	(10.3%)	(27.8%)	(8.1%)

Source: SHEV.io

From 2018 to 2021, Turkey consistently dominated Bosnia and Herzegovina's exports in volume terms, accounting for 70.5% of the total. The remaining 29.5% was distributed among various other countries, highlighting a strong market concentration on Turkey.

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

In 2021, Bosnia and Herzegovina's exports of refined sunflower or safflower oil and fractions in value terms totaled 38 938 thousand US dollars, showing a modest 1.5% increase from the previous year. Between 2018 and 2021, export value grew by 12.5%, averaging 4.0% per year. The largest decline occurred in 2020 at 1.0%, while the biggest increase was in 2019 with 11.9% growth.

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	11.9%	(1.0%)	1.5%	4.0%

Source: SHEV.io

During the 2018-2021 period, Turkey, Austria, and the Philippines formed the core of Bosnia and Herzegovina's export value, together representing 84.6% of total flows. Turkey led with 66.0%, followed by Austria at 11.5% and the Philippines at 7.2%.

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 refined sunflower or safflower oil and fractions to Bosnia and Herzegovina

Imports in kind, t

In 2021, Bosnia and Herzegovina imported 23 859 tons of refined sunflower or safflower oil and fractions, a slight 2.3% decrease from 2020. Over the 2018-2021 span, imports dropped by 15.6%, with an average annual decline of 5.5%. The largest decrease was in 2019 at 14.3%, while 2020 saw a minor increase of 0.7%.

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	(14.3%)	0.7%	(2.3%)	(5.5%)

Source: SHEV.io

From 2018 to 2021, Serbia and Hungary were the primary sources for Bosnia and Herzegovina's imports in volume terms, jointly accounting for 91.5% of total flows. Other partners made up the remaining share.

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

Bosnia and Herzegovina's imports of refined sunflower or safflower oil and fractions in value terms rose for the second consecutive year. In 2021, imports reached 36 085 thousand US dollars, reflecting a significant 37.9% year-on-year surge. Between 2018 and 2021, import value increased by 30.7%, averaging 9.3% annually. The lowest value was recorded in 2019 at 21 996 thousand US dollars, which also saw the largest decline of 20.3%.

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	(20.3%)	19.0%	37.9%	9.3%

Source: SHEV.io

In the 2018-2021 period, Hungary and Serbia were the two leading markets for Bosnia and Herzegovina's imports in value terms, together representing 90.7% of the total. The rest was spread across a diverse range of other countries.

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