Saturated acyclic monocarboxylic acids and derivatives market in Bosnia and Herzegovina

Earlier Report Observations

In the early years from 2018 to 2020, Bosnia and Herzegovina's trade in saturated acyclic monocarboxylic acids and derivatives showed volatility. Import volumes peaked at 1 319 t in 2019 then fell, while exports contracted significantly in 2019 before a slight recovery. The value of trade declined throughout, suggesting altered price conditions or compositional changes.

Starting in 2021, domestic production dipped to 930 t in 2022 but then strengthened, reaching 1 350 t by 2024. Market volume in physical terms followed a modest decline in 2022 to 1 620 t, then rose to 1 804 t in 2024. In value terms, the market hit a high of $3.1 million in 2023 before settling at $2.7 million in 2024.

The period from 2021 to 2024 ended with a net increase in market volume, driven by recovering production and steady import levels, while market value experienced sharper swings likely tied to external price factors.

Production saturated acyclic monocarboxylic acids and derivatives in Bosnia and Herzegovina

In value, 2018-2021, K $ US

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

In kind, 2018-2021, t

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

Exports saturated acyclic monocarboxylic acids and derivatives from Bosnia and Herzegovina

Exports in kind, t

Bosnia and Herzegovina's cross-border shipments of saturated acyclic monocarboxylic acids and derivatives have increased for the second year in a row. In 2021, exports reached 702 tonnes, representing a significant 49.3% rise compared to 2020. Looking at the broader period from 2018 to 2021, exports actually declined by 23%, with a compound annual growth rate of -8.3%. The lowest point was in 2019, when exports dropped to 431 tonnes, marking the largest decline of 52.7% during this timeframe.

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

From 2018 to 2021, Serbia and Croatia consistently served as the primary markets for Bosnia and Herzegovina's exports in kind, together accounting for 82.4% of total flows. The remaining share was distributed among various other trading partners.

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

The value of saturated acyclic monocarboxylic acids and derivatives exported from Bosnia and Herzegovina has risen for the second consecutive year. In 2021, exports amounted to 895 thousand US dollars, showing a substantial 62.8% increase over the previous year. Over the 2018-2021 period, exports grew by 14.2%, with a compound annual growth rate of 4.5%. The lowest value was recorded in 2019 at 508 thousand US dollars, which also saw the largest decline of 35.2%.

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

Throughout 2018 to 2021, Serbia dominated Bosnia and Herzegovina's exports in value terms, capturing 79.1% of the total. The remainder was spread across numerous countries, each with relatively small individual shares.

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 saturated acyclic monocarboxylic acids and derivatives to Bosnia and Herzegovina

Imports in kind, t

In 2021, Bosnia and Herzegovina imported 1 099 tonnes of saturated acyclic monocarboxylic acids and derivatives, reflecting a solid 10.9% increase from the year before. However, over the 2018-2021 period, imports decreased by 9.9%, with a compound annual growth rate of -3.4%. The lowest volume was in 2020 at 991 tonnes, which experienced the largest decline of 24.9%. In contrast, the peak was in 2019, with imports reaching 1 319 tonnes.

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

From 2018 to 2021, Bosnia and Herzegovina's imports in kind of saturated acyclic monocarboxylic acids and derivatives came from a wide range of suppliers. Germany (20.2% of imports in kind), China (11.4%), and Serbia (9.2%) together contributed 40.8% of the total, while many other countries held smaller but notable shares.

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 import market for saturated acyclic monocarboxylic acids and derivatives in Bosnia and Herzegovina showed noticeable fluctuations from 2018 to 2021. In 2021, imports peaked at 2 076 thousand US dollars, marking a steep 70.9% improvement compared to 2020. The lowest value was in 2020 at 1 215 thousand US dollars, which also saw the largest decline of 29.7%. This resulted in a 1.7-fold difference between the highest and lowest points during the period.

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

Between 2018 and 2021, Bosnia and Herzegovina's imports in value terms were highly diversified. Germany (17.5% of imports in value terms), Italy (8.3%), and Slovenia (8.0%) together accounted for 33.8% of total flows. The remaining 66.2% was distributed among a long tail of smaller markets.

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