Sauces, mixed condiments and seasonings market in Bosnia and Herzegovina

Earlier Report Observations

The market volume for sauces, mixed condiments and seasonings in Bosnia and Herzegovina grew from 9 018 tonnes in 2018 to 10 256 tonnes in 2024, while the market value increased more sharply from 24 million US dollars to 34 million US dollars over the same period, indicating a rise in average prices or a shift towards higher-value products.

In physical terms, the market experienced fluctuations with peaks in 2019, 2021, and 2024, and minor corrections in 2020 and 2022. The year 2023 saw stabilization at 9 515 tonnes before a significant surge in 2024. In value terms, growth was more consistent, particularly from 2020 onward, with double-digit percentage increases in 2021 and 2023.

Domestic production gradually rose from 2 478 tonnes in 2018 to 3 086 tonnes in 2024, while imports remained the primary supply source, expanding from 7 070 tonnes to 8 613 tonnes. Exports also increased, reducing net available volume, but the overall market expanded due to stronger import growth.

Production sauces, mixed condiments and seasonings in Bosnia and Herzegovina

In value, 2018-2021, K $ US

Bosnia and Herzegovina's production of sauces, mixed condiments, and seasonings has increased for the second consecutive year. In 2021, the output value reached 6 029 thousand US dollars, remaining relatively stable compared to 2020. The lowest value was recorded in 2019 at 5 313 thousand US dollars, which saw the largest decline of 2.2%. In contrast, 2020 experienced the largest increase of 13.3%. Overall, from 2018 to 2021, production grew by 11%, translating to an annualized rate of 3.5%.

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

In kind, 2018-2021, t

Bosnia and Herzegovina's production volume of sauces, mixed condiments, and seasonings has risen for the third consecutive year. In 2021, the country produced 2 994 tonnes, showing a modest year-over-year increase of 8.8%. From 2018 to 2021, production expanded by 20.8%, which corresponds to an annualized growth rate of 6.5%.

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

Exports sauces, mixed condiments and seasonings from Bosnia and Herzegovina

Exports in kind, t

Bosnia and Herzegovina's export volume of sauces, mixed condiments, and seasonings has grown for the third consecutive year. In 2021, exports totaled 960 tonnes, marking a significant 23.1% increase compared to the previous year. Between 2018 and 2021, exports surged by 81.2%, equating to an annualized rate of 21.9%.

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

From 2018 to 2021, the three largest markets for Bosnia and Herzegovina's exports in kind were Slovenia, Croatia, and Sweden. Together, they accounted for 73.6% of total export flows during this period.

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 sauces, mixed condiments, and seasonings exported from Bosnia and Herzegovina has increased for the third consecutive year. In 2021, exports amounted to 1 716 thousand US dollars, representing a 20.9% rise compared to the previous year. Over the period from 2018 to 2021, export value grew by 81.8%, with an annualized rate of 22.0%.

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

Between 2018 and 2021, the principal destinations for Bosnia and Herzegovina's exports in value terms were Slovenia, accounting for 34.6% of exports, Croatia with 21.6%, and Sweden at 9.4%. Collectively, these three markets made up 65.6% 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 sauces, mixed condiments and seasonings to Bosnia and Herzegovina

Imports in kind, t

In 2021, Bosnia and Herzegovina's import volume of sauces, mixed condiments, and seasonings reached 7 697 tonnes, reflecting a 5.9% increase from the previous year. The largest decline occurred in 2020, with a drop of 1.4%. Overall, from 2018 to 2021, imports rose by 8.9%, corresponding to an annualized growth rate of 2.9%.

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

From 2018 to 2021, Serbia and Croatia were the dominant sources for Bosnia and Herzegovina's imports in kind, jointly representing 82.7% of total import flows, while the remaining share went to other markets.

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

Bosnia and Herzegovina's import value of sauces, mixed condiments, and seasonings has increased for the second consecutive year. In 2021, imports totaled 22 958 thousand US dollars, up 15.1% year-over-year. The lowest value was recorded in 2019 at 19 264 thousand US dollars, which also saw the largest decline of 1.2%. Over the 2018-2021 period, imports grew by 17.7%, with a compound annual growth rate of 5.6%.

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

During 2018-2021, the leading destinations in Bosnia and Herzegovina's import structure in value terms were Serbia, contributing 40.5% of imports, Croatia with 34.8%, and Austria at 8.3%. Together, these three countries accounted for 83.6% 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