Earlier Report Observations
The market for skin care preparations in Bosnia and Herzegovina demonstrated significant growth between 2018 and 2024, with its total value increasing from $29.4 million to $57.5 million. This upward trend was briefly interrupted in 2020 when the market size contracted to $28.9 million.
A strong recovery followed in 2021, with the market expanding by over 25% to reach $36.3 million. Growth continued steadily, surpassing $48 million in 2023 and climbing to $57.5 million by 2024.
Domestic production value rose from $1.8 million to $3.7 million during this period, while import values more than doubled from $28.8 million to $58.3 million, indicating a growing consumer demand met largely by international supply.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In value
- 4.1.1.1. Production, 2018-2024
- 4.1.1.2. Imports, 2018-2025
- 4.1.1.3. Exports, 2018-2025
- 4.1.1.4. Market size, 2018-2024
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4.1.1. In value
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Bosnia and Herzegovina
- 5.1.1. In value, 2018-2024, K $ US
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5.2. Production in the EU, 2018-2024
- 5.2.1. In value, 2018-2024, K $ US
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5.1. Production in Bosnia and Herzegovina
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, K unit
- 6.1.2.1. Annual dynamics of product's imports to Bosnia and Herzegovina in kind, 2018-2025, K unit
- 6.1.2.2. Dynamics of product's imports in kind to Bosnia and Herzegovina by countries, 2018-2025, K unit
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
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6.1.3. Imports in value, K $ US
- 6.1.3.1. Annual dynamics of product's imports to Bosnia and Herzegovina in value, 2018-2025, K $ US
- 6.1.3.2. Dynamics of product's imports in value to Bosnia and Herzegovina by countries, 2018-2025, K $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
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6.1.4. Average price of product's imports, $ US/K unit
- 6.1.4.1. Annual dynamics of average price of product's imports to Bosnia and Herzegovina, 2018-2025, $ US/K unit
- 6.1.4.2. Dynamics of average price of product's imports to Bosnia and Herzegovina by countries, 2018-2025, $ US/K unit
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, K unit
- 6.2.2.1. Annual dynamics of product's imports to Bosnia and Herzegovina in kind, 2018-2025, K unit
- 6.2.2.2. Dynamics of product's imports in kind to Bosnia and Herzegovina by countries, 2018-2025, K unit
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
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6.2.3. Imports in value, K $ US
- 6.2.3.1. Annual dynamics of product's imports to Bosnia and Herzegovina in value, 2018-2025, K $ US
- 6.2.3.2. Dynamics of product's imports in value to Bosnia and Herzegovina by countries, 2018-2025, K $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
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6.2.4. Average price of product's imports, $ US/K unit
- 6.2.4.1. Annual dynamics of average price of product's imports to Bosnia and Herzegovina, 2018-2025, $ US/K unit
- 6.2.4.2. Dynamics of average price of product's imports to Bosnia and Herzegovina by countries, 2018-2025, $ US/K unit
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6.1. Imports (Direct Data)
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7. Exports
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7.1. Exports (Direct Data)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, K unit
- 7.1.2.1. Annual dynamics of product's exports from Bosnia and Herzegovina in kind, 2018-2025, K unit
- 7.1.2.2. Dynamics of product's exports in kind from Bosnia and Herzegovina by countries, 2018-2025, K unit
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
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7.1.3. Exports in value, K $ US
- 7.1.3.1. Annual dynamics of product's exports from Bosnia and Herzegovina in value, 2018-2025, K $ US
- 7.1.3.2. Dynamics of product's exports in value from Bosnia and Herzegovina by countries, 2018-2025, K $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
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7.1.4. Average price of product's exports, $ US/K unit
- 7.1.4.1. Annual dynamics of average price of product's exports from Bosnia and Herzegovina, 2018-2025, $ US/K unit
- 7.1.4.2. Dynamics of average price of product's exports from Bosnia and Herzegovina by countries, 2018-2025, $ US/K unit
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, K unit
- 7.2.2.1. Annual dynamics of product's exports from Bosnia and Herzegovina in kind, 2018-2025, K unit
- 7.2.2.2. Dynamics of product's exports in kind from Bosnia and Herzegovina by countries, 2018-2025, K unit
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
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7.2.3. Exports in value, K $ US
- 7.2.3.1. Annual dynamics of product's exports from Bosnia and Herzegovina in value, 2018-2025, K $ US
- 7.2.3.2. Dynamics of product's exports in value from Bosnia and Herzegovina by countries, 2018-2025, K $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
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7.2.4. Average price of product's exports, $ US/K unit
- 7.2.4.1. Annual dynamics of average price of product's exports from Bosnia and Herzegovina, 2018-2025, $ US/K unit
- 7.2.4.2. Dynamics of average price of product's exports from Bosnia and Herzegovina by countries, 2018-2025, $ US/K unit
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7.1. Exports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, K unit
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, K unit
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2025
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production skin care preparations in Bosnia and Herzegovina
In value, 2018-2021, K $ US
In Bosnia and Herzegovina, the production value of skin care preparations reached 2 038 thousand US dollars in 2021, marking a significant 16.1% increase compared to the previous year. Over the period from 2018 to 2021, production grew by 12.5%, with an average annual growth rate of 4.0%. The lowest value was recorded in 2020 at 1 755 thousand US dollars, which also saw the largest decline of 11.4%.
Annual dynamics of production in Bosnia and Herzegovina in value, 2018-2021, K $ US
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 9.4% | (11.4%) | 16.1% | 4.0% |
Exports skin care preparations from Bosnia and Herzegovina
Exports in kind, K unit
Exports of skin care preparations from Bosnia and Herzegovina increased for the second consecutive year. In 2021, the export volume totaled 490 thousand units, up 7.9% from 2020. Between 2018 and 2021, exports rose by 12.5%, equivalent to an annualized growth rate of 4.0%. The lowest volume was recorded in 2019 at 428 thousand units, which also experienced the largest decline of 1.7%.
Annual dynamics of product's exports from Bosnia and Herzegovina in kind, 2018-2021, K unit
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (1.7%) | 6.1% | 7.9% | 4.0% |
From 2018 to 2021, the main destinations for Bosnia and Herzegovina's skin care preparations exports in kind were Serbia, accounting for 29.0% of exports, the United Arab Emirates with 15.3%, and Croatia at 11.2%. Together, these three countries represented 55.6% 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
Exports of skin care preparations from Bosnia and Herzegovina increased for the third consecutive year. In 2021, the export value reached 1 986 thousand US dollars, showing a sharp rise of 34.4% compared to the previous year. Over the period from 2018 to 2021, exports grew by 71.6%, with an average annual growth rate of 19.7%.
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 | 15.5% | 10.5% | 34.4% | 19.7% |
Between 2018 and 2021, Bosnia and Herzegovina's skin care preparations exports in value terms were distributed across a wide range of markets. Serbia led with 23.4% of exports, followed by Croatia at 13.6%, and the United Arab Emirates at 12.8%. Together, these three countries accounted for 49.9% 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 skin care preparations to Bosnia and Herzegovina
Imports in kind, K unit
In 2021, Bosnia and Herzegovina imported 13 934 thousand units of skin care preparations, representing a controlled gain of 6.9% over the previous year. From 2018 to 2021, imports increased by 10.7%, equating to an annualized growth rate of 3.4%. The largest decline occurred in 2020, with a drop of 2.8%.
Annual dynamics of product's imports to Bosnia and Herzegovina in kind, 2018-2021, K unit
| Parameter | 2019 | 2020 | 2021 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 6.6% | (2.8%) | 6.9% | 3.4% |
From 2018 to 2021, Germany, Slovenia, and Poland were the main sources of skin care preparations imports in kind for Bosnia and Herzegovina. Germany accounted for 25.6% of imports, Slovenia for 16.7%, and Poland for 10.0%. Together, these three countries absorbed 52.3% of total import flows.
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
In 2021, Bosnia and Herzegovina's imports of skin care preparations in value terms amounted to 36 236 thousand US dollars, up 26.7% year-over-year. Between 2018 and 2021, imports increased by 25.9%, equivalent to an annualized growth rate of 8.0%. The lowest value was recorded in 2020 at 28 594 thousand US dollars, which also saw the largest decline of 6.6%.
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 | 6.4% | (6.6%) | 26.7% | 8.0% |
Throughout 2018 to 2021, Germany, France, and Serbia formed the core of Bosnia and Herzegovina's skin care preparations imports in value terms. Germany accounted for 19.1% of imports, France for 18.8%, and Serbia for 12.7%. Together, these three countries took 50.7% 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
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