Soap and skin-washing preparations market in Bosnia and Herzegovina

Earlier Report Observations

The market for soap and skin-washing preparations in Bosnia and Herzegovina showed a clear upward trajectory in both volume and value from 2021 to 2024. After a minor contraction to 8 589 t in 2022, the market volume rebounded strongly, reaching 9 844 t by 2024. In monetary terms, the market value followed a similar pattern, growing from 18.1 million USD in 2021 to 24.6 million USD in 2024, with the most significant increase occurring between 2022 and 2023.

This growth was underpinned by a consistent rise in imports, which climbed from 7 072 t in 2021 to 8 464 t in 2024. Domestic production remained relatively stable throughout the period, fluctuating between 2 057 t and 2 329 t annually, indicating that the expansion of the market was primarily supplied from abroad.

Production soap and skin-washing preparations 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 soap and skin-washing preparations from Bosnia and Herzegovina

Exports in kind, t

The export market demonstrated significant volatility during the observed period. Exports reached their lowest point in 2018 and peaked in 2020, with a 2.1-fold difference between these years. In 2021, Bosnia and Herzegovina's exports of foreign soap and skin-washing preparations amounted to 577 tons, representing a 35.1% year-over-year decline. The highest volume was recorded in 2020 at 889 tons, which also saw the largest annual increase of 104.6%.

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

From 2018 to 2021, Serbia, North Macedonia, and Montenegro remained the primary destinations for Bosnia and Herzegovina's exports in kind. Serbia accounted for 44.6% of exports, North Macedonia for 23.5%, and Montenegro for 12.8%. Together, these three countries represented 80.8% 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

The export market in value terms exhibited notable volatility throughout the period. Exports hit their lowest point in 2019 and reached their peak in 2020, with a 1.9-fold difference between these years. In 2021, Bosnia and Herzegovina's exports of soap and skin-washing preparations totaled 1 002 thousand US dollars, marking a significant 23.1% decrease compared to 2020. The minimum value was 697 thousand US dollars in 2019, while the maximum was 1 302 thousand US dollars in 2020, which also recorded the largest annual increase of 86.8%.

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

Between 2018 and 2021, Serbia, North Macedonia, and Montenegro continued to be the leading buyers of soap and skin-washing preparations from Bosnia and Herzegovina in value terms. Serbia represented 53.9% of exports, North Macedonia 15.4%, and Montenegro 13.0%. Collectively, these three countries accounted for 82.3% of total export value.

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 soap and skin-washing preparations to Bosnia and Herzegovina

Imports in kind, t

Imports of soap and skin-washing preparations into Bosnia and Herzegovina increased for the second consecutive year. In 2021, imports totaled 7 072 tons, showing minimal change from the previous year. Over the period from 2018 to 2021, imports grew by 20.4%, equivalent to an annualized rate of 6.4%. The lowest volume was recorded in 2019 at 5 761 tons, which also saw the largest annual decline of 2.0%. In contrast, 2020 experienced the largest annual increase of 22.3%.

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

From 2018 to 2021, Germany, Turkey, and Serbia were the main sources of imports in kind for soap and skin-washing preparations to Bosnia and Herzegovina. Germany accounted for 25.9% of imports, Turkey for 21.2%, and Serbia for 15.5%. Together, these three countries represented 62.5% 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

Cross-border shipments of soap and skin-washing preparations into Bosnia and Herzegovina rose for the second year in a row. In 2021, imports amounted to 16 660 thousand US dollars, reflecting a moderate 4.5% increase compared to the previous year. Between 2018 and 2021, imports grew by 22%, translating to an annualized rate of 6.8%. The minimum value was 12 945 thousand US dollars in 2019, which also recorded the largest annual decline of 5.2%. The largest annual increase occurred in 2020 at 23.2%.

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

During 2018–2021, Germany, Turkey, and Italy led as the top suppliers of soap and skin-washing preparations to Bosnia and Herzegovina in value terms. Germany accounted for 34.6% of imports, Turkey for 20.3%, and Italy for 10.3%. Their combined share reached 65.1% of total import value.

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