Market research

Solvent-based acrylic or vinyl paints and varnishes market in Bosnia and Herzegovina

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Submission method: to your account

File format: docx, xlsx

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Earlier Report Observations

Imports of solvent-based acrylic or vinyl paints and varnishes into Bosnia and Herzegovina, measured in value, declined from 7.8 million US dollars in 2018 to a low of 7.3 million in 2020 before embarking on a strong upward trajectory, reaching 10.5 million by 2025.

The domestic market size, available from 2021 onward, saw physical volume peak at 1 979 tons in 2022 then fall to 1 726 tons in 2024, whereas the market's value continued to climb from 7.1 million to 8.7 million US dollars, indicating rising prices or a shift toward higher-value products.

Local production volume varied, doubling from 76 tons in 2021 to 168 tons in 2023 before dropping to 94 tons in 2024, highlighting volatility in domestic output against a backdrop of increasing import reliance.

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 solvent-based acrylic or vinyl paints and varnishes in Bosnia and Herzegovina

In value, 2018-2021, $ US

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

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

Source: SHEV.io

In kind, 2018-2021, kg

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

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

Source: SHEV.io

Exports solvent-based acrylic or vinyl paints and varnishes from Bosnia and Herzegovina

Exports in kind, t

In 2021, Bosnia and Herzegovina exported 88 tonnes of solvent-based acrylic or vinyl paints and varnishes, showing virtually no change from the previous year. Over the period from 2018 to 2021, exports grew by 4.8%, with an average annual growth rate of 1.6%. The lowest export volume was recorded in 2019 at 78 tonnes, while the highest was in 2020 at 88 tonnes. The largest decline occurred in 2019, with a drop of 7.6%, and the largest increase was in 2020, with a rise of 13.6%.

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	(7.6%)	13.6%	(0.1%)	1.6%

Source: SHEV.io

From 2018 to 2021, Italy remained the dominant export destination for solvent-based acrylic or vinyl paints and varnishes in kind, accounting for 78.5% of total flows. The remaining exports were fragmented across various other markets.

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, the value of solvent-based acrylic or vinyl paints and varnishes exported from Bosnia and Herzegovina reached 322 thousand US dollars, showing minimal change compared to 2020. Between 2018 and 2021, exports increased by 12.4%, which translates to an average annual growth rate of 4.0%. The lowest value was recorded in 2019 at 254 thousand US dollars, while the highest was in 2020 at 322 thousand US dollars. The largest decline occurred in 2019, with a decrease of 11.3%, and the largest increase was in 2020, with a rise of 26.9%.

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	(11.3%)	26.9%	(0.1%)	4.0%

Source: SHEV.io

From 2018 to 2021, the export structure in value terms was highly concentrated, with Italy and Montenegro together accounting for 87.5% of total flows. Other partners made up the remaining share.

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 solvent-based acrylic or vinyl paints and varnishes to Bosnia and Herzegovina

Imports in kind, t

Imports of solvent-based acrylic or vinyl paints and varnishes into Bosnia and Herzegovina declined for the third consecutive year. In 2021, import volume reached 1 797 tonnes, marking a substantial decline of 11.1% compared to the previous year. Over the period from 2018 to 2021, imports decreased by 18.8%, with an average annual decline rate of 6.7%.

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	(5.6%)	(3.2%)	(11.1%)	(6.7%)

Source: SHEV.io

Throughout 2018 to 2021, Serbia, Slovenia, and Germany were the main sources of imports in kind for solvent-based acrylic or vinyl paints and varnishes to Bosnia and Herzegovina. Serbia accounted for 32.5% of imports, Slovenia for 24.5%, and Germany for 8.9%, jointly representing 65.9% of total flows.

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

After a two-year decline, imports of solvent-based acrylic or vinyl paints and varnishes into Bosnia and Herzegovina increased. In 2021, import value was recorded at 7 402 thousand US dollars, showing a slight advance of 0.9% compared to 2020. Between 2018 and 2021, imports decreased by 5.5%, equating to an average annual decline rate of 1.9%. The lowest value was recorded in 2020 at 7 339 thousand US dollars. The largest decline occurred in 2019, with a drop of 3.6%.

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	(3.6%)	(2.8%)	0.9%	(1.9%)

Source: SHEV.io

From 2018 to 2021, Slovenia, Germany, and Serbia were the primary suppliers of solvent-based acrylic or vinyl paints and varnishes to Bosnia and Herzegovina in value terms. Slovenia accounted for 27.7% of imports, Germany for 18.4%, and Serbia for 13.9%, jointly making up 60.0% of total imports.

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