Market research

Soybean oilcake market in Bosnia and Herzegovina

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The market volume of soybean oilcake in Bosnia and Herzegovina showed considerable variation between 2018 and 2024. After reaching a high of nearly 97,600 tonnes in 2019, total consumption declined over the next two years before stabilizing around 88,000 tonnes in 2022. A further dip to 82,100 tonnes occurred in 2023, followed by a rebound to 94,100 tonnes in 2024.

This period was characterized by a sharp and sustained contraction in domestic production, which fell from over 30,000 tonnes in 2020 to just under 12,000 tonnes by 2023. The supply gap was largely filled by imported soybean oilcake, with import volumes rising significantly, particularly in 2024 and 2025.

In value terms, the market demonstrated steady growth from 2021 onwards, increasing from $41.1 million to $47.4 million by 2024. This indicates a trend of rising prices or a shift in the product mix even as the physical volume of the market fluctuated.

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, 2018-2024
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2024
  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, 2018-2024, 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
3. 5.3. Global production by Country, 2018-2023
  1. 5.3.1. Global Production by Country in kind
    1. 5.3.1.1. Annual dynamics of production by country in kind, 2018-2023, t
    2. 5.3.1.2. Structure of production by countries in kind, 2018-2023
    3. 5.3.1.3. Dynamics of peoduction structure by countries in kind, 2018-2023
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 soybean oilcake in Bosnia and Herzegovina

In value, 2018-2021, K $ US

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

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

Source: SHEV.io

In kind, 2018-2021, t

Top producers of soybean oilcake, 2018-2021

Source: SHEV.io

World map of production of soybean oilcake, 2018-2021

Source: SHEV.io

Soybean oilcake production in Bosnia and Herzegovina has declined for the second year in a row. In 2021, the country produced 15 626 tonnes, which represents a significant drop of 49.3% compared to 2020. Looking at the period from 2018 to 2021, production decreased by 34.3%, averaging an annual decline of 13.1%. The highest production level was recorded in 2019 at 31 600 tonnes, which also saw the largest increase of 32.8%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	32.8%	(2.5%)	(49.3%)	(13.1%)

Source: SHEV.io

Exports soybean oilcake from Bosnia and Herzegovina

Exports in kind, t

The market exhibited volatility during the observed period. Export volumes reached their lowest point in 2020 at 5 251 tonnes, then climbed to their peak in 2021 at 14 606 tonnes, representing a 2.8-fold increase. The 2021 figure reflects a substantial rise of 178.1% compared to the previous year. The largest decline occurred in 2020, with a decrease of 51.7%.

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	14.2%	(51.7%)	178.1%	15.3%

Source: SHEV.io

From 2018 to 2021, Serbia and Montenegro dominated Bosnia and Herzegovina's soybean oilcake exports in volume terms, together accounting for 100.0% of total export flows.

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

The data shows irregular fluctuations, indicating a volatile market environment. Export values bottomed out in 2020 at 2 174 thousand US dollars, then peaked in 2021 at 9 578 thousand US dollars, representing a 4.4-fold increase. The 2021 value marks a steep rise of 340.7% compared to 2020. The largest decline was recorded in 2020, with a decrease of 45.3%.

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	(3.2%)	(45.3%)	340.7%	32.6%

Source: SHEV.io

Throughout 2018–2021, Serbia and Montenegro were the key markets for Bosnia and Herzegovina's soybean oilcake exports in value terms. Serbia accounted for 88.8% of total export flows, while Montenegro represented 11.2%, together forming 100.0% of total exports.

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 soybean oilcake to Bosnia and Herzegovina

Imports in kind, t

In 2021, Bosnia and Herzegovina imported 84 621 tonnes of soybean oilcake, showing a sharp increase of 26.9% compared to 2020. Over the period from 2018 to 2021, imports grew by 10.8%, with an average annual growth rate of 3.5%. The lowest import volume was recorded in 2020 at 66 706 tonnes, which also saw the largest decline of 13.2%.

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	0.6%	(13.2%)	26.9%	3.5%

Source: SHEV.io

From 2018 to 2021, Brazil remained the dominant and nearly exclusive source for soybean oilcake imports to Bosnia and Herzegovina in volume terms, accounting for 96.0% of total import 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 two years of decline, Bosnia and Herzegovina's soybean oilcake imports increased in 2021. The country imported 40 680 thousand US dollars worth of soybean oilcake, up by 51.8% from 2020. Over the 2018–2021 period, imports grew by 28.4%, with an average annual growth rate of 8.7%. The lowest import value was recorded in 2020 at 26 804 thousand US dollars, while the largest decline occurred in 2019 with a decrease of 8.2%.

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	(8.2%)	(7.9%)	51.8%	8.7%

Source: SHEV.io

Between 2018 and 2021, Brazil accounted for almost all of Bosnia and Herzegovina's soybean oilcake imports in value terms, with a share of 95.8% of total import flows.

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