Wadding articles market in Bosnia and Herzegovina

Earlier Report Observations

The market for wadding articles in Bosnia and Herzegovina contracted significantly from 2018 to 2024. In physical terms, the market volume fell from 1 125.1 t to 525.8 t, a reduction of over 50%. In value, the market declined from approximately 4.8 million US dollars to 3.7 million US dollars.

The downturn was interrupted by a temporary recovery in 2022, when market volume rose to 962.5 t. This reversal was brief, as volume dropped sharply again in 2023 and 2024. Over the same period, domestic production collapsed from 837.2 t to 171.6 t.

Production wadding articles in Bosnia and Herzegovina

In value, 2018-2021, K $ US

In 2021, the output of wadding articles in Bosnia and Herzegovina was valued at 1 233 thousand US dollars, representing a dramatic year-over-year decline of 44.8%. Between 2018 and 2021, production decreased by 47.8%, which equates to an annualized rate of 19.5%.

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

In kind, 2018-2021, t

In 2021, Bosnia and Herzegovina produced 582.7 tonnes of wadding articles, marking a strong decline of 24.0% compared to 2020. Over the period from 2018 to 2021, production decreased by 30.4%, with a compound annual growth rate (CAGR) of -11.4%.

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

Exports wadding articles from Bosnia and Herzegovina

Exports in kind, t

After two consecutive years of decline, the volume of wadding articles exported from Bosnia and Herzegovina increased in 2021. The country exported 145.2 tonnes that year, up by 15.2% from the previous year. Over the 2018-2021 period, exports decreased by 27.9%, with a CAGR of -10.3%. The lowest volume was recorded in 2020 at 126.1 tonnes, while the largest decline occurred in 2019, at 23.0%.

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

From 2018 to 2021, Croatia, Slovenia, and Cameroon remained the top buyers of wadding articles from Bosnia and Herzegovina, accounting for 52.2%, 17.0%, and 13.0% of exports in kind, respectively. Together, these three countries represented 82.2% of total exports in kind.

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

Following a two-year reduction, Bosnia and Herzegovina's export value of wadding articles increased in 2021. Exports amounted to 508 thousand US dollars, up by 13.3% from 2020. Between 2018 and 2021, exports decreased by 8.5%, equating to an annualized rate of 2.9%. The lowest value was recorded in 2020 at 448 thousand US dollars, with the largest decline also occurring that year, at 15.9%.

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

Throughout 2018-2021, Croatia, Cameroon, and Slovenia formed the core group of markets for Bosnia and Herzegovina's wadding articles exports in value terms, with shares of 37.7%, 33.8%, and 13.4%, respectively. Together, they accounted for 85.0% 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 wadding articles to Bosnia and Herzegovina

Imports in kind, t

Bosnia and Herzegovina's import volume of wadding articles declined for the second consecutive year in 2021. The country imported a total of 560.0 tonnes, representing a 5.8% contraction year-over-year. Over the 2018-2021 period, imports decreased by 9.6%, with a CAGR of -3.3%. The highest volume was recorded in 2019 at 560.0 tonnes, while the largest decline occurred in 2020 at 16.1%. The largest increase was in 2019, at 14.5%.

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

In 2018-2021, Bulgaria, Germany, and Italy continued to be the leading suppliers of wadding articles to Bosnia and Herzegovina, accounting for 28.0%, 14.1%, and 13.2% of imports in kind, respectively. Collectively, these three countries made up 55.4% of total imports in kind.

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, cross-border shipments of wadding articles to Bosnia and Herzegovina totalled 2 905 thousand US dollars, reflecting a slight increase of 0.7% compared to the prior year. Over the 2018-2021 period, imports decreased by 3.5%, with a CAGR of -1.2%. The lowest value was recorded in 2020 at 2 885 thousand US dollars, while the highest was in 2019 at 3 299 thousand US dollars. The largest decline occurred in 2020 at 12.5%, and the largest increase was in 2019 at 9.6%.

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

From 2018 to 2021, Bulgaria, Germany, and Italy stood out as the main markets for Bosnia and Herzegovina's imports of wadding articles in value terms, with shares of 27.0%, 15.4%, and 14.4%, respectively. Together, they represented 56.8% 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