Wheat and meslin flour market in Bosnia and Herzegovina

Earlier Report Observations

The market volume for wheat and meslin flour in Bosnia and Herzegovina declined steadily from 273.7 thousand tons in 2018 to 238.0 thousand tons in 2023. A partial recovery to 241.2 thousand tons occurred in 2024, though the overall physical market size contracted across the period.

In value terms, the market exhibited different dynamics, growing from 84.2 million US dollars in 2018 to a peak of 126.4 million in 2022. This surge in market value coincided with falling volume, highlighting significant price increases. The value then corrected to 99.7 million by 2024.

Domestic production of flour followed a downward trend, falling from 244.3 thousand tons in 2018 to 191.1 thousand tons in 2023, before rebounding to 211.3 thousand tons in 2024. Concurrently, import volumes rose notably in the latter years, while export volumes fluctuated.

Production wheat and meslin flour in Bosnia and Herzegovina

In value, 2018-2021, K $ US

Bosnia and Herzegovina's wheat and meslin flour production has increased for the third consecutive year. In 2021, the output was valued at 87 258 thousand US dollars, marking a 2.9% rise compared to 2020. From 2018 to 2021, production grew by 11.7%, which translates to an annualized growth rate of 3.8%.

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

In kind, 2018-2021, K t

Wheat and meslin flour production in Bosnia and Herzegovina declined for the second consecutive year. In 2021, the country produced 223.8 thousand tonnes, showing a moderate decrease of 8.7% from the previous year. Over the period from 2018 to 2021, production fell by 8.4%, with a compound annual growth rate of -2.9%. The highest output was recorded in 2019 at 246.3 thousand tonnes, with the largest annual increase of 0.8% also occurring that year.

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

Exports wheat and meslin flour from Bosnia and Herzegovina

Exports in kind, t

In 2021, wheat and meslin flour exports from Bosnia and Herzegovina amounted to 17 322 tonnes, down by 38.0% compared to the previous year. Between 2018 and 2021, exports decreased by 45.4%, equating to an annualized decline of 18.3%. The largest increase was recorded in 2020, with a rise of 24.2%.

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

From 2018 to 2021, Turkey, Montenegro, and North Macedonia consistently served as the main destinations for Bosnia and Herzegovina's wheat and meslin flour exports in kind. Turkey accounted for 36.8% of exports, Montenegro for 26.0%, and North Macedonia for 19.5%, together representing 82.3% 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

In 2021, wheat and meslin flour exports from Bosnia and Herzegovina were valued at 7 258 thousand US dollars, showing a significant decline of 23.1% versus the previous year. Between 2018 and 2021, exports decreased by 26.7%, with an annualized rate of decline of 9.9%. The largest decline occurred in 2019 at 23.6%, while the largest increase was recorded in 2020 at 24.6%.

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

From 2018 to 2021, Montenegro, Turkey, and North Macedonia formed the primary group of destinations for Bosnia and Herzegovina's wheat and meslin flour exports in value terms. Montenegro accounted for 29.2% of exports, Turkey for 28.7%, and North Macedonia for 19.9%, together making up 77.8% 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 wheat and meslin flour to Bosnia and Herzegovina

Imports in kind, t

In 2021, wheat and meslin flour imports into Bosnia and Herzegovina reached 42 287 tonnes, representing a notable contraction of 12.1% compared to the previous year. Over the period from 2018 to 2021, imports decreased by 30.9%, with a compound annual growth rate of -11.6%. The lowest volume was recorded in 2019 at 42 180 tonnes, with the largest decline of 31.1% also occurring that year. The largest increase was in 2020, with a rise of 14.0%.

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

From 2018 to 2021, Serbia was the key supplier of wheat and meslin flour to Bosnia and Herzegovina, accounting for 85.0% of total imports in kind. The remaining imports came from a diversified group of other countries.

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 imported wheat and meslin flour valued at 12 319 thousand US dollars, down by 0.6% compared to the previous year. Over the period from 2018 to 2021, imports decreased by 13.5%, with a compound annual growth rate of -4.7%. The lowest value was recorded in 2019 at 12 319 thousand US dollars, with the largest decline of 22.9% also occurring that year. The largest increase was in 2020, with a rise of 13.0%.

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

Throughout 2018 to 2021, Serbia clearly dominated wheat and meslin flour imports into Bosnia and Herzegovina in value terms, accounting for 81.9% of total flows. Other countries each held significantly smaller shares.

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