Wheat bran, sharps and residues market in Bosnia and Herzegovina

Earlier Report Observations

The market volume for wheat bran, sharps and residues in Bosnia and Herzegovina contracted significantly from 102 741 tons in 2018 to a low of 72 749 tons in 2022. This decline was driven by a sharp, multi-year fall in imports, which dropped by over 60% from 37 890 tons to 14 880 tons over the same period, alongside increased export activity that removed additional product from the domestic supply.

A clear turnaround began in 2023, with the market volume recovering to 79 210 tons and further to 82 589 tons in 2024. This rebound coincided with a resurgence in imports, which rose to 24 020 tons in 2023, while domestic production remained stable around 63 000 tons and exports fell to minimal levels.

In value terms, the market told a different story, peaking at 17.1 million USD in 2021 despite lower physical volume, which indicates a period of higher unit prices. By 2024, however, the market value had fallen to 13.5 million USD as physical volumes recovered, suggesting a shift to lower price conditions.

Production wheat bran, sharps and residues in Bosnia and Herzegovina

In value, 2018-2021, K $ US

Wheat bran, sharps, and residues production in Bosnia and Herzegovina has increased for the third consecutive year. In 2021, the output was valued at 12,747 thousand US dollars, marking a 10.0% rise compared to the previous year. Between 2018 and 2021, production grew by 24%, which translates to an annualized growth rate of 7.4%.

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

In kind, 2018-2021, t

Top producers of wheat bran, sharps and residues, 2018-2021

World map of production of wheat bran, sharps and residues, 2018-2021

After two years of growth, Bosnia and Herzegovina's wheat bran, sharps, and residues production volume declined. In 2021, the country produced 60,334 tonnes, representing a 21.5% decrease from the previous year. Over the 2018-2021 period, production fell by 7%, with a compound annual growth rate of -2.4%. The highest production volume was recorded in 2020 at 76,884 tonnes, which also saw the largest increase of 12.8%.

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

Exports wheat bran, sharps and residues from Bosnia and Herzegovina

Exports in kind, t

Market performance showed noticeable fluctuations during this period. The minimum export volume was recorded in 2019, while the maximum occurred in 2020, with a 7.3-fold difference between these years. In 2021, wheat bran, sharps, and residues shipments from Bosnia and Herzegovina to abroad reached 1,719 tonnes, showing a steep decline of 82.7% from the previous year. The peak export volume was 9,924 tonnes in 2020, which also experienced the largest increase of 629.2%.

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

Throughout 2018–2021, Turkey remained the almost exclusive buyer of wheat bran, sharps, and residues from Bosnia and Herzegovina, accounting for 92.9% 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

Market performance exhibited noticeable fluctuations during this period. Exports reached their lowest point in 2019 and hit their maximum in 2020, with a sevenfold difference between these years. In 2021, Bosnia and Herzegovina's wheat bran, sharps, and residues export volume amounted to 362 thousand US dollars, showing a steep reduction of 71.3% compared to 2020. The peak export value was recorded in 2020 at 1,262 thousand US dollars, which also saw the largest increase of 600.2%.

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

Over 2018–2021, dependence on Turkey was pronounced, with this market accounting for 91.1% of total exports in value terms for wheat bran, sharps, and residues from Bosnia and Herzegovina.

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 bran, sharps and residues to Bosnia and Herzegovina

Imports in kind, t

After a two-year reduction, wheat bran, sharps, and residues imports into Bosnia and Herzegovina increased. In 2021, the country imported a total of 24,879 tonnes, up by 0.7% year-over-year. Over the 2018-2021 period, imports decreased by 34.3%, with a compound annual growth rate of -13.1%. The lowest import volume was recorded in 2020 at 24,717 tonnes, while the largest decline occurred in 2019 at 26.7%.

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

In 2018–2021, Serbia, Croatia, and Hungary together accounted for 92.6% of total imports in kind, remaining the main sources for wheat bran, sharps, and residues to Bosnia and Herzegovina. Specifically, Serbia contributed 35.4%, Croatia 31.3%, and Hungary 25.9% of 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

After a two-year contraction, wheat bran, sharps, and residues shipments to Bosnia and Herzegovina from abroad increased. In 2021, the import volume amounted to 4,754 thousand US dollars, which is 40.1% higher year-over-year. Between 2018 and 2021, imports decreased by 13.3%, equating to an annualized decline of 4.7%. The lowest import value was recorded in 2020 at 3,394 thousand US dollars, while the largest decline occurred in 2019 at 35.1%.

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

In 2018–2021, three main markets — Serbia, Croatia, and Hungary — together absorbed 92.0% of total imports in value terms for wheat bran, sharps, and residues to Bosnia and Herzegovina.

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