Wood and hard materials machine tools market in Bosnia and Herzegovina

Earlier Report Observations

The market for wood and hard materials machine tools in Bosnia and Herzegovina, measured in physical units, contracted significantly from 377 thousand units in 2021 to 79 thousand units in 2023, before a modest recovery to 87 thousand units in 2024. In value terms, the market told a different story, rising from $22.5 million in 2021 to a peak of $28.5 million in 2023, then falling to $20.3 million in 2024.

Domestic production played a negligible role throughout the period, leaving the market supplied almost entirely by imports. Import values fluctuated, reaching their highest point at $30.7 million in 2023. Concurrently, exports saw a steady increase in value, particularly in 2024 and 2025, reaching $7.9 million by the end of the period.

The disparity between the falling physical volume and the rising import value up to 2023 indicates a shift in the composition of trade toward higher-value equipment.

Production wood and hard materials machine tools in Bosnia and Herzegovina

In value, 2018-2021, K $ US

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

In kind, 2018-2021, unit

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

Exports wood and hard materials machine tools from Bosnia and Herzegovina

Exports in kind, K unit

The market showed an unstable trend throughout the period. Exports reached their lowest point in 2018 and peaked in 2021, with a 25 405-fold difference between these years. In 2021, cross-border shipments of wood and hard materials machine tools from Bosnia and Herzegovina amounted to 25.4 thousand units, representing a dramatic increase of 423 324.9% compared to the previous year. The largest decline occurred in 2020, at 100.0%, while the largest increase was recorded in 2019, at 2 056 978.5%.

Annual dynamics of product's exports from Bosnia and Herzegovina in kind, 2018-2021, K unit

From 2018 to 2021, Serbia, Belarus, and Croatia were the largest buyers of wood and hard materials machine tools from Bosnia and Herzegovina in terms of volume. Serbia accounted for 33.3% of exports in kind, Belarus for 22.2%, and Croatia for 11.1%. Together, these three countries formed 66.7% 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

The data reveals irregular changes, indicating a volatile market environment. The lowest value was observed in 2020, while the highest occurred in 2021, with a peak-to-trough ratio of 2.4 times. In 2021, cross-border shipments of wood and hard materials machine tools from Bosnia and Herzegovina totalled 3 416 thousand US dollars, marking a sudden increase of 144.4% compared to the previous year. The minimum value was recorded in 2020 at 1 398 thousand US dollars, and the largest decline that year was 30.7%.

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

From 2018 to 2021, Serbia, Croatia, and Germany were the principal destinations for exports in value terms. Serbia accounted for 31.9% of exports in value terms, Croatia for 29.3%, and Germany for 9.3%. Jointly, these three countries accounted for 70.6% of total 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 wood and hard materials machine tools to Bosnia and Herzegovina

Imports in kind, K unit

The data reveals irregular changes, indicating a volatile market environment. Imports reached their lowest point in 2020 and peaked in 2021, with volumes varying 3 117 times between these years. In 2021, cross-border shipments of wood and hard materials machine tools to Bosnia and Herzegovina reached 402.2 thousand units, representing a dramatic rise of 311 648.0% over the past year. The minimum value was recorded in 2020 at 0.1 thousand units, and the largest decline that year was 99.9%.

Annual dynamics of product's imports to Bosnia and Herzegovina in kind, 2018-2021, K unit

From 2018 to 2021, Germany, Italy, and Austria consistently occupied leading positions in the country structure of imports in kind. Germany accounted for 24.2% of imports in kind, Italy for 24.0%, and Austria for 20.4%. Together, these three countries accounted for 68.6% of total flows.

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 decline, Bosnia and Herzegovina's volume of wood and hard materials machine tools imports increased. The minimum value was recorded in 2020 at 17 199 thousand US dollars, with the largest decline that year at 8.7%. In 2021, imports came to 25 215 thousand US dollars, up by 46.6% compared to the previous year. Between 2018 and 2021, imports increased by 27.7%, equating to an 8.5% annualized rate.

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

From 2018 to 2021, Italy, Germany, and Austria made the biggest contribution to imports in value terms. Italy accounted for 35.9% of imports in value terms, Germany for 17.3%, and Austria for 9.7%. Jointly, these three countries accounted for 63.0% of total 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