Woven tracksuits and swimwear market in Bosnia and Herzegovina

Earlier Report Observations

The import value of woven tracksuits and swimwear into Bosnia and Herzegovina fluctuated over the period, falling to 10 646 thousand US dollars in 2020 before climbing to a peak of 15 769 thousand US dollars in 2022. Exports generally trended downward from 19 178 thousand US dollars in 2018 to 15 709 thousand US dollars in 2022, with a notable increase to 17 965 thousand US dollars in 2023.

Available market size data from 2021 shows the domestic market valued at 12 005 thousand US dollars, growing by 14% to 13 661 thousand US dollars in 2022. This initial expansion was supported by a 33% surge in imports, influenced by increased competition from suppliers in the Far and Middle East offering mass-produced goods at lower costs. However, the market contracted sharply by 45% to 7 524 thousand US dollars in 2023. This downturn was driven by rising raw material costs and a growing consumer preference for second-hand clothing, which reduced demand for new garments.

By 2024, the market recovered by 62% to 12 167 thousand US dollars. Production activity also rebounded to 11 802 thousand US dollars, aided by the prior development of new protective and sportswear brands by domestic leader Prevent Step, which strengthened the local industry's product range and competitiveness.

Production woven tracksuits and swimwear in Bosnia and Herzegovina

In value, 2018-2021, K $ US

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

Exports woven tracksuits and swimwear from Bosnia and Herzegovina

Exports in kind, t

Bosnia and Herzegovina's exports of woven tracksuits and swimwear declined for the third consecutive year. In 2021, export volume reached 571 tons, representing a modest year-over-year decrease of 5.6%. Over the 2018-2021 period, exports fell by 20.5%, with an average annual decline of 7.3%.

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

From 2018 to 2021, Germany was the largest buyer of Bosnia and Herzegovina's woven tracksuits and swimwear, accounting for 62.2% of export volume. Austria followed with 15.9%, and Slovenia with 7.8%. Together, these three countries represented 85.9% of total exports in volume terms.

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 value of Bosnia and Herzegovina's woven tracksuits and swimwear exports declined for the third consecutive year. In 2021, exports amounted to 15 864 thousand US dollars, marking a 1.1% decrease compared to the previous year. Between 2018 and 2021, export value fell by 17.3%, equivalent to an average annual decline of 6.1%.

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

During the 2018-2021 period, Germany and Austria dominated Bosnia and Herzegovina's woven tracksuits and swimwear exports in value terms. Germany accounted for 61.2% of total export value, while Austria represented 19.2%. Together, these two countries formed 80.4% of total exports, with other partners accounting for the remainder.

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 woven tracksuits and swimwear to Bosnia and Herzegovina

Imports in kind, t

In 2021, Bosnia and Herzegovina imported 906 tons of woven tracksuits and swimwear, reflecting a substantial year-over-year increase of 41.4%. Over the 2018-2021 period, imports decreased by 6%, with an average annual decline of 2.1%. The lowest import volume was recorded in 2020 at 641 tons, while the highest was in 2019 at 1 009 tons. The most significant decline occurred in 2020, when imports fell by 36.5%.

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

From 2018 to 2021, Turkey, China, and Serbia were the primary sources of Bosnia and Herzegovina's woven tracksuits and swimwear imports in volume terms. Together, these three countries accounted for 82.3% of total import volume.

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's imports of woven tracksuits and swimwear reached 14 204 thousand US dollars, representing a 33.4% increase compared to the previous year. Between 2018 and 2021, import value grew by 18.1%, equivalent to an average annual increase of 5.7%. The lowest import value was recorded in 2020 at 10 646 thousand US dollars, when imports declined by 11.8%.

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

During the 2018-2021 period, Turkey, China, and Serbia were the main suppliers of woven tracksuits and swimwear to Bosnia and Herzegovina in value terms. Turkey accounted for 31.4% of import value, China for 26.0%, and Serbia for 10.6%. Together, these three countries represented 67.9% of total imports in value terms.

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