Bosnia and Herzegovina: Meat Market 2020

Meat Market Size in Bosnia and Herzegovina

The revenue of the meat market in Bosnia and Herzegovina amounted to $X in 2018, increasing by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. In that year, the meat market reached its peak level of $X. From 2016 to 2018, the growth of the meat market remained at a lower figure.

Meat Production in Bosnia and Herzegovina

In value terms, meat production totaled $X in 2018 estimated in export prices. Over the period under review, meat production continues to indicate a drastic curtailment. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, meat production attained its maximum level at $X in 2008; however, from 2009 to 2018, production remained at a lower figure.

Average yield of meat in Bosnia and Herzegovina stood at X kg per head in 2018, leveling off at the previous year. Overall, the meat yield continues to indicate a relatively flat trend pattern.

In 2018, approx. X head of animals slaughtered for meat production in Bosnia and Herzegovina; approximately mirroring the previous year. Over the period under review, the number of animals slaughtered for meat production continues to indicate a relatively flat trend pattern.

Meat Exports

Exports from Bosnia and Herzegovina

In 2018, the meat exports from Bosnia and Herzegovina amounted to X tons, coming down by -X% against the previous year. In general, meat exports, however, continue to indicate an extraordinary increase. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Bosnia and Herzegovina exports peaked at X tons in 2015; however, from 2016 to 2018, exports stood at a somewhat lower figure.

In value terms, meat exports amounted to $X in 2018. Overall, meat exports, however, continue to indicate an outstanding increase. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Bosnia and Herzegovina exports peaked at $X in 2015; however, from 2016 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, the U.S. (X tons), Germany (X tons), Spain (X tons), Brazil (X tons), Australia (X tons), the Netherlands (X tons), Denmark (X tons), India (X tons), Canada (X tons), Poland (X tons), Belgium (X tons) and New Zealand (X tons) were the key exporters of meat in the world, creating X% of total export.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Bosnia and Herzegovina, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Australia ($X) and Brazil ($X) appeared to be the countries with the highest levels of exports in 2018, together comprising X% of total exports. These countries were followed by Germany, the Netherlands, Spain, New Zealand, Canada, India, Denmark, Poland, Belgium and Bosnia and Herzegovina, which together accounted for a further X and Herzegovina recorded the highest growth rate of exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The meat export price in Bosnia and Herzegovina stood at $X per ton in 2018, declining by -X% against the previous year. In general, the meat export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X% year-to-year. Bosnia and Herzegovina export price peaked at $X per ton in 2015; however, from 2016 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was New Zealand ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Meat Imports

Imports into Bosnia and Herzegovina

In 2018, the imports of meat into Bosnia and Herzegovina amounted to X tons, jumping by X% against the previous year. Over the period under review, meat imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Bosnia and Herzegovina imports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, meat imports totaled $X in 2018. Over the period under review, meat imports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. Over the period under review, meat imports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

The imports of the twelve major importers of meat, namely China, Japan, the U.S., Italy, Germany, Mexico, South Korea, China, Hong Kong SAR, Vietnam, the UK, Poland and the Netherlands, represented more than half of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Vietnam, while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the U.S. ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by Germany, Italy, South Korea, China, Hong Kong SAR, the UK, the Netherlands, Vietnam, Mexico, Poland and Bosnia and Herzegovina, which together accounted for a further X terms of the main importing countries, Vietnam experienced the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The meat import price in Bosnia and Herzegovina stood at $X per ton in 2018, going up by X% against the previous year. In general, the meat import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the import price increased by X% y-o-y. Over the period under review, the import prices for meat attained their peak figure at $X per ton in 2008; however, from 2009 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was South Korea ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform