Bosnia and Herzegovina: Skimmed Milk Market 2020

Skimmed Milk Market Size in Bosnia and Herzegovina

The revenue of the skimmed milk market in Bosnia and Herzegovina amounted to $X in 2018, picking up by X% against the previous year. Overall, skimmed milk consumption continues to indicate strong growth. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. In that year, the skimmed milk market reached its peak level of $X. From 2009 to 2018, the growth of the skimmed milk market remained at a somewhat lower figure.

Skimmed Milk Production in Bosnia and Herzegovina

In value terms, skimmed milk production stood at $X in 2018 estimated in export prices. In general, skimmed milk production, however, continues to indicate a drastic deduction. The pace of growth appeared the most rapid in 2018 when production volume increased by X% against the previous year. Bosnia and Herzegovina skimmed milk production peaked at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Skimmed Milk Exports

Exports from Bosnia and Herzegovina

Skimmed milk exports from Bosnia and Herzegovina totaled X tons in 2018, declining by -X% against the previous year. In general, skimmed milk exports continue to indicate a deep slump. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, skimmed milk exports attained their peak figure at X tons in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, skimmed milk exports totaled $X in 2018. Overall, skimmed milk exports continue to indicate an abrupt contraction. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Bosnia and Herzegovina exports peaked at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, New Zealand (X tons), distantly followed by the U.S. (X tons), Germany (X tons), the Netherlands (X tons), Belgium (X tons) and France (X tons) were the major exporters of skimmed milk, together constituting X% of total exports. Australia (X tons), Saudi Arabia (X tons), Belarus (X tons), Poland (X tons), Ireland (X tons) and Uruguay (X tons) followed a long way behind the leaders.

Exports from New Zealand increased at an average annual rate of +X% from 2007 to 2018. At the same time, Uruguay (+X%), Saudi Arabia (+X%), the U.S. (+X%), Belgium (+X%), Poland (+X%), Germany (+X%), the Netherlands (+X%), Belarus (+X%), Ireland (+X%) and France (+X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Australia experienced a relatively flat trend pattern. While the share of New Zealand (+X p.p.), the U.S. (+X p.p.), Germany (+X p.p.), the Netherlands (+X p.p.), Belgium (+X p.p.), Saudi Arabia (+X p.p.) and Uruguay (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest skimmed milk supplier from Bosnia and Herzegovina, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in New Zealand totaled +X%. In the other countries, the average annual rates were as follows: Germany (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

The skimmed milk export price in Bosnia and Herzegovina stood at $X per ton in 2018, jumping by X% against the previous year. In general, the skimmed milk export price, however, continues to indicate a deep reduction. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the export prices for skimmed milk reached their maximum at $X per ton in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Uruguay, while the other leaders experienced a decline in the export price figures.

Skimmed Milk Imports

Imports into Bosnia and Herzegovina

In 2018, the amount of skimmed milk imported into Bosnia and Herzegovina amounted to X tons, picking up by X% against the previous year. Overall, skimmed milk imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, skimmed milk imports reached their peak figure in 2018 and are likely to see steady growth in the immediate term.

In value terms, skimmed milk imports totaled $X in 2018. Overall, skimmed milk imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Bosnia and Herzegovina imports peaked at $X in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, China (X tons), followed by Algeria (X tons) and Mexico (X tons) represented the key importers of skimmed milk, together mixing up X% of total imports. The United Arab Emirates (X tons), Belgium (X tons), the Netherlands (X tons), the Philippines (X tons), Russia (X tons), Saudi Arabia (X tons), Indonesia (X tons), China, Macao SAR (X tons) and Malaysia (X tons) took a minor share of total imports.

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

In value terms, the largest skimmed milk importing markets into Bosnia and Herzegovina were China ($X), Algeria ($X) and Mexico ($X), with a combined X% share of total imports. Saudi Arabia, Russia, the United Arab Emirates, the Netherlands, Indonesia, Belgium, Malaysia, the Philippines, China, Macao SAR and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further X, Macao SAR experienced the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The skimmed milk import price in Bosnia and Herzegovina stood at $X per ton in 2018, jumping by X% against the previous year. Over the period under review, the skimmed milk import price, however, continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2009 when the import price increased by X% against the previous year. Bosnia and Herzegovina import price peaked at $X per ton in 2014; however, from 2015 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 Algeria ($X per ton), while China, Macao SAR ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform