Key Market Indicators
Bosnian spirits sales are projected to hit €19 million by 2028, up from approximately €15 million in 2023. This growth represents a compound annual growth rate (CAGR) of 3.7%. Since 2018, the Bosnian market has expanded at an annual rate of 5.9%. In the global ranking for 2023, Bosnia and Herzegovina secured the 20th position, with Denmark narrowly ahead at €15 million. Leading the rankings were France, Poland, and Italy, occupying the second, third, and fourth spots, respectively. On the production front, Bosnian spirits output is forecasted to decrease slightly to €9.7 million by 2028 from around €9.8 million in 2023, marking an average annual decline of 0.2%. Since 2018, the country's supply has dipped by 0.3% each year. In 2023, Bosnia and Herzegovina ranked 21st in production, with Cyprus taking the 20th spot at €9.8 million. France, Italy, and Poland were the top three producers, respectively.
