Key Market Indicators
Bosnian dairy products production is projected to reach approximately €196 million by 2028, up from around €187 million in 2023. This represents an average annual growth rate of 0.8%. Since 2016, the country's dairy supply has increased by 2% per year. In the global rankings for 2023, Bosnia and Herzegovina held the 29th position, with Latvia surpassing it at the €187 million mark. Leading the rankings were Germany, Italy, and the Netherlands, occupying the second, third, and fourth positions, respectively. In terms of sales, Bosnian dairy products are expected to reach roughly €175 million by 2028, a slight decrease from €176 million in 2023, reflecting a compound annual growth rate (CAGR) decline of 0.1%. Since 2016, sales in the Bosnian market have seen a modest increase of 0.2% annually. In the 2023 sales rankings, Bosnia and Herzegovina was placed 30th, with Iceland surpassing it at €176 million. Germany, Italy, and the Netherlands maintained their positions as the second, third, and fourth largest markets.
