Key Market Indicators
Bosnian Animal Feed Sales are projected to rise to approximately €177 million by 2028 from €167 million in 2023, marking an average annual growth rate of 0.8%. This follows a trend since 2016, where the market has seen an annual increase of 2.4%. In 2023, Bosnia ranked 25th in the global market, with Slovakia slightly ahead at €167 million. Leading the rankings were Germany, France, and the Netherlands in second, third, and fourth places, respectively. Bosnia's Animal Feed Imports are expected to grow to nearly 194 million kilograms by 2028, up from around 171 million kilograms in 2023. This reflects a compound annual growth rate (CAGR) of 2.1%. Since 2008, the demand for animal feed in Bosnia has risen steadily by 4.2% each year. On the export front, Bosnia's Animal Feed Exports are forecasted to reach about 1.24 million kilograms by 2028, increasing from roughly 1.1 million kilograms in 2023. This represents a CAGR of 1.9%. Since 2008, the supply has grown at an annual rate of 4.7%. In 2023, Bosnia ranked 79th, with the Solomon Islands just ahead at 1.1 million kilograms. Germany, Belgium, and the United States held the second, third, and fourth positions in this category, respectively.
