Skimmed milk Market Overview in Bosnia and Herzegovina
In value terms, skimmed milk production fell modestly to $ in 2019 estimated in export prices. In general, production recorded a slight slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by % y-o-y. Over the period under review, production reached the maximum level at $ in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.
The average yield of skimmed milk in Bosnia and Herzegovina stood at kg per head in 2019, standing approx. at the previous year. Over the period under review, the yield saw a relatively flat trend pattern.
In 2019, approx. head of animals slaughtered for skimmed milk production in Bosnia and Herzegovina; approximately equating 2018. Overall, the number of producing animals recorded a relatively flat trend pattern.
The value of the skimmed milk market in Bosnia and Herzegovina declined significantly to $ in 2019, which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded prominent growth. The most prominent rate of growth was recorded in 2008 with an increase of % year-to-year. Over the period under review, the market reached the maximum level at $ in 2018, and then contracted markedly in the following year.