Textile Manufacturing Market in Bosnia and Herzegovina 2016-2020

Overview of the textile manufacturing market in Bosnia and Herzegovina

Technavio’s market research analysts have predicted that the textile manufacturing market in Bosnia and Herzegovina will grow steadily and will post a CAGR of more than 3% over the forecast period. The proximity of Bosnia and Herzegovina to major global textile markets, such as France, Italy, and Spain has been a facilitator for the widespread adoption of the loan business model. Although this business model does not sustain market growth in the long term, it has been instrumental in stabilizing the market post the economic crisis of 2008 as it promotes short and quick production runs. Moreover, the country’s longstanding tradition of manufacturing textiles ensures the availability of a workforce that is not only skilled in spinning, weaving, and knitting but is also one of the most cost-effective in terms of wages, compared to neighboring countries. These factors make this market a favorable investment destination, which will propel this market’s growth prospects in the coming years.

The proximity of Bosnia and Herzegovina to the fashion capitals of Western Europe, such as France and Italy, is expected to provide manufacturers with significant growth opportunities. Manufacturers of textiles are, thus, focusing on product differentiation through branding to enhance their visibility in foreign markets. With increasing emphasis on the branding on the manufactured products, the market for textile manufacturing is anticipated to have a positive outlook over the next four years.

Competitive landscape and key vendors

The textile manufacturing market in Bosnia and Herzegovina is characterized by the presence of several small private companies. The larger companies are primarily joint-stock enterprises. Although the production and export trends in the country have been positive, long-term sustainability of players in the market will depend largely on foreign investments in the near future.

Key vendors in this market are -

• Prevent Visoko
• BEMA Banja Luka

Segmentation by product type and analysis of the textile manufacturing market in Bosnia and Herzegovina

• Made-up textile articles
• Prepared, spun, woven, and finished textiles
• Knitted and crocheted fabrics
• Non-wovens and articles made from non-wovens
• Technical and industrial textiles

During 2015, the made-up textile articles led the textile manufacturing market in Bosnia and Herzegovina and held close to 70% of the revenue market shares. The made-up textile articles segment has shown consistent growth since 2010. Although the production dipped slightly in 2012 and 2013 due to poor economic conditions in the domestic market, production grew by over 5% in 2014, largely due to increased sales in the sub-segment of cotton for tarpaulins, packing goods, awnings, and blinds; and bedding articles.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the textile manufacturing market in Bosnia and Herzegovina?
• What are the key market trends impacting the growth of the textile manufacturing market in Bosnia and Herzegovina?
• What are the challenges to market growth?
• Who are the key vendors in the textile manufacturing market in Bosnia and Herzegovina?
• What are the market opportunities and threats faced by the vendors in the textile manufacturing market in Bosnia and Herzegovina?
• What are the trending factors influencing the market shares of Bosnia and Herzegovina?
• What are the key outcomes of the five forces analysis of the textile manufacturing market in Bosnia and Herzegovina?

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