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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.
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 -
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.
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This is preliminary content. The table of contents is subject to change.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
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