Aluminum Manufacturing Market in Bosnia and Herzegovina 2016-2020

Overview of the aluminum manufacturing market in Bosnia and Herzegovina

Extensive research carried out by the analysts at Technavio has shown that the aluminum manufacturing market in Bosnia and Herzegovina is expected to reach more than USD 329 million by 2020. The food packaging industry has been witnessing steady growth despite being impacted by the slow economic growth of the country. Aluminum foils are extensively used for packaging as they safeguard the food from contaminants, moisture, and light, which reduces spoilage to a large extent. Furthermore, the recyclable nature of aluminum packaging makes it eco-friendly. These advantages make aluminum foils the material of choice for packaging food and pharmaceuticals. The augmented demand for aluminum in food packaging is one of the primary factors driving the growth of the aluminum manufacturing market in Bosnia and Herzegovina.

According to the International Monetary Fund’s World Economic Outlook database, exports from Bosnia and Herzegovina grew by over 22% compared to 2010, to reach close to USD 6 billion in 2014. Aluminum, iron, and steel are some of the country’s top exports to the major export destinations including Germany, Italy, Croatia, Austria, and Slovenia. This growth in exports provides an opportunity to the new entrants that seek to exploit the bauxite reserves for the production of primary aluminum.

Competitive landscape and key vendors

The aluminum manufacturing market in Bosnia and Herzegovina is characterized by the presence of diverse international and domestic manufacturers. The leading players compete on the basis of pricing and quality. Manufacturers in the market also collaborate closely with customers to provide customized solutions. The automotive and mining sectors in Bosnia and Herzegovina are working closely with aluminum suppliers toward achieving goals such as optimum utilization of mining reserves in the country.

Key vendors in this market are -

• Aluminij
• GTR
• ArcelorMittal
• Ditrx
• Liv-Elir
• Zeljezara
• Livnicavisoko
• Pavkovic Paneli
• Tera Nova
• Junior-Eko-Termik

Growth drivers, challenges, and upcoming trends: Steel castings

During 2015, locomotive parts, bearing housings, plain shaft bearings, piston engines, gears, pulleys, and clutches made from steel castings accounted for nearly 1% of the overall revenue of the metal castings in Bosnia and Herzegovina, compared to a meager 0.3% in 2013. This growth is attributed to the rise in exports of steel products to other European countries like Germany and Italy. Therefore, an abundance of raw materials has led multinational companies like ArcelorMittal to establish manufacturing facilities in the country. This coupled with an increasing demand for products made from steel castings will contribute to this market’s growth in the coming years.

This report provides several factors contributing to the adoption, limitations, and opportunities of the aluminum manufacturing market in Bosnia and Herzegovina. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

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 aluminum manufacturing market in Bosnia and Herzegovina?
• What are the key market trends impacting the growth of the aluminum manufacturing market in Bosnia and Herzegovina?
• What are the challenges to market growth?
• Who are the key vendors in the aluminum manufacturing market in Bosnia and Herzegovina?
• What are the market opportunities and threats faced by the vendors in the aluminum manufacturing market in Bosnia and Herzegovina?
• Trending factors influencing the market shares of Bosnia and Herzegovina.
• What are the key outcomes of the five forces analysis of the aluminum manufacturing market in Bosnia and Herzegovina?

Technavio also offers customization on reports based on specific client requirement.