The Bosnia and Herzegovina commercial gases market generated estimated revenues of $19.3m in 2018. This is up from $19.2m in 2008, indicating an average annual growth rate of 0.2% over the past decade.
Industrial Production, (as measured by IPI) has followed similar trends to GDP over the course of the last decade. It is important to note that the growth rates have experienced larger peaks and troughs than the rates of GDP. However, in 2018 IPI and GDP were matched with IPI at 3%.
Within the 2018-2023 timeframe, gasworld business intelligence predict growth from 3.5% p.a. in a low scenario to 6.8% p.a. in a high scenario. Accordingly, the industry in Bosnia and Herzegovina is expected to achieve revenues of between $22.9m to $26.8m by 2023.
Report Data: 2018
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