Face Masks - Bosnia and Herzegovina

Bosnia and Herzegovina

Highlights

The country of Bosnia and Herzegovina is no exception when it comes to the lucrative Face Masks market.
In 2024, the revenue in this market amounts to a significant US$1.68m.
It is projected that the market will experience a steady annual growth rate of -0.32% from 2024 to 2029 (CAGR 2024-2029).
When compared globally, it is worth noting that China generates the highest revenue in the Face Masks market, with an impressive US$1bn in 2024.
However, in relation to the total population, in Bosnia and Herzegovina generates per person revenues of US$0.53 in the same year.
Looking into the future, the volume in the Face Masks market is expected to reach 6.5m pieces by 2029, indicating a positive growth trend.
However, there might be a slight decline in volume growth, with a projected -4.1% in 2025.0.
On average, each person in Bosnia and Herzegovina is expected to contribute to a volume of 2.20pieces in the Face Masks market in 2024.
As a journalist with a deep knowledge of history, facts, and insights, I can provide you with the following country-specific statement about the current trends in the face mask market in Bosnia and Herzegovina: "Amidst the ongoing pandemic, the demand for locally-produced face masks in Bosnia and Herzegovina has surged, fostering a sense of national unity and resilience."

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on Tissue & Hygiene Paper products that comprises of Toilet Paper, Paper Tissues, Household Paper, Feminine Hygiene, Baby diapers, Face masks and Incontinence segments that are produced for private end customers for both offline retail and online retail.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, market data from independent databases and third-party sources, historical developments, current trends, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Tissue & Hygiene Paper market with projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).