Media consumption habits in Bosnia and Herzegovina in 2023
Television continued to be the top choice of advertisers, getting the most (64,4%) of 2023 total ad spending in Bosnia & Herzegovina. Television's enduring dominance was reflected in its average daily viewership of 322 minutes (among the highest in Europe and the SEE region), highlighting its continued relevance in reaching audiences across the nation, as well as competing prices (even with popular digital platforms).
Meanwhile, digital platforms marked additional gains, getting 18.4% of total market advertising investments. The increase in digital platform investments shows that people are changing how they prefer to get their media. Even though radio according to research data marked fewer listeners overall, it held its ground in advertising, still getting 5.4% of total ad investments, which shows that radio is still important and able to adapt to a changing media world. Print advertising went down a bit, getting only 3.4% of ad investments. Overall, traditional media outlets are trying new things and using digital platforms to stay competitive. Estimated media advertising investments experienced a notable rise in the range of 8-12%, driven by factors such as inflation, positive advertising investment trends, and favorable client engagements. This growth underscores the importance of staying agile and responsive to emerging trends in media consumption, as advertisers seek innovative ways to engage with audiences across platforms.
Published: September 13, 2024