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Daily News on Vape Industry April 10th, 2024

  1. In February 2024, China’s vapeexports to Spain were approximately US$4.15 million, a month-on-month decrease of 43.6%, and a year-on-year increase of 128.6%; the export volume was approximately 867 tons, a month-on-month decrease of 40.0%, and a year-on-year increase of 207.9%.


  1. LOSTMARY has entered the Malaysian market and plans to expand its business to Sabah and Sarawak.


  1. Philip Morris International (PMI) will launch the vapebrand VEEV in Germany, priced at 7.9 euros.


  1. Imperial Tobacco said that due to rising tobacco prices and increased vapesales, they expect profits to increase in the first half of this year, thereby achieving expectations for full-year net income growth.


  1. The vice president and head of marketing of British American Tobacco Japan (BAT Japan) said that the company’s goal is to increase the number of non-combustible tobacco users from 23.9 million to 50 million by 2030, and increase the revenue share of non-combustible tobacco business to 50%.


  1. The governor of Kentucky in the United States officially signed Bill No. 11, making Kentucky the sixth state to implement the PMTA registration law. The bill is expected to take effect on January 1, 2025.


  1. Several political parties in Russia have jointly promoted a bill to comprehensively ban the sale of vapes, emphasizing the harm caused by vapeto health. The bill is expected to be submitted to the State Duma for consideration shortly.