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Daily News on Vape Industry April 25th, 2024

  1. In March 2024, China’s exports of vapesto the UK were about 86.77 million US dollars, a month-on-month increase of 19.19% and a year-on-year decrease of 22.44%. The export volume was about 816 tons, a month-on-month increase of 46.92% and a year-on-year increase of 4.99%.


  1. According to relevant sources, the well-known Polish brand AROMA KING is suspected of facing a broken capital chain and owes Chinese suppliers a huge amount of about 80 million yuan.


  1. The global tobacco market has undergone tremendous changes in the past decade. One of the most important changes is the transformation and spread of consumer perception, which is beyond the scope of the traditional tobacco industry. Philip Morris International has begun to deploy factories in Southeast Asia and invested in a new heated cigarette factory in the Philippines. It is expected that the global traditional cigarette market will face the challenge of heated cigarettes in the next five years.


  1. The US FDA fined 22 retailers $20,000 for selling unauthorized vapes, including the brand “ELFBAR” popular among young people.


  1. A former R&D staff member of KT&G filed a high-value lawsuit, claiming that the company did not apply for a patent and resulting in losses, and claimed $2.1 billion from KT&G.


  1. Philip Morris International’s revenue in the first quarter exceeded expectations, with smoke-free business accounting for 39% of total net revenue. Sales of IQOS and ZYN nicotine bags grew rapidly, with ZYN nicotine bag shipments increasing by 79.7% compared with the same period last year.


  1. More than 3,500 vapeswith a market value of approximately £42,000 were seized in an operation in Liverpool, UK. The number of vapes seized this time was three times the number of illegal vapesseized in a single operation (120 pieces) previously.