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Daily News on Vape Industry April 8th, 2024

  1. In February 2024, China’s vapeexports to the United Arab Emirates were approximately US$14.65 million, a month-on-month decrease of 19.10%, and a year-on-year increase of 30.40%; the export volume was approximately 388 tons, a month-on-month decrease of 15.26%, and a year-on-year increase of 111.81%.


  1. At the EVONXT exhibition in Spain, the well-known British brand IVG stated that the company is actively expanding the international market, especially in Latin America, France, Italy and Germany. Currently, the company plans to launch replaceablevapesin the Spanish market.


  1. At the Spanish new tobacco exhibition EVONXT, the CEO of the Nordic Nicotine Bag Alliance (NNPA.EU) shared the situation of the EU nicotine bag market. He pointed out that the market is huge, with the top five markets being Sweden, Finland, the Czech Republic, Denmark and Germany. However, preferences for nicotine bag brands vary across markets.


  1. The US FDA issued warnings to 119 retailers, of which 41 were fined for selling “ZYN nicotine bags” to minors, with a total fine of more than $55,000.


  1. New York City in the United States has filed a lawsuit against 11 vapedistributors, accusing them of participating in the illegal sale of flavored disposable vapesand seeking damages and penalties under state and municipal regulations.


  1. British vape company Air Scream plans to invest MYR 100 million (approximately US$21.07 million) in Malaysia to open a local R&D center and cooperate.


  1. The Philippine Revenue Service busted three illegal vapewarehouses and seized a total of 63,139 vapesduring the operation. It is estimated that the illegal circulation of these products may cause the Philippine government to lose up to 151.1 million Philippine pesos in tax revenue, equivalent to approximately 2.67 million US dollars.