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Daily News on Vape Industry December 20th, 2023

  1. Chicago, the largest distribution port in the United States, is strictly inspecting vapeshipments. Hundreds of tons of e-cigarettes have been seized so far. The reason for the seizure may be related to FDA regulations.


  1. In October, China’s e-cigarette exports to Paraguay were approximately US$6.33 million, a month-on-month decrease of 31.52%, and a year-on-year increase of 37.22%; the export volume was approximately 126 tons, a month-on-month decrease of 28.12%, and a year-on-year increase of 46.5%.


  1. More than a year after the vapeban was implemented in Mexico, there are still 1.7 million vapeusers, and vapes are still easily available in the market, with the price in some areas being less than 50 yuan.


  1. The Indonesian Ministry of Finance confirmed that it will increase tobacco taxes by 10% and vapetaxes by 15% in 2024, aiming to control consumption, maintain the industry, achieve revenue targets, and combat illegal tobacco. To meet the needs of the tobacco industry, the Ministry of Finance has prepared approximately 17 million cigarette tax stamps.


  1. 360iResearch predicts in its latest report that the global cigarette market will reach US$127.076 billion by 2030, with a compound annual growth rate (CAGR) of 4.87%.


  1. Seattle Public Schools in the United States reached a settlement with JUUL and received compensation of US$1,750,000.


  1. Haka Korea, a Korean e-liquid and vapebrand, plans to launch four disposable vapingproducts called “Haka B” in early January next year.