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Daily News on Vape Industry December 8th, 2023

  1. In October 2023, China’s e-cigarette exports to Saudi Arabia were approximately US$12.517 million, a month-on-month increase of 218.96%, and a year-on-year increase of 245.48%; the export volume was approximately 255 tons, a month-on-month increase of 198.84%, and a year-on-year increase of 407.61%.


  1. The Australian Federal Parliament passed a strict smoking regulation that requires the addition of new graphic warnings on vapesand prohibits the use of attractive names for vapes, aiming to curb the smoking behavior of the younger generation.


  1. Brazil will launch a public consultation on whether to ban vapesin the country. The consultation will launch on December 12 and will run until February 9 next year. The public can submit comments and suggestions via an online form. Following the consultation, the relevant agencies will publish a report on the process.


  1. BAT’s CEO said that BAT suffered huge losses from the sale of its Russian and Belarusian assets. However, companies are less likely to buy back as Russia limits buyback options to two years.


  1. BAT said that due to the reassessment of the value of some of its tobacco brands in the United States, the company will face an impairment loss of approximately 25 billion pounds. After the news was announced, BAT shares fell 10.2% in London to their lowest level since September 2010.


  1. Illegal vapesworth £2.7 million were seized and destroyed in Northampton, UK. These vapeswere found in the warehouse of Tongda Distribution Co., Ltd., and some of the vapes exceeded 2 ml.