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Daily News on Vape Industry February 21st, 2024

  1. In December 2023, China’s vapeexports to the United Arab Emirates were approximately US$16.94 million, a month-on-month increase of 2.31%, and a year-on-year increase of 3.03%; the export volume was approximately 398 tons, a month-on-month decrease of 4.32%, and a year-on-year increase of 39.97%.


  1. Anton Alikhanov, Governor of Russia’s Kaliningrad Oblast, stressed the need for a comprehensive ban on vapes. He believed that the age limit on vapesdid not effectively control their use.


  1. Philip Morris International announced that its finished product shipments inUkraine increased by 8.4% in 2023 compared with the previous year. In addition, it plans to invest US$30 million to open a new factory in the Lviv area in the second quarter of 2024.


  1. Philip Morris International revealed that as of the end of 2023, sales of its heated tobacco product(HTP)IQOS exceeded that of traditional cigarette product Marlboro. It is reported that as of the end of 2023, the total number of IQOS users has reached 28.6 million, an increase of 3.7 million from December 2022.


  1. Recent research shows Australians are concerned about the illegal sale of vapesand many support a ban. Especially those who have never tried vapes, they believe that regulations to reduce supply should be adopted like a ban on all vapes.


  1. South Korean tobacco company KT&G decided to further enhance shareholder value. To this end, it launched a shareholder feedback policy of 2.8 trillion won and decided to destroy 3.5 million of its own shares.