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Daily News on Vape Industry February 29th, 2024

  1. In December, China’s vapeexports to Paraguay were approximately US$7.08 million, a month-on-month increase of 25.5%, and a year-on-year increase of 6.65%; the export volume was approximately 158 tons, a month-on-month increase of 37.07%, and a year-on-year increase of 19.44%.


  1. The British government plans to implement new tax policies in the vapefield in the upcoming budget on March 6. According to reports, the new tax will mainly target the e-liquid in vapes, and products containing higher amounts of nicotine will face a higher tax burden.


  1. The Hong Kong Special Administrative Region may increase the tax by HK$0.8 per cigarette. According to informed sources, this year’s tobacco tax will be increased by 31.92%. Based on a pack of 20 cigarettes, the average retail price of a pack of cigarettes is HK$93.68, of which cigarette tax accounts for HK$66.12.


  1. Romania passed a new bill that strongly prohibits minors from purchasing tobacco and vapes, and British American Tobacco expressed its full support. The bill provides for fines of up to 100,000 lei (approximately $21,815) for violations.


  1. British American Tobacco assesses losses from sale of Belarus and Russian operations. The company estimates that its assets in Russia and Belarus, which were originally valued at £770 million, were sold for £425 million, resulting in direct trading losses of £345 million.


  1. British American Tobacco appointed Aziz Aliyev as Austrian manager to promote the harmless transformation of tobacco and target the smoke-free product market.


  1. British American Tobacco Japan will launch a discount promotion for the “Glo Hyper Pro” new heated tobacco device on March 4. During the event, the company will implement a 1000yen discount, the price is only 2980 yen after discount.