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Daily News on Vape Industry January 31st, 2024

  1. After the British government announced a ban on disposable vapes, the British FMCG industry media The Grocer published an article titled “Will disposable vape ban be the death of Shenzhen brands?” to discuss the impact of this ban on Chinese manufacturers. Impact. The report pointed out that it remains to be seen whether the disposable vapegiant can successfully shift to the types of devices it is allowed to sell and revitalize its business after the ban.


  1. The British government announced a ban on the sale of disposable vapes. ELFBAR said they were disappointed with this. The company believes that disposable vapesplay a vital role in adults’ smoking cessation process, and also supports government initiatives to prevent children from using vapes. However, ELFBAR advocates the adoption of more practical and effective control measures and expresses concern that the ban may lead to the proliferation of illegal vapes.


  1. SMOOREInternational (06969) issued a profit warning. The announcement shows that Smoore International’s profit is expected to be 1.48 billion yuan-1.809 billion yuan in 2023, a year-on-year decrease of approximately 27.9%-41%.


  1. Australian Border Patrol agents seized disposable vapes worth AU$4.5 million and weighing 13 tons. This is the first large-scale seizure since the country banned the import of disposable vapeson January 1.


  1. The UK Department of Health and Social Care issued a response to the “Consultation on Creating a Smoke-Free Generation and Addressing Youth Smoking of Vapes” on January 29. The consultation includes discussions on creating a smoke-free generation policy, addressing youth vaping andpolicyimplementation.


  1. In December 2023, China’s vapeexports to Germany were approximately US$55.35 million, a month-on-month increase of 22.22%, and a year-on-year decrease of 19.87%; the export volume was approximately 865 tons, a month-on-month increase of 10.39%, and a year-on-year increase of 10.76%.


  1. Florida-based Kaival Brand Innovation Group said it plans to appeal to the FDA over its rejection of a premarket tobacco product application (PMTA) for Bidi Vapor’s “BIDI Q Stick Classic” tobacco-flavored vape.


  1. British American Tobacco (BAT) is vigorously entering the Korean vapingmarket, focusing on atomized vapes, and plans to improve performance through diversified business. Although BAT currently has a relatively small share of the Korean vapemarket, they hope to increase their market share by expanding their sales points. At the same time, BAT plans to gain a leadership position in the vape market, which is dominated by small and medium-sized brands.