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Daily News on Vape Industry March 26th, 2024

  1. In February 2024, China exported approximately US$34.46 million vapesto South Korea, a month-on-month decrease of 41.66%, and a year-on-year decrease of 13.23%; the export volume was approximately 1,325 tons, a month-on-month decrease of 43.51%, and a year-on-year increase of 41.68%.


  1. The Swiss Anti-Tobacco Action Alliance tested the e-liquid content of 11 disposable vapes. Among the 11 samples, only one ELFBAR product with a capacity of 600 puffsmet the standard, and the remaining 10 models were suspected of violating regulations. The brands involved included ELFBAR, Vozol Star, etc.


  1. The recent strong momentum of Indian tobacco giant ITC Co., Ltd. is largely due to its continuous innovation. In the past five years, ITC’s new product launches have increased more than five times, accounting for nearly 17% of total sales. And its management announced at the end of 2023 that it would enter another potential market of US$500 million: the export market of high-end nicotine and its derivatives.


  1. Tadeu Marrocco, CEO of British American Tobacco, said that vape bans like the one in the UK have not achieved the expected results in other countries in the past, and the result may be that more teenagers will buy vapesin the illegal market.


  1. The Canadian province of New Brunswick announced that it will levy consumption tax on vapesstarting from January 1, 2025. Preliminary estimates suggest the measure will generate a benefit to the province of C$1 million (US$730,000) by the end of the fiscal year.


  1. The Australian Border Protection Agency seized approximately 2.7 tons of disposable vapes (approximately 18,000 pcs), with an estimated value of approximately AUD 540,000 (USD 350,000).


  1. An Edinburgh school has invested around £1,000 in vapedetectors, becoming one of the first schools to install vapedetectors in toilets as part of an initiative aimed at solving the youth vaping crisis.