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Daily News on Vape Industry April 1st , 2024

  1. In February 2024, China exported approximately US$27.24 million of vapesto the Netherlands, a 15% month-on-month decrease and a year-on-year increase of 86.64%; the export volume was approximately 782 tons, a month-on-month decrease of 12% and a year-on-year increase of 154.77%.


  1. In January 2024, China’s vapeexport value and export volume to Australia both experienced a sharp decline, with month-on-month decreases of 93.93% and 95.42% respectively. However, Australia’s neighbor New Zealand is seeing the opposite trend, with vapeimports increasing.


  1. The New Zealand government has announced that the ban on disposable vapeswill be postponed until October, which means that disposable vapescan still be sold without restrictions for the next six months.


  1. Philip Morris International is preparing to launch its flagship heated tobacco device IQOS in Austin, USA. It is expected that IQOS will account for 10% of the unit sales of tobacco and heated tobacco in the United States by 2030.


  1. The U.S. FDA has launched a searchable tobacco product database that can search for tobacco products (including vapes) allowed to be sold in the United States.


  1. Cigarette consumption is decreasing in Singapore, while vapeuse is increasing. Although the use of vapesand devices such as atomizers has been banned in the country since 2018, vape use remains high.


  1. Ireland’s Health Minister said that because it is too easy for minors to obtain tobacco products, he proposed to raise the legal age to purchase tobacco from 18 to 21 years old.


  1. The vapebill in Kentucky, USA, has caused concerns among small businesses. Altria currently has a variety of tobacco products approved by the FDA. Once the bill is approved, it may lead to the monopoly of the industry by tobacco giants.