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Daily News on Vape Industry March 8th, 2024

  1. In December 2023, China’s vapeexports to Indonesia were approximately US$6.62 million, a month-on-month increase of 1.58%, and a year-on-year decrease of 14.23%; the export volume was approximately 87 tons, a month-on-month decrease of 6.62%, and a year-on-year decrease of 1.17%.


  1. In 2023, Chinatobacco industry achieveda total industrial and commercial profit and tax of 1,521.7 billion yuan, a year-on-year increase of 5.6%, and a total fiscal revenue of 1,502.8 billion yuan, a year-on-year increase of 4.3%. The total tax profit and total fiscal revenue will reach a record high, making positive contributions to stabilizing the economic market, ensuring an increase in national and local fiscal revenue, and promoting economic and social development.


  1. According to Nielsen data, Vuse’s market share in the US has gradually increased, from 42% to 42.2%; JUUL’s market share remains unchanged at 24.2%; NJoy’s market share has reached 3.2%.


  1. British Finance Minister Jeremy Hunt said that additional taxes on vapes will begin in October 2026. This tax may make it difficult for small companies to compete, while large tobacco companies such as British American Tobacco will benefit from it.


  1. In 2023, the output of heated tobacco products in Russia will increase from 858 million packs in 2022 to 1 billion packs in 2023, a surge of 26%, accounting for 10% of the Russian tobacco market. The peak of production growth occurs in oral tobacco products , increased to 5.8 million packages.


  1. The Philippine Department of Health stated that it will fully support Finance Secretary Ralph Recto’s proposal to ban the sale of disposable vapesin the country. The department also believes that all vapesshould be banned in the country.


  1. Seven major European associations jointly called for a ban on the use of disposable vapesin Europe by the end of 2024 at the latest due to their devastating impact on the environment and society.