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Daily News on Vape Industry November 15th, 2023

  1. In September, China exported approximately US$9.24 million of vapes to Paraguay, a month-on-month increase of 4.36%, and a year-on-year increase of 44.98%; the export volume was approximately 175 tons, a month-on-month increase of 4.34%, a year-on-year increase of 86.31%; the export unit price was 52.70 US dollars/kg, a month-on-month increase. An increase of 0.02%, a year-on-year decrease of 22.18%.


  1. Juul Labs has raised $1.27 billion in equity financing from a financing plan totaling $1.6 billion.


  1. Alexander Spiridonov, deputy chairman of the Russian State Duma Committee on Industry and Trade, told Duma TV that because many people have become accustomed to vapes, the production and sale of vapesshould be gradually banned at this stage.


  1. Australian Health Minister Mark Butler said that Australia will introduce the most stringent entry regulations for disposable vapesin history at the end of November.


  1. More than half of respondents in Kazakhstan believe that smoke-free alternatives are subject to strict regulations similar to traditional cigarettes, causing some users to switch back to cigarettes and hindering the goal of reducing overall tobacco consumption.


  1. US FDA regulations require that vapesmarketed after February 15, 2007, must undergo PMTA application. In this regard, the chairman of the American VapeAssociation said that the formal implementation of this regulation may cause 99% of the vape industry to face the threat of bankruptcy.


  1. According to data from the Organization for Economic Cooperation and Development (OECD), New Zealand ranks second in the world in the proportion of people aged 15 and above who regularly smoke vapes, second only to Estonia.