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Daily News on Vape Industry November 16th, 2023

  1. In September, China exported approximately US$8.85 million of e-cigarettesto Hungarian, a month-on-month increase of 46.88%, and a year-on-year increase of 166.48%; the export volume was approximately 177 tons, a month-on-month increase of 35.76%, a year-on-year increase of 673.49%; the export unit price was 49.97 US dollars/kg, a month-on-month increase. A decrease of 8.20% and a year-on-year decrease of 65.55%.


  1. The French National Assembly will begin discussing the proposal to ban disposable vapesin early December.


  1. The number of vapeusers in the UK has grown rapidly recently and now accounts for one-tenth of the country’s population. Market predictions are that vapewill surpass traditional cigarettes in the mid-2020s.


  1. The Health Bureau of Macau, China (SSM) announced that in the past ten years, the cigarette use rate among citizens has dropped by 36%, but 4% of teenagers aged 13 to 15 have used vapes, which is higher than 2.6% in 2015.


  1. Wuma Technology announced its financial report for the first quarter of fiscal year 2024. Operating income increased by 59.1% to US$42.9 million, and revenue from cannabis vapingproducts increased by 116.8% to US$17.3 million.


  1. Imperial Tobacco announced its full-year performance report for fiscal year 2023 (as of September 30, 2023). Net revenue from tobacco and new tobacco products was 8.01 billion pounds (approximately US$9.84 billion), and the growth of revenue in Europe is as high as 40%.


  1. According to new research from Ohio State University, oral nicotine pouches are not effective in relieving tobacco addiction, let alone replacing cigarettes.


  1. Canadian anti-smoking advocates are calling on the government to restrict Zonnic, a flavored nicotine product they warn is being marketed directly to children and teenagers.