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Daily News on Vape Industry November 1st, 2023

  1. In September, China exported US$33.3 million of e-cigarettes to Russia, a month-on-month increase of 5.56%, and a year-on-year decrease of 24.05%; the export volume was approximately 709 tons, a month-on-month increase of 3.34%, and a year-on-year decrease of 1.99%; the export unit price was US$46.96/kg, a month-on-month increase of 2.14%, a year-on-year decrease of 22.51%.


  1. Data released by Eurostat show that France importede-cigarettes totaling 304 million euros in 2022. The top three source countries are: China (64.2%), Belgium (21.2%) and the Netherlands (5.9%).


  1. Japan Tobacco Internationalannounced that its new heated tobacco product “Ploom X Advanced” will be on sale in convenience stores and tobacco retailers nationwide starting from November 21.


  1. Cullen Frost Bankers, a well-known American financial institution, increased its stake in PMI by 1.4%. It currently owns 300,000 shares of PMI, with a total investment value of US$29.83 million.


  1. British American Tobacco Malaysia’s third quarter net profit fell 21% year-on-year to MYR 59.5 million (RMB 91.42 million). The company plans to increase the market share of Vuse and glo.


  1. Starting from October 31, the Canadian province of Quebec will ban the sale of flavored vapesin accordance with legislation, but experts say that similar bans that have been implemented in other cities have not achieved the expected results.