In October 2023, the export value of Chinese e-cigarettes amounted to approximately $867 million, experiencing a decline of 3.45% compared to the previous month and a 9.78% decline compared to the same period last year, marking the lowest level since March. Additionally, the export volume reached approximately 20,700 tons, representing a slight increase of 0.13% compared to the previous month and a substantial growth of 22.24% compared to the same period last year.
VUSE has launched two disposable e-cigarettes in the Middle Eastern market, with a capacity of 5000 and 6000 puffs respectively. The official selling price for both models is 80 dirhams, equivalent to approximately 155 Chinese Yuan, which is 60 yuan higher than the price in the Russian market.
According to Nielsen data, Reynolds Tobacco's Vuse e-cigarette saw a slight increase in market share in the United States, rising to 42.1%, surpassing the second-ranked Juul, whose market share remained unchanged at 24.4%.
ELFBAR has launched its disposable e-cigarette product "BC10000" in Latin America. The product has also made its debut in the Saudi Arabian market this month.
Japanese Tobacco International (JTI) has accused Oriental Company, Egypt's largest tobacco producer, of engaging in anti-competitive practices and has lodged a complaint with Egypt's competition authority, the Egyptian Competition Authority (ECA).
In October 2023, China exported e-cigarettes to the United States with a value of approximately 256 million US dollars, representing a month-on-month growth rate of 0.02% but a year-on-year decline of 11.49%. The export volume amounted to about 5940 tons, indicating a month-on-month decrease of 1.57%, yet a year-on-year increase of 6.35%.
According to analysis, the Brazilian e-cigarette market is substantial but hindered by sales restrictions, leading to cumbersome clearance procedures. In typical cases, logistics providers tend to transport the goods to neighboring country Paraguay first, and then introduce them into the Brazilian market through smuggling methods.
According to a Russian e-cigarette clearance company, the demand for compliant products in the Russian market is substantial. To ensure that their products can be properly listed on the Russian market, businesses must make thorough preparations at least three months in advance.
According to South Korean customs data, the import volume of synthetic nicotine oil in the first half of this year has already reached 91 tons, with a projected import volume of nearly 200 tons for the whole year.
Greece is set to impose taxes on nicotine products, with non-tobacco nicotine heating products taxed at a rate of 156.7 euros per kilogram, and nicotine pouches taxed at a rate of 50 euros per kilogram.
The global nicotine gum market is estimated to reach a valuation of $1.2 billion in 2022, with a projected increase to $1.8 billion by 2030.
UK tobacco alternative company Chill Brands Group PLC has reached a distribution agreement with Flawless Vape Shop, the largest category specialist distributor in the UK. Flawless Vape Shop will distribute Chill Brands Group PLC's zero-nicotine e-cigarette product, Chill ZERO, with the first batch of orders already signed.
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