Committee Disclose Exports of Vape Products from China up to $27.82B

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Exports of E-Cigarettes Reach $27.82B

The Electronic Cigarette Industry Committee of the China Electronics Chamber of Commerce released its Blue Book of Electronic Cigarette Exports on Tuesday. The report estimates that the country’s electronic cigarette exports will reach 186.7 billion yuan ($27.82 billion) this year, with exports in the first quarter already totaling 45.3 billion yuan.

Committee Disclose Exports of Vape Products from China up to $27.82B

According to the Blue Book, the exports of e-cigarettes in China were 138.3 billion yuan in 2021, an increase of 180% year on year. Among the over 1,500 e-cigarette enterprises in China, more than 70% of enterprises were export-oriented.

US Market Accounts for 58%

Geographically, the Blue Book counts the scale of China’s e-cigarette export in different markets in the first quarter of 2021. Among them, the US market accounts for the largest proportion of 58% ($73.3 billion), the European Union and Britain account for 24% ($34 billion), Russia accounts for 8% ($9.7 billion), Southeast Asia and the Middle East account for 5% and 4%.

1500+ Chinese Vape Companies

Although there has been some controversy in the development of e-cigarettes, many still want to consider the industrial value and explore the harm reduction technology that comes along with the new business model. In 2021, there were more than 1,500 domestic e-cigarette manufacturing and brand enterprises, more than 190,000 e-cigarette retail outlets, and nearly 100,000 e-cigarette supply chains and merchandise service enterprises. The domestic e-cigarette industry directly employs about 1.5 million people and indirectly employs 4 million people, totaling about 5.5 million people.