China's e-cigarette exports will reach nearly US$11 billion in 2024, with the United States, Britain and South Korea ranking in the top three

China's e-cigarette exports will reach nearly US$11 billion in 2024, with the United States, Britain and South Korea ranking in the top three

Based on the full-year data for 2024, China's exports of e-cigarettes to foreign countries were nearly 11 billion US dollars, a year-on-year decrease of 1.11%; in December, China's e-cigarette exports totaled about 1.011 billion US dollars, an increase of 8.8% from the previous month and a decrease of 7.9% from the previous year.

On January 20, the General Administration of Customs of China updated the e-cigarette export trade data for December 2024. Data show that in December 2024, China's e-cigarette exports totaled about 1.011 billion US dollars, an increase of 8.8% from the previous month and a decrease of 7.9% from the previous year. Based on the full-year data for 2024, China's exports of e-cigarettes to foreign countries were nearly 11 billion US dollars, a year-on-year decrease of 1.11%.

In December, the export value exceeded 1 billion US dollars again, and the United States, Britain and South Korea ranked in the top three

In December, China's e-cigarette export market continued to be dominated by North America, Europe and Southeast Asia, and the main market rankings were as follows:

1. The United States: exports reached 398 million US dollars, accounting for 39.3% of the global export share, an increase of 21.8% from the previous month, and a strong year-on-year growth, still ranking first.

2. UK: ranked second with $101 million, a significant month-on-month increase of 15.01%.

3. South Korea: ranked third with $63.96 million, a slight month-on-month increase of 4.5%.

4. Germany: Exports in December were $51.03 million, down 21.4% month-on-month.

5. Malaysia: Exports reached $36.51 million, up 15.8% month-on-month.

In addition, Russia's exports increased by 25.94% month-on-month to $32.37 million. Although the total volume decreased, it maintained a moderate growth trend; Canada's exports were $32.11 million, up 11.22% month-on-month; the UAE remained stable at $28.33 million, up 10.72% month-on-month; Indonesia's exports were $23.31 million, up 2.2% month-on-month, but it is still an important market in Southeast Asia; the Netherlands' exports were $23.05 million.

Exports in 2024 will exceed 10 billion US dollars, and markets such as Germany and the United Arab Emirates will perform well

In 2024, China's exports of e-cigarettes will reach 10.96 billion US dollars. The top ten countries and regions in the export market are ranked as follows:

1. The United States: The export value is as high as 3.701 billion US dollars, accounting for 33% of the total export value. It is the world's largest market, and the demand continues to be strong.

2. The United Kingdom: The export value reached 1.219 billion US dollars. It is the main consumer country in Europe and the second largest market in the world, with stable performance.

3. South Korea: Ranked third with 717 million US dollars, it has obvious hub function as a product transit station.

4. Germany: The export value is 677 million US dollars, a significant year-on-year increase, becoming the largest importer of e-cigarettes in the European Union.

5. Russia: The annual export value is 529 million US dollars. Despite the influence of geopolitical and economic factors, it still maintains a high demand.

6. The Netherlands: Ranked sixth with 418 million US dollars, an important product transit country in Europe, and performed relatively steadily.

7. Malaysia: Exports amounted to $384 million. Under the conditions of strengthened policies and regulations, it is the leading market in Southeast Asia.

8. Canada: The annual export value was $276 million, with stable performance.

9. UAE: Exports amounted to $256 million, and demand in the Middle East grew significantly.

10. Japan: With $216 million, it ranked among the top ten and is a new growth point in the Asian market.

Looking back overall, the e-cigarette market in 2024 is divided by region, and the trends within the market are different.

The US has strengthened its leading position: the US market accounts for more than one-third of the market share and is the world's largest single e-cigarette market;

The European market is showing a differentiated situation: the UK remains stable, while Germany in the EU has a significant growth rate, and the internal market structure of Europe has adjusted;

Emerging markets are rising rapidly: markets such as Japan and the UAE have performed well, showing strong growth potential;

Policy instability is evident: Although there is demand in Southeast Asian markets (such as Malaysia) and Russia, policy fluctuations and the economic environment have a certain impact on their growth.