In October, China's electronic cigarette exports reached 888 million US dollars: Demand from emerging markets in Asia and Africa strengthened, and Indonesia's year-on-year growth exceeded 300%

In October, China's electronic cigarette exports reached 888 million US dollars: Demand from emerging markets in Asia and Africa strengthened, and Indonesia's year-on-year growth exceeded 300%

In October 2024, the total export value of electronic cigarettes from China reached about 888 million US dollars, with an export volume of about 21000 tons. The United States, the United Kingdom, South Korea, Germany, and Malaysia were the top five markets.

 

On October 20th, the General Administration of Customs of China updated the export trade data of electronic cigarettes for October 2024. According to data, the total export value of electronic cigarettes in China in October was about 888 million US dollars, a month on month increase of 3.89% and a year-on-year increase of 2.43%; The export volume is about 21000 tons, a month on month increase of 7.72% and a year-on-year increase of 2.26%.

Drawing: Two Up to One

Poland falls out of the top ten, Indonesia grows by over 300% year-on-year

 

Data shows that the United States, the United Kingdom, South Korea, Germany, and Malaysia occupy the top five export markets.

 

Specifically, the United States remains the largest export destination country, with exports reaching $255 million, a month on month decrease of 2.51% and a year-on-year increase of 9.57%, accounting for 32% of total exports.

 

Next are the UK and South Korea, with a month on month increase of 19.28% and a year-on-year decrease of 5.54%, with exports of $113 million; The export value to South Korea reached 57.22 million US dollars, a month on month increase of 6.58% and a year-on-year decrease of 17.39%.

 

In addition, the export value of Germany and Malaysia was 56.7 million US dollars and 37.89 million US dollars respectively. Among them, Malaysia saw a year-on-year growth of 24.97%, with recent fluctuations being relatively small and showing sustained growth.

 

Other countries that entered the top ten include the Netherlands ($36.07 million), Russia ($31.39 million), the United Arab Emirates ($24.82 million), Indonesia ($24.41 million), and Canada ($23.12 million).

 

It is worth noting that Indonesia has grown rapidly, with a month on month growth of 31.19% and a year-on-year growth of 303.28%, making it one of the fastest-growing markets in Asia. Poland and Italy in Europe both showed significant month on month growth, with Poland increasing by 21.86% and exports reaching $17.14 million, falling out of the top 10 again after September; Italy saw a month on month growth of 40.74% and a year-on-year growth of 76.1%, with exports reaching 15.76 million US dollars.

 

 

Emerging markets in Asia and Africa continue to grow, with exports to Azerbaijan reaching 6.57 million US dollars

 

Two First noticed that in addition to Indonesia, the export volume of countries such as Pakistan, Azerbaijan, Tajikistan, Zambia, and Israel also maintained both month on month and year-on-year growth.

 

Specifically, the export value of electronic cigarettes to Azerbaijan was 6.57 million US dollars, a month on month increase of 54.92% and a year-on-year increase of 241.80%. Azerbaijan's export value ranked 23rd in October, and the country is located at a cross Eurasian trade hub, with relatively low transportation costs for Chinese electronic cigarette exports; The export value of electronic cigarettes to Pakistan reached 1.67 million US dollars, a month on month increase of 18.23% and a year-on-year increase of 311.22%. In recent years, local electronic cigarettes have continuously increased their market penetration through social media marketing and local distribution networks; Tajikistan saw a month on month increase of 280.70% and a year-on-year increase of 392.31%. China has close trade relations with Tajikistan, and transporting electronic cigarettes by land is more efficient.

 

Zambia saw a month on month growth of 348.25% and a year-on-year growth of 460.12%; The export value to Israel was 2.61 million US dollars, a month on month increase of 4.60% and a year-on-year increase of 647.47%.

 

In addition, the average export unit price was 41.99 US dollars per kilogram, a decrease of 3.56% month on month and a year-on-year increase of 0.16%; The average price of electronic cigarettes and similar personal electronic atomization devices is $4.3 per unit.

Drawing: Two Up to One

Among them, "electronic cigarettes and similar personal electronic atomization devices" account for 24.2% of the export category, while "non combustible products that do not contain tobacco or reconstituted tobacco, and contain nicotine" account for 75.8%.

Drawing: Two Up to One