China’s e-cigarette exports to Russia saw a decline of 12.98% in October 2023, with revenue totaling $28.98 million, according to updated trade data from the General Administration of Customs of the People’s Republic of China.
The export volume amounted to approximately $28.98 million, indicating a 12.98% decrease compared to the previous period and a year-on-year decrease of 30.57%.
Furthermore, the export volume was approximately 618 tons, showing a month-on-month decrease of 12.88% and a year-on-year decrease of 13.22%.
The export unit price dropped by 0.11% compared to the previous period and decreased by 20.00% compared to the same period last year, with an average price of $46.90 per kilogram. Meanwhile, the average price of “e-cigarettes and similar personal electronic atomization devices” was $8.04 per unit.
Additionally, “e-cigarettes and similar personal electronic vaporizers” accounted for 22.74% of the export product category, while “non-combustible, tobacco-free or reconstituted tobacco products containing nicotine for non-smoking use” accounted for 77.26%.
According to data from Statista, the revenue of the e-cigarette market in Russia is projected to reach $1.1 billion by 2023, and the market is expected to grow at an annual compound growth rate of 2.80% from 2023 to 2028. The per capita e-cigarette consumption in Russia is estimated to be approximately $8.93 in 2023. The Russian e-cigarette market is experiencing rapid growth, driven by increasing consumer demand and lenient regulations.
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