In 2023, China’s total exports of vape products will reach US$11.084 billion, compared with US$9.854 billion in 2022, a year-on-year increase of 12.50%. China continues to maintain its advantage as the world’s largest vape manufacturer and exporter.
Among China’s top ten export markets for vapes in 2023, the United States and the United Kingdom still occupy the top two positions, with export volumes of US$3.101 billion and US$1.417 billion respectively. However, the growth rate is not large, and they are affected by the tightening of vape regulation in the United States and the United Kingdom. Due to the impact of the ban on sexual vapes, the market size of both the United States and the United Kingdom is likely to decline in 2024.
It is worth noting that Malaysia ranks as the sixth largest export market of China’s vapes with US$385 million, and the Philippines ranks in the top ten with US$200 million. In 2023, China’s total vape exports to these two Southeast Asian countries will increase by 10%. 22.61% and 146.91%.
In addition to Malaysia and the Philippines, the vape market in Southeast Asia such as Indonesia, Thailand, and Vietnam has also entered a stage of rapid growth. With the crackdown on vapes by U.S. regulatory agencies and the gradual implementation of the British disposable vape ban, more and more vapes will be used in 2024. Cigarette companies are focusing their growth on the Southeast Asian market.
From September 6th to 8th this year, ANTY EXPO 2024 Asia International New Tobacco Exhibition will be held at the Malaysia International Convention and Exhibition Center. The exhibition will bring together terminal manufacturers and products such as electronic cigarettes, HNB, snus, open-type, herbal series, and CBD series. , at the same time, industry upstream supply chain companies, logistics testing and other service companies, and finished product OEMs will also gather together to create the world’s only new tobacco industry chain exhibition.
In this context, as an vape brand with eleven years of experience in vape manufacturing and stable sales in Malaysia and other countries for many years, Veehoo vapes are further exploring the Southeast Asian market.
As a brand actively expanding its market, Veehoo vape is paying close attention to the development trend of China’s vape export market. The brand is aware of the potential of the Southeast Asian market and plans to increase market development efforts in the region. As the sixth largest export market for Chinese vapes, Malaysia will become one of the key targets for Veehoo vapes.
It is worth noting that in September this year, ANTY EXPO 2024 Asia International New Tobacco Exhibition will be held at the Malaysia International Convention and Exhibition Center. This exhibition will bring together terminal manufacturers and products such as vapes, HNB, snus, open-type, herbal series, CBD series, etc. It will also have upstream supply chain companies, logistics testing and other service companies and finished product OEMs participating in the exhibition. Veehoo vape intends to participate in this exhibition to further promote the brand and find opportunities to cooperate with Southeast Asian partners.
In the process of expanding into the Southeast Asian market, Veehoo vapes will continue to adhere to compliance operations and strict product quality control. The brand will work with local regulatory agencies to comply with local regulations and norms to ensure product safety and quality. At the same time, Veehoo vapes will also strengthen communication with consumers and the public, providing objective scientific information to help people make informed choices and realize that vapes are not completely harmless.
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