China's October E-Cigarette Exports Hit $888M as Indonesia's Demand Surges Over 300%

Nov.20.2024
China's October E-Cigarette Exports Hit $888M as Indonesia's Demand Surges Over 300%
In October 2024, China exported approximately $888 million worth of vapes, totaling around 21,000 tons. The top five export destinations were the United States, the United Kingdom, South Korea, Germany, and Malaysia.

On October 20, China's General Administration of Customs released data on vape exports for October 2024. Exports totaled approximately $888 million, showing a 3.89% increase from September and a 2.43% rise compared to the same period last year. The export volume reached about 21,000 tons, up 7.72% month-over-month and 2.26% year-over-year.

 

China's October E-Cigarette Exports Hit $888M as Indonesia's Demand Surges Over 300%
Image source: 2Firsts

 

 

Poland Falls Out of Top Ten as Indonesia's Growth Surges Over 300%

 

 

Data shows that the United States, the United Kingdom, South Korea, Germany, and Malaysia were the top five export markets for Chinese vapes in October.

 

  • United States: The largest destination, with exports totaling $255 million, accounting for 32% of total exports. This represents a 2.51% decline from September but a 9.57% increase year-over-year.
  • United Kingdom: Exports reached $113 million, up 19.28% month-over-month but down 5.54% year-over-year.
  • South Korea: Exports totaled $57.22 million, a 6.58% increase from September but a 17.39% decline year-over-year.
  • Germany: Exports amounted to $56.7 million.
  • Malaysia: Exports reached $37.89 million, showing a 24.97% year-over-year increase with stable, consistent growth.

 

Other countries in the top ten included:

 

  • Netherlands: $36.07 million
  • Russia: $31.39 million
  • UAE: $24.82 million
  • Indonesia: $24.41 million, showing rapid growth with a 31.19% month-over-month increase and a remarkable 303.28% year-over-year rise, making it one of the fastest-growing markets in Asia.
  • Canada: $23.12 million.

 

In Europe, Poland and Italy showed significant growth but had different rankings:

 

  • Poland: Exports rose 21.86% month-over-month to $17.14 million, but it dropped out of the top ten rankings for the second consecutive month.
  • Italy: Exports increased 40.74% month-over-month and 76.1% year-over-year, reaching $15.76 million.

 

 

Asia and Africa's Emerging Markets Surge as Azerbaijan's Exports Hit $6.57 Million

 

 

2Firsts observed that, in addition to Indonesia, countries like Pakistan, Azerbaijan, Tajikistan, Zambia, and Israel also recorded both month-over-month and year-over-year growth in vape exports.

 

  • Azerbaijan: Vape exports reached $6.57 million, a 54.92% increase month-over-month and 241.80% year-over-year, ranking 23rd in October. Located at a key Eurasian trade hub, Azerbaijan benefits from relatively low transportation costs for Chinese vape exports.
  • Pakistan: Exports totaled $1.67 million, rising 18.23% month-over-month and 311.22% year-over-year. Local market penetration has increased through social media marketing and local distribution networks.
  • Tajikistan: Exports surged by 280.70% month-over-month and 392.31% year-over-year, supported by strong trade ties with China and efficient land transport routes for vapes.
  • Zambia: Exports increased 348.25% month-over-month and 460.12% year-over-year.
  • Israel: Exports reached $2.61 million, showing a 4.60% month-over-month increase and a remarkable 647.47% year-over-year growth.

 

Additional data showed:

 

  • The average export price was $41.99 per kilogram, down 3.56% month-over-month but up 0.16% year-over-year.
  • The average price for "vapes and similar personal electronic vaporizing devices" was $4.30 per unit.

 

China's October E-Cigarette Exports Hit $888M as Indonesia's Demand Surges Over 300%
Image source: 2Firsts

 

Among the export categories, "Electronic cigarette and similar personal electric vaporizing devices" accounted for 24.2%, while "Products containing nicotine, intended for inhalation without combustion" made up 75.8%.

 

China's October E-Cigarette Exports Hit $888M as Indonesia's Demand Surges Over 300%
Image source: 2Firsts

 

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