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.
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.
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%.
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