China's E-cigarette Export to South Korea Reached $69.27 million in October 2023
According to the updated trade data from the General Administration of Customs of the People's Republic of China, 2FIRSTS has compiled the e-cigarette export data to South Korea in October 2023. Here are the details:
The export volume reached approximately $69.27 million, showing a 15.87% increase compared to the previous period and a 5.76% increase compared to the same period last year.
The export volume reached approximately 3,296 tons, showing a month-on-month growth of 27.41% and a year-on-year growth of 104.08%.
The export unit price dropped by 9.06% month-on-month and 48.18% year-on-year, amounting to 21.02 USD per kilogram. The average price for "e-cigarettes and similar personal electronic vapor devices" stands at 3 USD per unit.
Among them, "e-cigarettes and similar personal electronic vaporizers" accounted for 10.09% of the export product category, while "non-combustible products containing nicotine that do not include tobacco or reconstituted tobacco" accounted for 89.91%.
According to data from Statista, the predicted revenue for the e-cigarette market in South Korea will reach $60.5 million in 2023. It is estimated that the market will experience an annual growth rate of 2.43% from 2023 to 2028 (compound annual growth rate). In 2023, the per capita e-cigarette consumption in South Korea is expected to be $1.26. The e-cigarette market in South Korea is growing rapidly, catering to a tech-savvy population with its diverse flavors and fashionable designs.
Disclaimer:
This article is translated from an original Chinese article available on 2firsts.cn by AI, and has been reviewed and edited by 2FIRSTS's English editorial team. The Chinese original text is the only authoritative source of information. The exclusive copyright and license rights to this article are held by 2FIRSTS Technology Co., Ltd. Any reproduction, reprinting, or redistribution of this article, either in part or in full, requires express written permission from 2FIRSTS and must include clear attribution along with a link to this content. Non-compliance may result in legal action. 2FIRSTS Technology Co., Ltd. reserves the right to pursue legal actions in case of unauthorized use or distribution.
