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 statistics from China to Indonesia in September 2023. The details are as follows:
The export volume amounted to approximately 8.41 million US dollars, registering a 13.18% increase compared to the previous period, and a 2.38% decline year-on-year.
The export volume reached approximately 131 tons, representing a month-on-month growth rate of 16.19% and a year-on-year growth rate of 15.15%.
The average export unit price of the product is $64.15 per kilogram, marking a decrease of 2.59% compared to the previous period and a decrease of 15.22% compared to the same period last year. Additionally, the average price of "e-cigarette and similar personal electronic vaporizers" is $7.87 per unit.
Among them, "e-cigarettes and similar personal electronic vaporizing devices" account for 69.92% of the export category, while the "non-combustible, non-tobacco or synthetic tobacco-containing products with nicotine for oral consumption" account for 30.08%.
According to data from Statista, it is predicted that the revenue of the e-cigarette market in Indonesia will reach $400 million by 2023. The market is expected to have an annual growth rate of 2.77% (compound annual growth rate between 2023 and 2028). The average e-cigarette consumption per capita is $1.77. The e-cigarette market in Indonesia is experiencing rapid growth due to factors such as a young population, increasing disposable income, and a lack of strict regulations.
Notice
1. This article is provided exclusively for professional research purposes related to industry, technology and policy. Any reference to brands or products is made solely for the purpose of objective description and does not constitute an endorsement, recommendation, or promotion of any brand or product.
2. The use of nicotine products, including but not limited to cigarettes, e-cigarettes, and heated tobacco products, is associated with significant health risks. Users are required to comply with all relevant laws and regulations in their respective jurisdictions.
3. This article is strictly restricted from being accessed or viewed by individuals under the legal age.
Copyright
This article is either an original work by 2Firsts or a reproduction from third-party sources with the original source clearly indicated. The copyright and usage rights of this article belong to 2Firsts or the original source. Unauthorized reproduction, distribution, or any other unauthorized use of this article by any entity or individual is strictly prohibited. Violators will be held legally responsible. For copyright-related matters, please contact: info@2firsts.com
AI Assistance Disclaimer
This article may have utilized AI to enhance translation and editing efficiency. However, due to technical limitations, errors may occur. Readers are advised to refer to the sources provided for more accurate information.
This article should not be used as a basis for any investment decisions or advice, and 2Firsts assumes no direct or indirect liability for any errors in the content.
