China's E-cigarette Exports to Indonesia in September 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 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.
Disclaimer:
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