China's E-Cigarette Exports to Russia: 2023 Statistics and Market Outlook

Industry Insight by 2FIRSTS.ai

Nov.28.2023

China's E-Cigarette Exports to Russia: 2023 Statistics and Market Outlook

China's e-cigarette exports to Russia in October 2023 witnessed a decline of 12.98%, with revenue totaling $28.98 million.

According to the updated trade data from the General Administration of Customs of the People's Republic of China, 2FIRSTS has analyzed the e-cigarette exports from China to Russia in October 2023. The details are as follows:

The export volume amounted to approximately $28.98 million, marking a decrease of 12.98% compared to the previous period and a year-on-year decrease of 30.57%.

The export volume was approximately 618 tons, showing a month-on-month decrease of 12.88% and a year-on-year decrease of 13.22%.

The export unit price dropped by 0.11% compared to the previous period and decreased by 20.00% compared to the same period last year, with an average price of $46.90 per kilogram. Meanwhile, the average price of "e-cigarettes and similar personal electronic atomization devices" was $8.04 per unit.

Among them, "e-cigarettes and similar personal electronic vaporizers" accounted for 22.74% of the export product category, while "non-combustible, tobacco-free or reconstituted tobacco products containing nicotine for non-smoking use" accounted for 77.26%.

According to data from Statista, it is projected that the revenue of the e-cigarette market in Russia will reach $1.1 billion by 2023. The market is expected to grow at an annual compound growth rate of 2.80% from 2023 to 2028. The per capita e-cigarette consumption in Russia is estimated to be approximately $8.93 in 2023. The Russian e-cigarette market is experiencing rapid growth, driven by increasing consumer demand and lenient regulations.

Also Read:

[1] China's E-cigarette Exports Reached $867 million in October, Lowest Level since March

[2] Analysis of China's E-cigarette Export to Germany in October 2023

[3] China's E-cig Export to US Increases in October, 2023, a YoY Decrease of 11.5%

#Customs #Russia #E-cigarette #E-cigarettes and Tobacco #E-cigarette Market #China Export Data

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