China's E-cigarette Exports to Philippines in September 2023
According to the latest trade data updated by the General Administration of Customs of the People's Republic of China, 2FIRSTS has compiled the e-cigarette export figures to the Philippines for September 2023 as follows:
Exports were approximately $17.86 million, decreasing by 0.13% compared to the previous period, while witnessing a significant year-on-year growth of 100.88%.
Exports reached approximately 409 tons, with a month-on-month increase of 3.09% and a year-on-year increase of 209.08%.
The export unit price is $43.65 per kilogram, down 3.13% compared to the previous month and down 35.01% compared to the same period last year. The average price for "e-cigarettes and similar personal electronic vaporizers" is $5.22 per unit.
Among them, 'e-cigarettes and similar personal electronic vaporizing devices' account for 11.83% of the export category, while 'non-combustible products without tobacco or reconstituted tobacco containing nicotine for inhalation' account for 88.17%.
According to data from Statista, the revenue of the e-cigarette market in the Philippines is projected to reach $240 million in 2023. The market is expected to grow at a compound annual growth rate of 2.53% from 2023 to 2028. When calculated on a per capita basis, the average e-cigarette consumption in the Philippines is estimated to be $2.57 in 2023. The popularity of e-cigarettes in the country has been increasing over the years, with a growing number of consumers opting for this alternative.
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.
