Global E-cigarette Industry Weekly (Jan. 2-8)

Global E-cigarette Industry Weekly (Jan. 2-8)

1. Recently, Jiangsu Tobacco Monopoly Administration successfully cracked a serious case of illegal operation of heat non-burn (HNB) cigarettes, with a case value as high as RMB 800 million.

2. At 17:00 on January 5 (Beijing time), 2FIRSTS held an online meeting with Independent European Vape Alliance (IEVA) to discuss the 2023 annual development strategy.

3. At 17:00 on January 6, 2FIRSTS will hold an expert lecture on "In-depth Interpretation of Tax Policy on Vape in Russia", and invite Liang Jiasen, an expert of 2FIRSTS on vape policy and market in Russia, to exclusively and deeply interpret Russia's vape regulatory policy.

4. Recently, seven scientific and technological projects of China Tobacco Zhejiang Industrial Co., Ltd., including "R&D and Large-scale Application of Key Technologies for Green Printing of Paper Packaging Based on Electron Beam Curing", have successfully passed the achievement appraisal.

5. Recently, the finished product warehouse of China Tobacco Guangdong Industrial Co., Ltd. has been successfully delivered and put into use. Located in the northeast of the Guangzhou Cigarette Factory, the warehouse can meet the inventory demand of 50,000 boxes of cigarettes.

# Global #

• According to Yahoo News, the global market of heated tobacco products (HTPs) was valued at USD 4.16 billion in 2021, which is expected to increase to USD 7.97 billion by 2027.

# Europe #

• Due to inflation, it is estimated that the price of a pack of cigarettes in France will increase by 50 euro cents (about RMB 3.44) in 2023 and 35 euro cents (about RMB 2.4) in 2024.

• According to Nielsen's convenience store data for October, IQOS took up 99.5% of heat-not-burn (HNB) tobacco's market share in the UK, meaning that IQOS ranked No.1 among this category of products in the UK.

• Waitrose, a British supermarket, announced that it would stop selling disposables. This is the first supermarket in the UK to ban the sale of disposables.

• As of January 1, the prices of all types of cigarettes in Serbia will go up by another RSD 10 (about RMB 0.62) per pack, so that the cheapest pack will cost RSD 310 (about RMB 19), and the most expensive will go up to RSD 600 (about RMB 37).

• According to a new study by PML, "price" will be the main factor influencing the UK's vape sales in 2023. The findings of the study show that more than half (57%) of the UK's customers will choose the cheapest vape products.

#Middle East#

• Morocco's Administration of Customs and Indirect Taxes (ADII) announced that the prices of tobacco-based products will increase starting January 2023, and that of every pack of cigarettes will go up by RNB 0.66 to RMB 1.32.

#North America#

• On January 2 (EST), 2FIRSTS Washington News Center's staff visited Housing Works Cannabis Co, the first licensed cannabis store in New York State, the USA and witnessed its opening. They learned that the price of the store's products was twice that of those on the black market, and the price of 1 gram of CBD cartridges was 13.8 times that of equivalent nicotine cartridges.

• CES 2023 will take place in Las Vegas, USA on January 5-8 (EST). It will showcase several core vape technologies that may be applied to the vape sector.   2FIRSTS will bring our readers up-to-date information through live reports.

• An analyst at the New York Stock Exchange argues that PMI's earnings will grow at 2.8% p.a. over the next five years, with a dividend payout ratio of around 92% in 2022.
 

# North America #

• The U.S. Food and Drug Administration (FDA) requires manufacturers to adopt child-resistant packaging for vaping and tobacco products, including using warning signs and indicating potential hazards on the package.

• On January 12, the U.S. Food and Drug Administration (FDA) will convene a seminar on the ban of flavored tobacco, including the ban of menthol flavors in tobacco products.

• The Ohio government will sign a ban on vapes, which will prohibit cities in Ohio from enacting any laws regarding tobacco or vaping products that are stricter than state law.

• Maine lawmakers have submitted a bill that, if passed, would prohibit the sale of all flavored tobacco products, including flavored vapes, in the state.

• The U.S. Food and Drug Administration (FDA) is planning to make recommendations on how to regulate the use of CBD products.

• From April 1, 2023, the sale of flavored tobacco products will be banned in South Portland, Maine, the US.

# Asia #

• Indonesia will ban the sale of single cigarettes in 2023. Asosiasi Pemerintah Provinsi Seluruh Indonesia (APPSI) said the sales ban could reduce vendors' income as the public purchasing power is weakening.

• The Consumer Protection Competition and Fraud Repression Directorate-General (CCF) of Cambodia's Ministry of Commerce, in cooperation with National Authority for Combating Drugs (NACD), incinerated 288 cartons of illegally sold vapes at a landfill in Dangkao, Phnom Penh.

• The Government of Sri Lanka has raised the consumption tax on alcohol and cigarettes by 20% in an effort to boost state revenues and curb alcohol and alcohol consumption.
 

SMOORE
• VAPORESSO, a self-brand owned by SMOORE, announced that it has been authorized by the Ministry of Industry and Advanced Technology (MoIAT) of the United Arab Emirates (UAE) to become the first vape brand to be approved for compliance into the UAE.

Shunho Stock
• Recently, Shunho Stock announced on the investor interactive platform that its subsidiary has reached cooperation with several Chinese tobacco companies, including overseas marketing, sample production and R&D of smoking set.

Intretech
• Recently, Intretech announced on the investor interactive platform that it has been producing IQOS core components in small quantities and has no plans to create its own vape brand for the time being.

Jinjia Group
• On January 4, Jinjia Group signed the Strategic Cooperation Agreement with Hongsheng Group, entrusting 20% of the voting rights held by Hongsheng Printing to Hongsheng Group. This agreement is valid from December 16, 2022 to December 31, 2025.

Cabbacis
• Cabbacis, a U.S. federally licensed manufacturer of tobacco products, announced that the Canadian Intellectual Property Office (CIPO) has issued a patent for its vape that contains very low levels of nicotine and cannabis.