Interview with IJOY: The Spanish Vaping Market on a Decline, New Brands Struggle to Survive under TPD Regulations

Jun.04.2023
Interview with IJOY: The Spanish Vaping Market on a Decline, New Brands Struggle to Survive under TPD Regulations
Chinese e-cigarette companies entering Spanish market due to oversupply. However, regulations and market saturation limit growth.

Special announcement:

This article is for internal industry research and communication only and does not endorse any specific brand or product. Minors are prohibited from accessing it.

 

At 10:00 am on June 3rd, according to Madrid time (4:00 pm Beijing time), the Vapexpo, an electronic cigarette exhibition, was officially inaugurated at the Pabellón de Cristal exhibition center in Madrid, Spain.

 

Spain, located in southwestern Europe, lags behind countries such as the UK, France, and Germany in terms of electronic cigarette sales. According to data from statistics website Statista, the country's total revenue from electronic cigarettes is expected to reach $194.6 million by 2023. However, 2FIRSTS learned from a recent electronic cigarette trade show that an increasing number of Chinese electronic cigarette manufacturers have entered the Spanish market.

 

The electronic cigarette market in Spain has more supply than demand.

 

The head of IJOY's Netherlands branch, Zhu Zhihui, has stated that Spain will experience a boom in the electronic cigarette industry starting from July 2022. Zhu believes that new brands will enter the market and attempt to gain a competitive edge by lowering prices, in an effort to attract new users.

 

He said, "Nowadays, the competition in the Spanish market is not about a specific product or flavor.

 

Secondly, and most importantly, IJOY has chosen to establish its European subsidiary headquarters in the Netherlands due to the country's leading position in European logistics. Furthermore, there is currently an excess of e-cigarette inventory in the market compared to the demand.

 

Zhu Zhihui stated:

 

Absolute supply exceeds demand.

 

In order to expand their markets, many electronic cigarette brands have resorted to risky tactics in Spain, evading regulations and even selling electronic cigarettes with a capacity of up to 8000 puffs to retailers.

 

According to regulations in Spain, the sale of e-cigarette products in the market is only allowed if their capacity is below 2ml (equivalent to approximately 600 puffs).

 

These actions have led to increased government regulation, with Spain introducing a series of policies to strengthen e-cigarette regulation starting from the end of 2022.

 

In reality, electronic cigarette vendors in Spain are not deliberately breaking the law by selling their products. The 600-puff limit allowed by the European Tobacco Products Directive (TPD) has discouraged consumers from purchasing compliant products and instead turned to buying illegal ones. With an oversaturated market, sellers have resorted to competing based on high quantities.

 

Indeed, this is a reflection of market demand. Consumers have little interest in the 600 product.

 

The market is declining.

 

According to Zhu Zhihui, the electronic cigarette market in Spain is declining. Under restrictive regulations, all manufacturers are competing within a limited range of 600 units, with price being the sole determinant of market value.

 

He gave an example that, if a product were to be sold at a price of 1 yuan to the market, as long as someone helped him clear the stock, it would be fine. However, the cost of customs clearance and logistics would already be between 0.3-0.4 euros.

 

I too can create a brand, and I can even abandon my brand for someone else to take up.

 

Manufacturers are struggling to maintain profit margins in the face of high costs and fierce price competition. When introducing new products, they are immediately met with competition from similar companies. As a variety of products flood the market, lesser-known small and medium-sized brands lack the recognition to establish dominance, ultimately leading to a lack of visibility for new products in the market.

 

Zhu Zhihui said to 2FIRSTS:

 

Currently, it is actually quite difficult to launch new products.

 

He and his team participated in the Madrid Electronic Cigarette Exhibition in Spain with the aim of expanding their customer base and increasing brand recognition.

 

2FIRSTS will continue to report on the latest developments from the exhibition. Stay tuned for updates.

 

Background:

 

On May 15th, 2FIRSTS and VAPEXPO SPAIN announced a partnership as media collaborators aimed at promoting the development and exchange of the global electronic cigarette industry.

 

Vapexpo Spain is the largest and most important exhibition for the vaping industry in Spain, bringing together manufacturers, suppliers, retailers, and industry experts from around the world. As a global technology media and think tank, 2FIRSTS shines a spotlight on hot topics and trends in the global vaping market, dedicated to promoting information and communication in the global e-cigarette industry and leveraging media influence to support the development of the vaping industry worldwide.

 

*This article is an original article of 2FIRSTS Technology Co., Ltd. The copyright and license rights belong to the company. Any entity or individual shall make link and credit 2FIRSTS when taking actions to copy, reprint or distribute the original article. The company retains the right to pursue its legal responsibility.

Product | VEEV One Plus Goes Official as PMI Strengthens Its Closed-Pod Vaping Portfolio
Product | VEEV One Plus Goes Official as PMI Strengthens Its Closed-Pod Vaping Portfolio
Philip Morris International (PMI) has officially introduced the VEEV One Plus, the next-generation device in its closed-pod vaping lineup. The product is now featured on the official VEEV website in Portugal, bringing hardware upgrades including a new dual-pod storage system, a larger battery, and an updated device design while maintaining compatibility with existing VEEV One pods.
Jul.02
JT Plans ¥800 Billion Investment in Heated Tobacco Over Three Years, Betting on Ploom as Second Growth Engine
JT Plans ¥800 Billion Investment in Heated Tobacco Over Three Years, Betting on Ploom as Second Growth Engine
Japan Tobacco Inc. (JT) CEO Takehiko Tsutsui said the company plans to invest about ¥800 billion (approximately US$5.4 billion) in heated tobacco products over three years through 2028, aiming to establish Ploom as a second growth engine after combustible cigarettes. Tsutsui said Ploom AURA helped JT increase its share of Japan’s heated tobacco market to 15.8% in the first quarter of 2026. Ploom products are now available in 29 markets, with Ploom AURA sold in 25 markets including Japan. JT also plans to continue its cigarette business while positioning its food operations, particularly frozen noodle products in North America, as another growth opportunity.
Jul.23
Special Report | China Opens Draft Mandatory Heated Cigarette Standard for Comment, Multiple Heating Technologies Remain in Scope
Special Report | China Opens Draft Mandatory Heated Cigarette Standard for Comment, Multiple Heating Technologies Remain in Scope
China’s State Tobacco Monopoly Administration (STMA) has released a draft mandatory national standard for heated cigarettes, setting out detailed requirements for tobacco sticks, heating devices and aerosols. The proposal treats the stick and device as parts of the same product system, focuses on minimum safety and quality requirements, and leaves several heating architectures within scope.
Special Report
Jul.29
FDA Sued Over Allowing Some Unauthorized Vapes and Nicotine Pouches to Stay on Market
FDA Sued Over Allowing Some Unauthorized Vapes and Nicotine Pouches to Stay on Market
Public health groups, pediatricians and parents sued the U.S. Food and Drug Administration on July 14, 2026, challenging a May enforcement guidance that they say allows unauthorized e-cigarettes and nicotine pouches to remain on the market while applications are under review.
Jul.15
Data|China’s January-May 2026 Device Exports Rise 13% While Nicotine Product Exports Decline 6.9%
Data|China’s January-May 2026 Device Exports Rise 13% While Nicotine Product Exports Decline 6.9%
According to China Customs export data analyzed by 2Firsts, China’s vape export mix continued to evolve during January-May 2026. Exports of electronic vaporisation devices (HS 85434000) increased 13.00% year on year, supported by growth in both shipment volume and average export prices. Meanwhile, exports of nicotine-containing non-combustible products (HS 24041200) declined 6.89%, with lower shipment volumes partly offset by higher average export prices.
Special Report
Jun.30
Illegal Vape Sellers Still Use TikTok and Other Platforms to Drive Sales Despite Australia’s Ad Ban
Illegal Vape Sellers Still Use TikTok and Other Platforms to Drive Sales Despite Australia’s Ad Ban
Illegal vape sellers are still promoting nicotine products on TikTok, Instagram and YouTube despite Australia’s 2024 advertising ban, while illicit tobacco sales are increasingly moving from physical stores to online marketplaces.
Jul.15