Rapid Growth in China's E-cigarette Exports to Spain in September 2023

Industry Insight by 2FIRSTS.ai
Nov.13.2023
Rapid Growth in China's E-cigarette Exports to Spain in September 2023
China's e-cigarette exports to Spain in September 2023 reached $8.6 million, with a year-on-year increase of 11.23%.

According to the latest trade data released by the General Administration of Customs of the People's Republic of China, 2FIRSTS has compiled the e-cigarette statistics for China's exports to Spain in September 2023. The details are as follows:

Rapid Growth in China's E-cigarette Exports to Spain in September 2023
Image source: 2FIRSTS (Map by Mincy)

 

Exports amounted to approximately $8.6 million, showing a 6.25% increase compared to the previous period, and an 11.23% increase year-on-year.

Rapid Growth in China's E-cigarette Exports to Spain in September 2023
Source: 2FIRSTS (Mincy Diagram)

 

The export volume reached approximately 217 tons, showing a monthly increase of 17.43% and a year-on-year growth of 85.22%.

Rapid Growth in China's E-cigarette Exports to Spain in September 2023
Image source: 2FIRSTS (created by Mincy)

 

The average export unit price is $39.50 per kilogram, reflecting a decrease of 9.52% compared to the previous period and a decline of 39.95% compared to the same period last year. The average price of "e-cigarettes and similar personal electronic vaporizers" is $8.59 per unit.

Rapid Growth in China's E-cigarette Exports to Spain in September 2023
Image source: 2FIRSTS (Mincy Graphics)

 

Among them, "e-cigarettes and similar personal electronic vaporizers" account for 13.39% of the export product category, while "non-combustible products without tobacco or reconstituted tobacco, containing nicotine for inhalation" account for 86.61%.

Rapid Growth in China's E-cigarette Exports to Spain in September 2023
Source of the picture: 2FIRSTS (Mincy diagram)

 

According to data from Statista, the revenue of the e-cigarette market in Spain is projected to reach $194.2 million by 2023. The market is expected to have a compound annual growth rate of 2.21% between 2023 and 2028. When calculated per capita, it is estimated that the average e-cigarette consumption in Spain will be $4.49 in 2023. In recent years, the popularity of e-cigarettes has surged in Spain, with more and more Spaniards turning to e-cigarettes as an alternative to traditional tobacco products.

 

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