E-cigarette Export from China to Belgium in September 2023
According to the updated trade data from the General Administration of Customs of the People's Republic of China, 2FIRSTS has compiled the e-cigarette exports to Belgium in September 2023 as follows:
The export value amounted to approximately $8.26 million, marking a month-on-month decrease of 23.91% and a year-on-year decrease of 20.68%.
The export volume is approximately 125 tons, marking a 28.37% decrease compared to the previous period and a 7.27% decrease compared to the same period last year.
The export unit price reached $65.98 per kilogram, registering a sequential increase of 6.22% but a year-on-year decline of 14.46%. The average price of "e-cigarettes and similar personal electronic vaporizers" stood at $4.1 per unit.
Among them, "e-cigarettes and similar personal electronic vaporizing devices" accounted for 0.86% of the export product category, while "non-combustible use products without tobacco or reconstituted tobacco, containing nicotine" accounted for 99.14%.
According to data from Statista, the revenue of the e-cigarette market in Belgium is projected to reach $238.4 million by 2023. The market is expected to grow at an annual rate of 1.84% (compounded annual growth rate from 2023 to 2028). The per capita e-cigarette consumption in Belgium is estimated to be $22.90 in 2023. The e-cigarette market in Belgium is currently experiencing a surge in popularity, with an increasing number of young people choosing e-cigarettes as a trendy alternative to traditional smoking.
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