WARNING: This product contains nicotine, nicotine is an addictive chemical.
Only for audlts, anyone below the age of 21 is prohibited from buying e-cigarette.
The China Customs has released the main trade data in August. The top vape manufacturer from China, VPFIT analysis the data of China vape exports to Indonesia in August 2023. Details as follows:
|Commodity Name||Export Value(USD)||Unit of measurement(unit)||Average Price(USD/unit)||Unit of measurement(ton)||Average Price(USD/kg)|
|Vapes and similar personal vaporizing devices||5,674,986.00||728,243.00||7.79||75.96||74.71|
|Vapes containing nicotine, intended for inhalation without combustion||1,753,477.00||–||–||36.83||47.61|
The total export value of vapes from China to Indonesia is approximately US$7.43 million in August 2023. It is a month-on-month increase of 20.14% and a year-on-year increase of 5.42%.
In addition, in August, the export volume of China vape to Indonesia is 112,792 kilograms, approximately 113 tons. The export volume gets a 33.97 month-on-month increase, and a 22.97% year-on-year increase.
Moreover, the export data shows the China vape export unit price to Indonesia is dropping in the last two months. Specifically, the export unit price of Chinese vape to Indonesia is US$65.86/kg in August. That’s a down of 10.32% month-on-month and 14.27% year-on-year. Among them, the average price of “vapes and similar personal vaping devices” is US$7.19 per unit.
According to data from Statista, the revenue of Indonesia’s vape market will reach US$400 million in 2023. In addition, the market’s annual growth rate is expected to be 2.77% (compound annual growth rate from 2023 to 2028).
In terms of per capita consumption of vape devices, it is expected that it will reach US$1.77 in 2023 in Indonesia. The vape market in Indonesia is growing rapidly due to a young population, increasing disposable income.
The vape manufacturers from China should take this opportunity to dig the vape market in Indonesia.
In addition, Chinese vape practitioners should also pay attention that Indonesia vape industry is growing rapidly in the last few years. Indonesia has become the second largest vape import source country of USA. They are catching up China vapes.