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The top vape manufacturer, VPFIT calculate the export data of China vapes to the UK in September 2023. The data is base on the trade data updated by the General Administration of Customs of the People’s Republic of China. Details as follows:
|Commodity Name||Electronic cigarettes and similar personal electric vaporizing devices||Products containing nicotine, intended for inhalation without combustion|
|Unit of Measurement(number of item)||1,943,944.00||–|
|Unit of Measurement(Ton)||143.20||2,739.30|
The total export value of Chinese vape to the UK was approximately US$115 million in September 2023. The value of these vapes from China increased by 11.79% month-on-month and 6.71% year-on-year.
The export volume to the UK was approximately 2,883 tons, a month-on-month increase of 10.30%, and a year-on-year increase of 36.47%.
Moreover, the export unit price in September was US$39.9/kg, a month-on-month increase of 1.35% and a year-on-year decrease of 21.80%. What’s more, the average price of “e-cigarettes and similar personal atomization equipment” was US$5.91/unit.
Among them, “e-cigarettes and similar personal vaping devices” accounted for 10% of the export categories. While “non-combusted smoking products that do not contain tobacco or reconstituted tobacco and contain nicotine” accounted for 90%.
According to Statista data, the UK vape market is expected to generate revenue of US$3.9 billion by 2023. In addition, the annual growth rate is expected to be 2.45% (compound annual growth rate from 2023 to 2028). To the vape manufacturers and vape brands from China, this is a huge beneficial opportunity. Chinese manufacturers should seize the opportunity and explore the British market.
What’s more, considering the population, the vape per capita consumption will reach US$64.59 in 2023. The popularity of vapes in the UK has increased significantly, with more and more people switching from traditional cigarettes to e-cigarettes.