China’s vape exports to the Philippines reached about USD 17.86 million in September, down 0.13% mon

In September, China's exports of e-cigarettes to the Philippines reached approximately USD 17.86 million, a decrease of 0.13% month-on-month, but an increase of 100.88% year-on-year.

According to updated trade data from the General Administration of Customs of the People's Republic of China, the statistics for September 2023 regarding e-cigarette exports to the Philippines are as follows:  

Source: Two Supremes (Chart by Jiang Mingxi)

The export value was approximately USD 17.86 million, down 0.13% month-on-month, but up 100.88% year-on-year.  

Source: Two Supremes (Chart by Jiang Mingxi)  

The export volume was about 409 tons, an increase of 3.09% month-on-month and an increase of 209.08% year-on-year.  

Source: Two Supremes (Chart by Jiang Mingxi)  

The export price was USD 43.65 per kilogram, down 3.13% month-on-month and down 35.01% year-on-year; the average price for "e-cigarettes and similar personal electronic vaporization devices" was USD 5.22 per unit.  

Source: Two Supremes (Chart by Jiang Mingxi)

Among them, "e-cigarettes and similar personal electronic vaporization devices" accounted for 11.83% of the export categories, while "products containing nicotine that are not combustible and do not contain tobacco or reconstituted tobacco" accounted for 88.17%.  

Source: Two Supremes (Chart by Jiang Mingxi)

According to Statista's data forecast, the revenue of the e-cigarette market in the Philippines is expected to reach USD 240 million in 2023; it is projected to grow at an annual rate of 2.53% (CAGR from 2023 to 2028); per capita e-cigarette consumption in the Philippines is estimated to be USD 2.57 in 2023; the popularity of e-cigarettes in the Philippines is increasing year by year, with more and more consumers starting to use e-cigarettes.