China's vaping exports to Hungary reach about $8.85 million in September, up 46.88% month on month

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In September, China's exports of vaping devices to Hungary reached approximately $8.85 million, a month-on-month increase of 46.88% and a year-on-year increase of 166.48%.<\/p>

According to updated trade data from the General Administration of Customs of the People's Republic of China, the statistics for September 2023 regarding China's exports of vaping devices to Hungary are as follows: <\/p>

 Source: Two Supremes (Chart by Jiang Mingxi)<\/p>

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The export value was approximately $8.85 million, with a month-on-month increase of 46.88% and a year-on-year increase of 166.48%.<\/p>

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 Source: Two Supremes (Chart by Jiang Mingxi)<\/p>

Export volume was approximately 177 tons, with a month-on-month increase of 35.76% and a year-on-year increase of 673.49%.<\/p>

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 Source: Two Supremes (Chart by Jiang Mingxi)<\/p>

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The export price was $49.97 per kilogram, a month-on-month decrease of 8.20% and a year-on-year decrease of 65.55%; the average price for “vaping devices and similar personal electronic vaporization devices” was $53.96 per unit.<\/p>

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 Source: Two Supremes (Chart by Jiang Mingxi)<\/p>

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Among them, “vaping devices and similar personal electronic vaporization devices” accounted for 1.22% of the export categories, while “products that do not contain tobacco or reconstituted tobacco and are non-combustible nicotine products” accounted for 98.78%.<\/p>

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Source: Two Supremes (Chart by Jiang Mingxi)<\/p>

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According to Statista's data, it is predicted that the revenue of the vaping market in Hungary will reach $97.6 million by 2023; the market is expected to have an annual growth rate of 3.88% (CAGR from 2023 to 2028); Hungary's per capita vaping consumption in 2023 is expected to be $10.64; despite the increasing popularity of vaping globally, the market for these products in Hungary remains relatively small and underdeveloped.<\/strong><\/p>