China's e-cigarette exports to South Korea reached about $69.27 million in October, up 15.87% month

In October, China's exports of e-cigarettes to South Korea reached approximately $69.27 million, an increase of 15.87% month-on-month and 5.76% year-on-year.

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

  Source: Two Supremes (Chart by Jiang Mingxi)

The export value was approximately $69.27 million, with a month-on-month increase of 15.87% and a year-on-year increase of 5.76%.

 Source: Two Supremes (Chart by Jiang Mingxi)

The export volume was approximately 3,296 tons, with a month-on-month increase of 27.41% and a year-on-year increase of 104.08%.

 Source: Two Supremes (Chart by Jiang Mingxi)

The export price was $21.02 per kilogram, a decrease of 9.06% month-on-month and a decrease of 48.18% year-on-year; the average price for "e-cigarettes and similar personal electronic vaporization devices" was $3 per unit.

 Source: Two Supremes (Chart by Jiang Mingxi)

Among these, "e-cigarettes and similar personal electronic vaporization devices" accounted for 10.09% of the export categories, while "products that do not contain tobacco or reconstituted tobacco and are non-combustible nicotine products" accounted for 89.91%.

 Source: Two Supremes (Chart by Jiang Mingxi)

Additionally, according to Statista's data forecast, in 2023, South Korea's e-cigarette market revenue is expected to reach $60.5 million; the market's annual growth rate is projected to be 2.43% (compound annual growth rate from 2023 to 2028); the per capita e-cigarette consumption in South Korea in 2023 is estimated to be $1.26; the South Korean e-cigarette market is growing rapidly, with various flavors and stylish designs catering to tech-savvy consumers.