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Key point: On August 27, Smoore released its second-quarter financial information. The report showed that Smoore’s revenue for the first half of 2023 was RMB 5.123 billion, down 9.4% year-on-year.
Key point: On August 27, Hany Aman, CEO of Eastern Company, Egypt’s largest cigarette manufacturer, said Egyptians consume about 100 billion cigarettes annually.
Key point: On August 27, the Malaysian Vape Chamber of Commerce (MVCC) released the 2023 Malaysia Vaping Industry Study, which shows that as more smokers switch products, the market continues to expand.
Key point: On August 27, a research report from the School of Medical and Life Sciences at Sunway University showed that the vaping rate among Malaysian adolescents rose from 9.8% in 2017.
Key point: On August 27, according to Chinese customs data, China’s vaping exports to the United States totaled USD 1.489 billion in January-June 2023, accounting for 48.20% of last year’s full-year exports and declining year-on-year.
Key point: Just half a year in vaping is enough to make people reflect on the industry’s current state. Whether acknowledged or not, the sector has entered a 'dual-engine era'—deeper penetration in the B2B market while continuing retail expansion.
Key point: On August 27, SKE launched a new product in its CRYSTAL series, the S5000, for the first time in Canada and the United Arab Emirates. Reports noted that SKE had already expanded into multiple overseas markets before this.
Key point: On August 27, Juan Facundo Teme, president of AsoVape Argentina, said that based on currently available official figures, the number of vaping users in Argentina is showing exponential growth.
Key point: 1. Bao’an District in Shenzhen awarded vaping companies that made outstanding contributions in the first half of the year. On August 24, the Bao’an District Bureau of Industry and Information Technology released a notice on the 2023 H1 contribu
Key point: In Owensboro, Kentucky (WFIE), city commissioners are reviewing the city’s smoking ban ordinance, which will be revised before the end of this year to include vaping.
Key point: According to Global Intelligence, the U.S. FDA recently held a listening session to formulate the Center for Tobacco Products’ strategic plan for the next five years, and said it will release the plan by the end of 2023.
Key point: The average export price of vaping products in July was about USD 45.61 per kilogram, down 4.74% month-on-month and 27.37% year-on-year. Since February, export prices have continued to decline, with an average monthly drop of over 4%.