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Key point: Favorable policy signals are fueling a quiet gold rush in Vietnam’s vaping market. Since July 15, 2023, Vietnam Customs has imposed a preferential 50% tax on officially imported vaping products.
Key point: Starting June 1, nicotine alternatives in South Africa, including e-cigarette products, are now subject to an excise tax of ZAR 2.90 (US$0.15) per milliliter, according to the South African Revenue Service.
Key point: The second half of the year is typically peak consumption season for vaping, driven by tourism and major holidays across Europe and the U.S., with demand rising quickly.
Key point: E-liquid has never really been the core market for Chinese companies, so why are so many firms paying attention to the bottled e-liquid segment this year?
Key takeaway: Based on data compiled from Oriental Tobacco News and the World Tobacco Development Report by Heng Bingquan, global e-cigarette sales growth has rebounded, rising 20.0% year on year in 2022 to USD 23.65 billion.
Key takeaway: Recently, after receiving a tip-off, Western Australia’s health authorities seized 15 tons of illegally imported e-cigarettes from a warehouse northeast of Perth, reportedly the largest such case in Australia’s history.
Key takeaway: The Venezuelan government has recently announced a comprehensive ban on the use, manufacture, and import of e-cigarettes. In a statement, the country’s health ministry said it will prohibit the manufacture, storage, and distribution of such
Key takeaway: Quebec, Canada’s most populous province, will soon ban the sale of e-cigarette products in flavors other than tobacco. New provincial health regulations also prohibit bottled e-liquid over 30 ml and certain larger-capacity products.
Key takeaway: On August 10, Silverage Technology responded to investor questions about its e-cigarette business on an interactive platform for listed companies, including progress on its related projects.
Key takeaway: Goldman Sachs’ second-quarter Nicotine Sector Report shows that adult tobacco consumers remain under pressure due to inflation, reduced disposable income, and tighter regulations, while nicotine pouches continue to grow strongly.
Key takeaway: To regulate the local e-cigarette market and crack down on vaping-related violations, the Binyang County Tobacco Monopoly Bureau in Nanning, Guangxi, focused on illegal production and sales of e-cigarettes and uncovered a major case.
Key takeaway: In April this year, after uncovering clues about illegal e-cigarette operations in its jurisdiction, Yuanjiang Public Security Bureau in Hunan quickly organized a special task force to investigate the case.