Is China’s vaping industry gearing up for growth?
Despite the seemingly low market penetration, vaping companies are confident of its huge growth potential. China already owns hundreds of domestic vaping brands, with RELX and Moti leading the industry. The southern city of Shenzhen is said to have nearly a thousand vape shops and manufacturers.
Where are China’s vape shops and manufacturers?
The southern city of Shenzhen is said to have nearly a thousand vape shops and manufacturers. Last week, U.S.-based vaping giant, Juul Labs, entered China with online stores, trying to grab a share in the overseas battlefield, while facing increasing scrutiny and regulatory hurdles at home.
Is there an epidemic of youth vaping in China?
The epidemic of youth vaping is not just in America. In China, the vaping rate among young people was higher than other age groups, with those aged 15 to 24 the highest, according to a report published by CDC. Last year, the Chinese government banned the sale of e-cigarettes to teenagers.
Is China’s e-cigarette market growing?
Although the rate of vaping among Chinese people was relatively low in 2018, it is already double that of 2015. The Chinese e-cigarette market ranked 10th globally in terms of size in 2016. Despite the seemingly low market penetration, vaping companies are confident of its huge growth potential.
Does China allow vaping?
April 8, 2022 – the State Administration for Market Regulation (SAMR) approved the “Electronic Cigarette” Mandatory National Standards, numbered GB 41700-2022, which among other requirements ban the sale of vapes of any flavor other than tobacco.
What is the future of vaping?
The global e-cigarette and vape market size was valued at USD 18.13 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 30.0% from 2022 to 2030....Report AttributeDetailsRevenue forecast in 2030USD 182.84 billionGrowth rateCAGR of 30.0% from 2022 to 2030Base year for estimation202111 more rows
Are nicotine vapes legal in China?
China has joined a handful of countries in banning flavored vapes to combat underage use of nicotine. Starting October 1, e-cigarette companies are only allowed to sell tobacco-flavored vapes in the country, an effort by the government to “standardize” the production, sales and consumption of the novel tobacco product.
Who is the leading electronic atomizer company in China?
FirstUnion Group was founded in 2004 and is one of the world's largest Electronic cigarette manufacturers. headquartered of Firstunion was located in Shenzhen, Guangdong province, China.
Do people still vape in 2022?
More than 2.5 million adolescents are current e-cigarette users in 2022, with the majority choosing flavored, disposable products, according to a government study released Thursday that officials said showed youth vaping remains a serious public health problem.
What happens if you vape for a year?
Breathing in the harmful chemicals from vaping products can cause irreversible (cannot be cured) lung damage, lung disease and, in some cases, death. Some chemicals in vaping products can also cause cardiovascular disease and biological changes that are associated with cancer development.
Is it better to vape or smoke?
1: Vaping is less harmful than smoking, but it's still not safe. E-cigarettes heat nicotine (extracted from tobacco), flavorings and other chemicals to create an aerosol that you inhale. Regular tobacco cigarettes contain 7,000 chemicals, many of which are toxic.
How old do you have to be to vape in China?
Sales Restrictions The sale of tobacco products is prohibited to persons under the age of 18.
Is vaping legal in Japan?
In Japan, e-cigarettes containing nicotine were evaluated by the Ministry of Health, Labour and Welfare, and the sale of these e-cigarettes has been prohibited by the Pharmaceutical Affairs Law since 2010.
Who owns RELX vape?
Kate WangKate Wang (Chinese: 汪莹; pinyin: Wāng Yíng) is a Chinese billionaire businesswoman. She is the founder of a Chinese vaping company RLX Technology.
What is the long-term effect of vaping?
These risks include nicotine addiction, mood disorders, and permanent lowering of impulse control. Nicotine also changes the way synapses are formed, which can harm the parts of the brain that control attention and learning.
Is vaping worse than smoking?
1: Vaping is less harmful than smoking, but it's still not safe. E-cigarettes heat nicotine (extracted from tobacco), flavorings and other chemicals to create an aerosol that you inhale. Regular tobacco cigarettes contain 7,000 chemicals, many of which are toxic.
How long does it take for vaping to cause permanent damage?
Exposure for just three days was enough to incur sufficient damage to their lungs, setting the stage for long-term chronic lung damage.
What are 5 risks of vaping?
Vaping has been linked to lung injury.Rapid onset of coughing.Breathing difficulties.Weight loss.Nausea and vomiting.Diarrhea.
License
The most important aspect of this legalization of Chinese vaping is the arrival of a license for vaping. Any company, which wants to manufacture or sell vaping products in China, will need to obtain a license. The price of this license is unknown, but it will ensure that companies will be held to account if they do nasty things.
Big vape behemoths
The Chinese electronic cigarette market remains small at around 5.5 billion yuan, or 858 million of dollars, and ancillary products represent 70% of this market. This includes heated tobacco, chews, etc. But the Chinese market remains huge, with an estimated 10 million vapers in China compared to 8 million in the United States.
E-liquids limited to 20 mg
In addition to the safety of vaping devices, this legalization of Chinese vaping also implies increased standards on Chinese e-liquids. Brands like Hangsen, Hiliq and others will be forced to standardize their production. Since 2019, China has been thinking of limiting the level of nicotine to 20 mg as in Europe.
An increase in the price of the vape to come
As I said in my book, The Inconvenient Vaping, 99% of the vape is made in China. The price of the license, the taxes that will inevitably apply, necessarily implies an increase in the prices of vaping products. This increase will be 10 to 20% depending on how the Chinese government will tax this sector.
Who owns the e-cigarette?
They’re owned by Altria, which was formerly Phillip Morris. While 80% of e-cig brands continue to be independently owned, the tobacco industry is gaining a strong foothold. Tobacco companies are even going so far as to fund research.
Who owns Blu vape pods?
For instance, Blu, the new line of USB-sized vape pods, is actually owned by Imperial Tobacco. R.J. Reynolds bought the brand from Lorillard, the oldest tobacco company in America, which originally purchased it for $135 million. Likewise, Vype, the British vaporizer company with a variety of sleek, high-powered vape pens, is owned by none other than BAT, British American Tobacco . Ever heard of the e-cigarette brand MarkTen? You guessed it. They’re owned by Altria, which was formerly Phillip Morris. While 80% of e-cig brands continue to be independently owned, the tobacco industry is gaining a strong foothold.
Why do Tobacco Companies Want Influence on the E-Cigarette Market?
Global e-cigarette sales amount to about $5 billion per year, and they’re expected to grow 24% in the year 2019 alone. Compared to $92 million in cigarette sales, that’s enormous.
Is cigarette smoke advertised in the news?
Cigarettes aren’t advertised in the news. The government runs commercials and advertisements, but who knows the tobacco industry better than the tobacco industry itself. Though they lied to us and misled us for years, they know what cigarette smoke will do to your lungs.
Is vape mod safe?
It’s the only safe product to date that serves as a viable alternative for desperate smokers. The first signs of the change were subtle. Tobacco companies began to encourage e-cigarette brands selling vape mods and box mods claiming that they wanted a smoke-free world.
Is it safe to smoke an e-cigarette?
The electronic cigarette is the first product to really challenge the tobacco industry. It’s the only safe product to date that serves as a viable alternative for desperate smokers.
Will Vaping Really Be the Next Big Industry?
Vaporizers might become just another product sold at pharmacies and convenience stores. If big tobacco industries pull their weight though, there’s no telling what could happen. The vaping market today is dominated by Chinese-based companies that churn out devices at a mile a minute with rock-bottom prices. With a bit of money though, there’s no telling where the industry could go. Smartphone vaporizers anyone?