China’s E-Cigarette Exports to the Netherlands Surge in October 2023

According to the latest trade data released by the General Administration of Customs of the People’s Republic of China, the electronic cigarette exports to the Netherlands in October 2023 witnessed significant growth. Here are the specifics:

– The export value reached approximately $35.88 million, marking a month-on-month increase of 0.45% and a year-on-year surge of 42.18%.

– The export volume was around 993 tons, exhibiting a month-on-month growth of 1.02% and a remarkable year-on-year increase of 137.28%.

– The export unit price stood at $36.15 per kilogram, experiencing a month-on-month decrease of 0.57% and a year-on-year decline of 40.08%. The average price for “electronic cigarettes and similar personal electronic vaporizing devices” was $8.76 per unit.

In terms of product categories, “electronic cigarettes and similar personal electronic vaporizing devices” accounted for 5.54% of the total export, while “non-tobacco or reconstituted tobacco, nicotine-containing non-combustible products” dominated the market share at 94.46%.

Additionally, Statista’s data forecasts indicate a robust outlook for the electronic cigarette market in the Netherlands:

– The projected revenue for the Dutch e-cigarette market in 2023 is expected to reach $325.6 million.

– The estimated annual market growth rate is anticipated to hit 3.66% (Compound Annual Growth Rate, 2023-2028).

– Per capita electronic cigarette consumption is predicted to reach $20.61.

China’s burgeoning exports and the forecasted growth in the Dutch market underscore the global trajectory of the electronic cigarette industry. The data also reflects evolving consumer preferences and the expanding market share of these products in international trade.