In September 2023, China exported electronic cigarettes to the hilippines with a value of approximately17.86million.Thisrepresentsa.1343.65 per kilogram, which experienced a 3.13% monthly decrease anda substantial decline of 35.01% compared to the same period last year. The average price for “electroniccigarettes and similar personal electronic atomization devices” was $5.22 per unit.
Among the exported product categories, “electronic cigarettes and similar personal electronic atomizationdevices” accounted for 11.83%, while “non-combustible nicotine-containing products excluding tobacco ortobacco substitutes” accounted for 88.17% of the total exports.According to Statista’s data forecast, the revenue of the Philippine electronic cigarette market is expected to reach 240million in 2023.It is projected to have acompound annual growth rate (CAGR) of 2.53. The popularity of electronic cigarettes in the Philippines has been increasing year by year, with more and moreconsumers adopting these products.
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