2021 5th International Electronic Cigarette Industry Summit Forum was successfully held

On December 17, the "2021 Fifth International Electronic Cigarette Industry Summit Forum", guided by the China Electronics Chamber of Commerce and hosted by the Electronic Cigarette Industry Committee of the China Electronics Chamber of Commerce, was successfully held in Shenzhen

In response to the future development of e-cigarette exports, Peng Lihui, secretary-general of the China Electronic Chamber of Commerce, believes that the new regulations reserve flexible space for e-cigarette exports. The consumer market for e-cigarettes is mainly international, especially European and American countries. my country has a complete e-cigarette supply chain and the most patented technologies. We should actively participate in the formulation of high-standard international economic and trade rules and make better use of market pricing power in safety technology, production, sales, patents, testing and certification, etc. On the one hand, it is necessary to connect with the international community, give full play to the dominance of China's industrial advantages and the right to speak in international trade.

In terms of market size, in 2021, the estimated retail sales of global electronic atomized cigarettes will reach 80 billion U.S. dollars, an increase of 120% year-on-year, and it is expected to maintain a 35% growth rate in the next three years; domestic retail sales are estimated at 19.7 billion yuan in 2021. A year-on-year increase of 36%.

In terms of exports, China’s e-cigarette industry exported about 138.3 billion yuan in 2021, an increase of 180% year-on-year; the top four destination countries or regions for export value were the United States, the European Union, Russia, and the United Kingdom, accounting for 53%, 15%, 9%, 7%.