China's vape sales surge by 175% in 2019 to 11 billion yuan

News on December 18th, the 2019 International vape Summit Forum hosted by the vape Industry Committee of the China Electronic Chamber of Commerce was held today. The summit mainly discussed the improvement of the vape standard system construction and the future development trend of the vape industry. World famous doctor of cardiology and vape research expert, executive director of American vape Technology Association, chairman of British vape Association board, president and founder of German vape association, president of Korean vape association and other foreign e -cigarette related research experts and agency representatives also attended the meeting.

At the meeting, Ao Weinuo, Secretary General of the vape Industry Committee of the China Electronic Chamber of Commerce, reported on the global vape industry summary in 2019 and the work plan in 2020.

In 2019, the global steam atomized vape market sales totaled US $ 33 billion, a year-on-year increase of 106.25%, which is 14 times the industry development in 2012.

Ao Weinuo, Secretary-General of the vape Industry Committee of the China Electronic Chamber of Commerce, stated in the work report that the market size of China's vape industry in 2019 was 7.87 billion U.S. dollars, of which export sales were 6.26 billion U.S. dollars. In retail terminals around the world, most commodities Sales will be expanded four or five times. It can be said that more than 90% of vape products worldwide originate in China. In terms of production and technology, China has a clear global advantage, especially Shenzhen's more than 100 supply chains, making China an vape and e-liquid manufacturing center for the global industry.

Data from the vape industry committee of the China Electronic Chamber of Commerce shows that as of November 2019, there were 28,642 vape patents worldwide, an increase of 2663 over last year, of which 2,506 were in China, accounting for 87.3%. In China, there are more than 51 high-tech enterprises in the vape country, and more than 2,000 newly registered affiliated companies in the industrial and commercial system throughout the year, directly creating more than 500,000 jobs, indirectly driving employment to more than 2 million, and exporting countries exceeding 132.

In the more than ten years since the birth of the vape industry, it can be seen from the independent pricing power, the agglomeration effect of the entire industry chain, and the high-density market distribution that China's vape manufacturing industry has an absolute "dominance" in the global market growth Right "and" right to speak. "

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