UAE vape market grows extremely fast
Driven by major brands and exhibition organizers, the UAE vape market is gaining more and more attention, and market development is imminent.
Looking at customs export data, vape exports to the UAE in the second half of the year grew extremely fast, approaching multiple growth. Especially in October, the vape data exported to the UAE was nearly twice that of Bahrain.
The organizer also shared some information. This is the first vape exhibition in Dubai. The exhibition hall is an independent exhibition hall, covering an area of 8,200 square meters, which is slightly larger than a hall in Shenzhen Convention and Exhibition Center. The volume is very suitable for the rapid growth of the market. Among them, professional buyers are around 2000.
In order to expand the influence of the exhibition and increase the promotion of buyer channels in the Middle East, the organizer WAYJOY opened a trip to the Middle East in mid-November, visited local channels and vape physical stores in the UAE and Bahrain, and professional buyers in the Middle East expressed their views. To support the electronic exhibition in March, we must form a joint effort to achieve the best results, so that exhibitors and channel providers can find relevant resources, so as to effectively play the role of the exhibition platform.
As one of the participants in the trip to the Middle East, after visiting the local channels and vape physical stores in the UAE and Bahrain, the cigarette stick said: In the second half of 2019, the black swan incidents in the vape industry have occurred one after another in the world. This kind of negative news has caused this hot and unusual industry to quickly reach a freezing point; some brands with a single market channel have various problems.
"But the Middle East, a market that everyone feels mysterious, may become one of the future growth points in the current market situation, but the future will only belong to products that are suitable for the local market, and really make local brands with local efforts."
After the publicity campaign for the trip to the Middle East, the organizer WAYJOY said, "The overall market in the Middle East is expected to be between 400 million and 600 million US dollars. Dubai ’s largest local distributor has peak shipments of 5 million US dollars per month, and the physical store has more than 20 issued There are licenses in shopping malls and in Longcheng Electronics Market; more of them are in gray areas. "
"Bahrain currently has more than 60 vape physical stores, and its wholesale business mainly supplies Saudi customers; the Kuwaiti market is also a mature market with a good policy environment. Turkey, Egypt, Iran, Iraq markets also have huge market potential."
The UAE serves as the financial, economic, shipping and air transportation center of the Middle East, and Dubai is the largest commercial port and trade distribution center in the Middle East. Doing well in the UAE market is conducive to developing other countries in the Middle East.