2020 The Fourth International E-cigarette Industry Summit Forum is held yesterday and 2020 Global Electronic Cigarette Industry Report is also released in the summit forum.
Ao Weinuo, secretary general of the Electronic Cigarette Industry Committee of the China Electronics Chamber of Commerce, released the “2020 Global Electronic Cigarette Industry Report” at the meeting. According to the report, the estimated retail sales of electronic cigarettes worldwide in 2020 is 36.3 billion U.S. dollars, which is a 10% increase compared with the global retail sales of 33 billion U.S. dollars in 2019. In 2020, China’s e-cigarette exports are estimated to be 49.4 billion yuan (7.559 billion US dollars), compared with 43.8 billion yuan in 2019, China’s exports increased by 12.8%. China’s domestic retail sales are estimated at RMB 14.5 billion, a year-on-year increase of RMB 11.2 billion, an increase of 30%. Currently, the top six countries in the e-cigarette market are the United States, the United Kingdom, Russia, China, France and Germany. Among them, Eastern Europe, Central Asia, the Middle East, and South America are new growth areas for the e-cigarette market. This year, due to the global epidemic, China’s e-liquid has achieved substantial growth year-on-year. It has achieved all-round improvements in technology, equipment, production standards, raw materials, quality, and taste. It has been recognized by global users and established a good word of mouth for manufacturing in China.
The Electronic Cigarette Industry Committee of the China Electronics Chamber of Commerce has conducted a forecast analysis of the global e-cigarette retail sales in the next five years. In 2021, the estimated export value is 63.2 billion yuan, and the China domestic sales is 18.5 billion yuan. The export and China domestic sales are expected to increase by 28% each year. Exports in 2025 amount is expected to reach 169.7 billion yuan, with China domestic sales reaching 49.8 billion yuan. As the earliest birthplace and largest producer of e-cigarettes in China, China’s e-cigarettes are not only new kinetic energy and “engines” for promoting social and economic development, stabilizing employment, and earning foreign exchange through exports, but also a business card of China’s electronic information manufacturing industry that is internationally renowned.