Thursday, May 30, 2024

South Korean vape market soars against COVID 19 pandemic


Since the COVID 19 outbreak, the epidemic has had a sever impact on many industries around the world, and the development of the e-cigarette industry has also been in the haze.

90% of the world’s e-cigarettes are produced in China. Due to the blockade and quarantine policies, from late February to early March, many Chinese e-cigarette supply chain enterprises were unable to work normally, and workers were unable to return to work, thus it has led to a worldwide shortage of electronic cigarettes.

In late February, when the epidemic situation in China continued to improve, the epidemic situation in South Korea was in an emergency, and the outbreak growth rate was very fast.

Affected by the epidemic, we thought that the sales volume of the South Korean e-cigarette market would decline severely, but strangely, the South Korean e-cigarette market not only did not decline, but rose sharply!

According to the Tobacco Online report, the actual sales statistics from Korean convenience stores show that as of the end of February, the market share of e-cigarettes in the Korean tobacco retail industry reached 13.1%, and tobacco industry officials commented, “This is the highest record ever. “.

The official said, “Due to the spread of the new coronavirus infection, the increase in indoor smoking has led to an increase in e-cigarette sales. Because of the cold winter, e-cigarette sales have shown an increasing trend, but February sales compared with January increased sharply this year, which It’s a very rare thing. ”

The Korean tobacco industry predicts that the share of e-cigarettes will continue to increase in the future. The spread of cognition that “e-cigarettes are less harmful than ordinary cigarettes”, the advantages of not emitting odors, and the reduction of smoking places all boost the demand for e-cigarettes.

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