China’s E-cigarette Export to Ireland Soars in September 2023
According to the latest trade data released by the General Administration of Customs of the People’s Republic of China, the export of e-cigarettes from China to Ireland saw a significant surge in September 2023. 2FIRSTS, a leading market research firm, has compiled the data, revealing some interesting trends.
In terms of value, the e-cigarette exports from China to Ireland reached approximately $6.88 million in September 2023. This represents a remarkable sequential growth of 75.29% compared to the previous period and a year-on-year increase of 13.30%. The figures indicate the growing demand for e-cigarettes in the Irish market.
The export volume of e-cigarettes also witnessed a substantial increase. In September 2023, approximately 193 tons of e-cigarettes were exported from China to Ireland, showing a month-on-month increase of 88.20% and a year-on-year increase of 70.86%. These numbers highlight the rising popularity of e-cigarettes among Irish consumers.
However, it is worth noting that the export unit price experienced a decline. Compared to the previous period, the unit price dropped by 6.86%, and on a year-on-year basis, it decreased by 33.69%. The average price per kilogram of e-cigarettes stood at $35.58. Meanwhile, the average price per unit of “e-cigarettes and similar personal electronic vaporizers” was $7.95.
When it comes to product categorization, “e-cigarettes and similar personal electronic vaporizers” accounted for 4.82% of the export category, while “products that do not contain tobacco or reconstituted tobacco but contain nicotine and are not consumed by combustion” made up the majority, at 95.18%.
These statistics align with the predicted growth of the e-cigarette market in Ireland. According to data from Statista, the revenue of the e-cigarette market in Ireland is projected to reach $118 million by 2023, with an estimated compound annual growth rate of 3.61% from 2023 to 2028. On a per capita basis, the average e-cigarette consumption in Ireland is expected to be $26.9 in 2023. These figures indicate the increasing popularity and adoption of e-cigarettes among Irish consumers.
In conclusion, the export of e-cigarettes from China to Ireland witnessed a significant surge in September 2023, with both value and volume experiencing substantial growth. As the e-cigarette market in Ireland continues to expand, it presents lucrative opportunities for manufacturers and suppliers in China.