The electronic cigarette industry has made new and rapid developments. The world's tobacco giants have stepped in to e-cigarettes and hope to seize the e-cigarette market. In the future, the proportion of e-cigarettes replacing traditional tobacco will be greater.
In 2010, the global e-cigarette market was only 416 million U.S. dollars. In 2016, the market capacity was expanded to 7.1 billion U.S. dollars. In six years, the market capacity expanded 17 times, and the annual compound growth rate was as high as 60.5%.
As the invention and main place of production of e-cigarettes, 90% of the world's e-cigarettes are produced in Shenzhen. The market of e-cigarettes in China seems to be extremely unclear compared to the world's electronic cigarette market.
In 2016, Chinese electronic cigarette production was 1.21 billion, which valued about 3.2 billion yuan. China has the world’s largest number of smokers—350 million people, but the scale of e-cigarette consumption is still less than one-tenth of the global scale. It is precisely because of this that the Chinese e-cigarette market has the greatest potential for development of global e-cigarettes. Once the penetration rate of Chinese e-cigarettes has risen to the level of European and American markets, then the Chinese e-cigarette market will reach the sum of European and American markets within the next 3-5 years.
Vaping Market is growing in China, it's a good chance to attend the Vape Expo Beijing 2018 gathering more business chance.
Organized by CEQC( China Expo Qucheng), Vape Expo Beijing (shorten as VEB），is the only vape show in the north of China. The exhibition area will reach 11,000 square meters.
If you are interested in Vape Expo Beijing 2018, please contact us by Marketing@cexpoqc.com or Andy@cexppoqc.com
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