as a senior oversea seller, Ricky Chao deals electronic cigarette business since from 2013.
In 2021, the domestic market scale (retail) of e-cigarettes is expected to be 19.7 billion yuan, with a year-on-year increase of 36%; The global market scale (retail) is expected to be US $80 billion, with a year-on-year increase of 120% and a three-year compound growth rate of 35%. This year, China's total export of e-cigarettes reached 138.3 billion yuan, a year-on-year increase of 180%; The country with the largest exports is the United States, accounting for more than half, followed by the European Union and Russia.
Market research institutions predict that the global e-cigarette market will grow at an annual rate of 17%, with a total growth of more than 29 billion US dollars in five years. By 2024, the maximum can be converted into a market of about $55 billion.
from the date, we believe that e cigarette is still "growing".
the report is from chinairn by Ricky from www.msvap.com, guangdong myshine technology Co.,Ltd.