Since the on-line sales ban was issued and offline and simultaneous regulation began, the entire e-cigarette industry can be described as a “dead silence”, with big brands struggling to find other points of developing; small brands’ internal layoffs and factory orders are increasingly falling.
Various offline e-cigarette forums and e-cigarette conferences have become popular platforms for e-cigarette practitioners.
he 2019 E-Cigarette Summit Forum was held on December 18, 2019. The theme “Public Health and Safety, Standardized Development and Regulation” showed the development trend of the e-cigarette industry at home and abroad. Many e-cigarette practitioners gathered to discuss the future development trend of the e-cigarette market.
Compared with previous years, this summit forum is very “international”, and invited world-famous medical scientists Konstantions Farsalinos, MD, MPH, Tony of the United States VTA, Chairman of the United Kingdom, and e-cigarette associations of the United Kingdom. It is not difficult to see from the invited guests from various countries that the e-cigarette industry has attracted much attention. The domestic e-cigarette market will soon begin to develop in a regulated way, and the foreign e-cigarette market will also be firmly targeted.
After the entire forum message was received, the editor sorted out some key points, and here I will share with you.
China’s e-cigarette exports in 2019 were US $ 6.26 billion, a year-on-year increase of 52.6%; domestic sales reached US $ 1.61 billion, an increase of 175% year-on-year.
The emergence of e-cigarette online bans has led to a cliff-like decline in the domestic e-cigarette industry. People from all walks of life, the media, and consumers are more concerned about the development of the e-cigarette market. If the e-cigarette industry is carefully analyzed, the core issues are actually around the impact of e-cigarettes on human health and the regulatory issues of the e-cigarette market. This question also concerns how far the e-cigarette industry can go in the future and how much it can develop in the future. As an e-cigarette practitioner, you should not just make money. Consumers’ popularity and education are also important.
Liu Yufeng, the full-time vice chairman of the China Electronics Chamber of Commerce, conveyed a point to everyone: as the development of electronic cigarettes, the next blue ocean is abroad. E-cigarette going overseas is an unlimited business opportunity in the eyes of many companies, and it is a good way to avoid policy and regulatory risks. But e-cigarettes going international is not as simple as imagined. The author has classified two points here. One is the overseas market country. How competitive is it? Second, how difficult is it to enter foreign markets? The difficulty of entry covers factors such as policy regulation, customs supervision, tax costs, and risk control costs in various countries. In the context of tobacco companies actively developing new types of tobacco and investing large sums of money in overseas markets, it is necessary to choose professional and formal e-cigarette global supply chain service providers.
And countries have very different management systems, cultural traditions, customs, production environments, consumer markets, etc. There are also differences in the health, safety, standards and supervision of e-cigarettes. Chairman of China Electronic Chamber of Commerce Ou Junbiao told us: The Chamber of Commerce will continue to popularize the correct knowledge of e-cigarettes, take the protection of minors as its responsibility, and focus its work in 2020 on e-cigarette inspection and speak with data. It will also actively lead members to continuously expand foreign cooperation, continue to improve the level of internationalization, and help member companies to achieve the development of a global economy.
The entire scope of this e-cigarette summit forum is centered on the market development, rules and policy interpretation of each country. Each country wants to “introduce in and go out.” Foreign trade development has always been the focus of economic development in all countries. For China, China is a large producer of e-cigarettes. After the domestic online ban was introduced, the foreign market naturally became another outlet for many e-cigarette companies. The “sea” of the domestic market is very blue, but not wide. The international “sea” is wide, but it is full of many unknowns and challenges, and the crisis coexists.
E-cigarettes going global involves not only logistics and transportation, but also warehousing, customs and taxation. There are many loopholes, and there are many “pits” to step on.
Anyway, choosing a quality supply chain service provider is the top priority.
That’s all about the e-cigarette forum in Shenzhen, China.