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British electronic cigarette industry: 2021 output value of 2.8 billion pounds, bringing 18,000 jobs

British electronic cigarette industry: 2021 output value of 2.8 billion pounds, bringing 18,000 jobs

2022-12-10

According to a new report written by the Economic and Commercial Research Center (CEBR) on behalf of the British Electronic Cigarette Industry Association (UKVIA), the electronic cigarette industry has a considerable positive impact on the British economy.


In 2021, the British electronic cigarette industry was worth 2.8 billion pounds (US $ 3.36 billion), and provided nearly 18,000 jobs in the retail, manufacturing and supply chain field. More importantly, according to the report, smokers gave up cigarettes and chose electronic cigarettes that are smaller. In 2019, it saved more than 300 million pounds for the British National Health Service (NHS).


Although many companies have suffered losses in recent years, electronic cigarette retail stores have moved against the trend and become one of the fastest growing industries in the first decade after the 21st century.


From 2017 to 2021, the British electronic cigarette industry's turnover increased by 23.4%only last year to 1.33 billion pounds. If the indirect economic benefits of the supply chain support and the consumption capacity of the e -cigarette industry, the economic impact will be more than doubled.


In 2021, the electronic cigarette industry paid 310 million pounds of taxes to the British Ministry of Finance.


CEBR estimates that in 2019, the electronic cigarette industry saved the British medical costs related to smoking related to smoking. It is estimated that the economic productivity growth brought by the use of electronic smoke products in 2019 has reached 1.3 billion pounds. According to this study, if 50%of the remaining British smokers turn to electronic cigarettes, this will increase to 3.33 billion pounds,


Ukvia Director -General John Dunne said that in just over ten years, British electronic cigarettes have developed from a "family hand industry" to one of the fastest -growing industries, not only in the retail industry, but also in the entire economy. in this way.


CEBR economic consultant Owen Good said: "The results of the first economic impact report of the electronic cigarette industry show that it has achieved great success as a rapidly growing subversive industry."


"In recent years, although many high -street retailers have encountered difficulties, the electronic smoke industry has risen against the trend, and has achieved significant growth in physical stores and the Internet. Essence


"There are more people who smoke electronic cigarettes than ever. From all aspects, this is a real British success story. It has created employment and wealth. It has created valuable income for the government through taxation. Turn to pumping electronic cigarettes, saving more than 300 million pounds for NHS each year. "


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