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The global e-cigarette market will exceed $108 billion in 2022

The global e-cigarette market will exceed $108 billion in 2022

2022-06-20

The "2022 Electronic Cigarette Industry Export Blue Book" jointly produced by the Electronic Cigarette Professional Committee of the China Electronic Chamber of Commerce and Shenzhen Two Supreme Technology Co., Ltd. shows that my country's total electronic cigarette exports will reach 186.7 billion yuan in 2022, a year-on-year increase of 35%.


In addition, overseas is still the main market for electronic cigarettes, and the scale will exceed 100 billion US dollars. The global e-cigarette market has maintained rapid growth and is expected to exceed US$108 billion with a growth rate of 35% in 2022.


At present, there are more than 1,500 electronic cigarette manufacturing and brand enterprises, and more than 70% of the enterprises mainly export their products overseas. There are nearly 100,000 e-cigarette supply chain and surrounding service companies.


In terms of patents, domestic e-cigarette patents are mainly concentrated in the field of liquid e-cigarettes.


During the ten years from 2012 to 2021, the total number of domestic patent applications was 28,838, of which liquid electronic cigarette patents accounted for 93.0%, with a total of 25,954. Electronic cigarette patent applications have emerged in the past three years.


In the past three years, the number of patent applications per year has been more than 5,000; since the fourth quarter of 2021, the number of patent applications has increased every month. The total number of patent applications in 2022 is expected to exceed 7,000.


The main consumer market of electronic cigarettes is concentrated overseas, but the production end is concentrated in Bao'an, Shenzhen, and an industrial cluster has been formed.


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