According to TikTok platform data statistics, The number of videos played overseas by searching for HQD related brand keywords has exceeded 0.66 billion times!!
Since 2018, HQD electronic cigarette brand has taken the international overseas market as the key development direction, went abroad and took the European and American markets as the breakthrough point, which has now covered most overseas countries and regions; from 18 to 50 years old, HQD fashion electronic cigarette brand is the most popular among young people and is growing in multiples.
In 2020, China‘s domestic electronic cigarette market has quietly grown into the world‘s third largest market. As the world‘s largest producer and exporter of electronic cigarettes; Electronic cigarette exporter of China‘s production has reached 132 countries around the world, it is the core driving place of the global electronic cigarette industry.
HQD takes Europe and America as its main export market, among which Europe, America, Southeast Asia and so on are the largest consumer regions, accounting for about 80% of the global HQD brands;
What challenges will HQD face when the new journey starts in 2021? Can we still innovate and change and create more glory? Judging from the developing situation of the industry of electronic cigarette in previous years, the electronic cigarette industry is still in the life cycle of growth period, and the electronic cigarette industry will still maintain a rising growth rate in 2021, the industry volume and market scale will be upgraded to a new level.
Electronic Cigarette Industry data analysis
China‘s electronic cigarette exporter in 2020 is estimated to be 49.4 billion yuan (US $7.559 billion), compared with 43.8 billion yuan in 2019, China‘s exports increased by 12.8%.
In 2020, due to the impact of the epidemic and the tightening of PMTA policy in the United States, the largest e-cigarette exporter, China‘s export growth in 2020 was significantly lower than that in China‘s domestic market.
However, even under the background of unfavorable environment, overseas exports still maintain a rising momentum.
The export volume of the electronic cigarette industry is predicted to reach 63.2 billion yuan in 2021, with a compound annual growth of 28%. According to this growth rate, the export volume in 2025 is expected to reach 169.7 billion yuan.
From the analysis data, China‘s electronic cigarette has formed a certain scale in both industry and market. I believe that under the support of policies and the correct supervision of regulations, the future is still available.