Answer: The country that produces the most vapes is China.
China is the main production base of vapes in the world, accounting for about 95% of the world’s total output, of which more than 90% are exported. In recent years, countries have put forward stricter testing and certification for the import, export and sales of vapes, prompting enterprises to devote more energy to product development and innovation.
1. Basic overview of the vape industry:
tobacco is a concept relative to traditional cigarettes. New tobacco products have three characteristics:
1. No need to burn;
2. Provide nicotine;
3. A small amount of second-hand smoke is not even produced.
The upstream industrial chain of the vape industry mainly includes chip design solution providers, manufacturers of batteries, e-liquids, atomizers, screens, cotton, silk and other accessories, plastics, hardware and other raw materials, silk screen printing, packaging and other suppliers;
The midstream is the design and manufacture of vapes, mainly including vape manufacturers and traditional tobacco manufacturers. At present, most domestic vape manufacturers adopt OEM and ODM business models. The average design and production cycle of an vape product in the industry is 3 to 5 months;
The downstream of the vape industry chain mainly includes agents, distributors, retailers and end consumers. Retailers acquire products from agents and distributors and sell them to end customers.
As the market matures, the currently fragmented vape production industry will move towards consolidation in the future. In the future, companies with channel advantages are expected to rely on stable order resources to lead the industry integration and complete the layout of the entire electronic cigarette industry chain, so as to obtain more profits in the industry chain.