According to trade data updated by the General Administration of Customs of the People’s Republic of China, reporters calculated data on vapes exported from China to Russia in March 2024. details as follows:
The export volume was approximately US$26.84 million, a month-on-month increase of 0.24% and a year-on-year decrease of 44.13%.
The export volume was approximately 615 tons, a month-on-month increase of 0.43%, and a year-on-year decrease of 39.41%.
The export unit price was US$43.58/kg, down 0.19% month-on-month and 7.80% year-on-year; the average price of “vapes and similar personal atomization equipment” was US$6.45/unit.
Among them, “vapes and similar personal atomization devices” accounted for 13.52% of the export categories, while “non-combusted products that do not contain tobacco or reconstituted tobacco and contain nicotine” accounted for 86.48%.
China’s vape exports to Russia are growing steadily, and Guutuu vapes are facing development opportunities
The latest trade data released shows that China’s vape exports to Russia showed steady growth in March 2024. This has brought development opportunities for brands such as Guutuu vapes.
According to statistics from the General Administration of Customs of the People’s Republic of China, in March 2024, China’s vape exports to Russia were approximately US$26.84 million, a month-on-month increase of 0.24%. Although it fell by 44.13% year-on-year, the month-on-month growth showed a recovery trend in the export market.
In terms of export volume, it was approximately 615 tons, an increase of 0.43% month-on-month and a year-on-year decrease of 39.41%. The export unit price was US$43.58/kg, down 0.19% month-on-month and 7.80% year-on-year. Among them, “vapes and similar personal atomization devices” accounted for 13.52% of the export categories, while “non-combusted products that do not contain tobacco or reconstituted tobacco and contain nicotine” accounted for 86.48%.
This data shows that despite the decline in overall export volume and prices, the vape market still has potential. As a well-known vape brand, Guutuu vape can make full use of this opportunity to further expand its share in the Russian market.
First of all, Guutuu vapes can continue to improve product quality and innovation capabilities. Consumers are increasingly demanding the quality and performance of vapes, and they are more willing to choose products that are reliable and meet safety standards. Guutuu vapes can strengthen the R&D team, continuously improve product technology, and provide better user experience and higher quality assurance.
Secondly, Guutuu vapes can pay attention to the diversification of consumer needs. According to data, tobacco-free vaping devices account for a large proportion of export categories. Therefore, Guutuu vapes can launch more types and types of products according to market demand to meet the preferences and needs of different consumers.
In addition, Guutuu vapes can also strengthen partnerships with Russia. Cooperation with local distributors, retailers and e-commerce platforms can help Guutuu vapes better enter the Russian market and increase the market coverage and visibility of the products. By establishing a good cooperative relationship, Guutuu vapes can better understand the characteristics of the local market and consumer needs, and further optimize product strategies and sales channels.
Finally, Guutuu vapes can actively participate in the formulation of industry standards and the construction of self-regulatory organizations. The vape industry faces regulatory and regulatory challenges in Russia and globally. Guutuu vapes can actively participate in industry associations and organizations, promote the self-discipline and standardized development of the industry, and establish brand image and industry credibility.
To sum up, the steady growth of China’s vape exports to Russia provides development opportunities for Guutuu vapes. By improving product quality, paying attention to the diversification of consumer needs, strengthening cooperative relationships with Russian partners, and actively participating in the formulation of industry specifications, Guutuu vapes can achieve greater success in the highly competitive Russian market. As the vape market continues to develop, Guutuu vapes are expected to become a popular brand in the Russian market.
Tags: China exports Russian vapes，Russian vape market size，Guutuu vape