Tobacco Asia

January/February 2025 - Vol 29-No 1

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Tobacco Asia 35 www.nicotineusp.com sales@nicotineusp.com NICOTINE IN ITS PUREST FORM The specific data is as follows: Canada's month-on-month growth in- creased by 24.86% and year-on-year growth in- creased by 7.4%, making it the country with the highest month-on-month growth among the top 10 countries. It moved up from 10th place in Oc- tober to 6th place this month. Russia's monthly index decreased by 18.11% and annually by 62.88%, while its ranking re- mained unchanged. For the UAE, there was a month-on-month growth of 3.09% and a year-on-year growth of 54.56%, maintaining its ranking. In the Netherlands, the month-on-month decrease was 25.47% and the year-on-year de- crease was 31.66%. It was the country with the largest month-on-month decline among the top 10 countries. In October, it was ranked 6th, but in November, it dropped to 9th place. Indonesia's month-on-month decrease was 6.59%, with a year-on-year growth of 249.74%, making it the country with the largest year-on-year increase among the top 10 countries. It ranked 9th in October but dropped to 10th in November. According to the data above, there are chang- ing trends in the e-cigarette market among different regions. The North American market (US, Canada) remains a key consumer market for e-cigarettes, with consumer demand continuing to grow. Within Shenzhen, China, also known as Vapor Valley, is home to 95% of the world's e-cigarette production. the European market (UK, Germany, Netherlands), Germany is experiencing strong growth, while the UK and Netherlands are declining. In the Southeast Asian market (Malaysia, Indonesia), it continues to be an important export region for Chinese e-ciga- rettes, but demand fluctuates greatly, with month- on-month data showing decreases in both Malaysia and Indonesia. In the Middle East market (UAE), the UAE has maintained double-digit growth year- on-year since July, with both October and Novem- ber surpassing 50%.

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