How much does COVID-19 affect vape?
According to data from the industry vape electronic Chamber of Commerce Committee in China, the epidemic has vape industry at home and abroad confronted degree of opportunities and challenges of different:
China: China is the production base of the world vape and accessories account for 95% of global proportion IJOY vape. The US and UK are the first and the second largest consumer in the world and the main consumers of China Asmodus vape vape mods. Vape domestic companies resumed in late February, work, and working mainly at capacity again in March. made during the epidemic, the demand for orders from overseas was strong, and the value of exports from January to April was estimated at 10 billion yuan, the same as during the same period in 2019, and rapid growth in April. At the same time, many national vape companies increase investment, including product research and development investments and equipment and strengthened to improve their own captain IJOYforce in the “special period”. We believe this means that practitioners are optimistic about the future development of the industry.
USA: IJOY Neptune The United States is the largest consumer market in the world to vape more than 50% is the overall share.IJOY Mercury vape is the wing of the global industry and vape most affected the market for ‘industry. According to data of the impact of the epidemic exchange technology vape Industry Association (VTA) began in mid-March. The first is to prevent the slowdown in imports, shipping products distributor. Of the 43 states that “stay at home”, the restriction order set up, only 10 states have retail stores Vape still open, and 3 states that delivery bordering Eleaf vape road. But it is also difficult to provide their own products for these transactions. converted to support e-liquid manufacturer in the United States and its lines of disinfectant products for the hands, the fight against the epidemic. In June, almost all states have resumed their activities, and that some regions not yet reopened. It should be noted that, at the request of Captain IJOY 2 Mod, time PMTA FDA for vape companies has been extended to 12 May 2020 to 9 September 2020, want to open the time of the global market in the United States for business vape to buy. At present, major Chinese companies as vape McWell (the parent company Smolar listed on the Hong Kong stock exchange) and relx prepared for PMTA.
United Kingdom: The United Kingdom is the country supported vape in the world and the second largest country in China’s exports vape. According to the UK Vape IJOY Mystique tank Industry Association (UKVIA), there are currently more than 3,000 stores Vape UK, an increase of 10% over the previous year. The British retail store vape store offers services from 24 mid-June and reopened in March suspended. Overall, total sales were down 30% to 60%, with sales of Vape open products fell by 60%, but because many stores sales line connected and provided distribution services IJOY diamond, online sales increased by 1500%. due to subsidies also saw the government to increase despite lower sales of this business profits. UKVIA estimated damage to the UK supply chain for the epidemic mainly from China is due to insufficient supply what they need sensitized to ensure a stable and secure supply chain with China.
Europe: According to the European Association vape (IEVA) due to the epidemic, Vape branches in Germany and most countries of the European Union needed to close since March, and they did not open until In mid-May IJOY Mercury vape Pod system. During the epidemic due to the effects of vape sales, wholesalers and factories pressure were faced with inventory backlog and cash flow; Vape the exhibition in the same period was also canceled. At the same time, due to the strict hygiene standards and rising freight cos Government YOOZ Vape