A few days ago, some e-cigarette companies in China revealed that they were invited to participate in the e-cigarette compulsory national standard solicitation meeting, but the specific content and progress have not yet been announced. Many industry insiders have analyzed that after the release of the international e-cigarette standard, the development of the e-cigarette industry will be further regulated, the quality of e-cigarette products, the technical threshold and quality inspection capabilities will be improved, and the long-term and sustainable development of the industry will be ensured.
Nantional standatd of e-cigarettes
On the news, according to the national standard information service public platform, the status of the national standard of electronic cigarettes (20171624-Q-456) has been changed to being drafted, and the "Gas Chromatography Standard for the Determination of Nicotine, Propylene Glycol and Glycerol in Electronic Cigarette Liquids" ( 20172264-T-456) status is still under approval.
Within a month, the national standard status of e-cigarettes changed again. According to media reports, on October 18, the national standard status of e-cigarettes was changed from being approved to being reviewed.
China's e-cigarette market
China is the world's main production base for e-cigarettes, and its output accounts for about 95% of the world's total, of which more than 90% are for export. In recent years, the scale of China's e-cigarette market has also grown rapidly. The data shows that in 2013, the scale of China's e-cigarette market was 550 million yuan, and the market size increased to 8.38 billion yuan in 2020, with an 8-year compound annual growth rate of 72.5%.
On November 23, the e-cigarette concept stocks continued to strengthen in the Hong Kong stock market. However, RELX, an e-cigarette stock in the U.S. stock market, did not rise but fell.
What's the reason?
How will the changes in national standards affect the development of the e-cigarette industry?
What do you think of the follow-up of the e-cigarette industry?
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