Malaysian Vape Industry Valued At RM3.48 Billion In 2023

The Malaysian vape industry’s retail value has grown exponentially by approximately 53% from RM2.27 billion in 2019 to an estimated RM3.48 billion in 2023, revealed the Malaysian Vape Chamber of Commerce as numbers of consumers have increased due to many more smokers switching to vape.

Ridhwan Rosli, Secretary-General of MVCC, said that the study clearly shows that the vape industry has continued to grow from strength to strength. MVCC Secretary-General Ridhwan Rosli. He added that concern primarily lies in the potential adverse economic impact this may have on the sector. The vape industry is experiencing significant growth, with many Bumiputera entrepreneurs finding opportunities and livelihoods within this market.

MVCC Secretary-General Ridhwan Rosli. Data from The Malaysian Vape Industry Study 2023 was garnered through two studies: one through direct engagement with industry players, and an online consumer survey.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

PM: Malaysia needs to capitalise on its expertise in halal industryKUALA LUMPUR: Malaysia needs to capitalize on its expertise in the halal industry, which is now in high demand by many foreign countries, due to the s...
Fuente: theSundaily - 🏆 25. / 51 Leer más »

Strategic university-industry collaboration between APU and ZeissAPU-Zeiss collaborate to provide engineering students with GD&T certification.
Fuente: DNewsAsia - 🏆 23. / 51 Leer más »

Australian wine industry hit by China’s high tariffsNationwide oversupply inventories are enough to fill 859 Olympic swimming pools, depressing prices.
Fuente: fmtoday - 🏆 5. / 72 Leer más »

Malaysian companies lag in financial digitalisation: WorkdayA majority of Malaysian companies are still lagging in finance digital transformation
Fuente: DNewsAsia - 🏆 23. / 51 Leer más »