E-cigarettes, including IQOS and lil, recorded sales of 190 million packs, increasing by 24.2 percent since last year. (image: Korea Tobacco & Ginseng Corp.)
SEOUL, Aug. 1 (Korea Bizwire) — The popularity of traditional cigarettes is waning, as e-cigarettes have seen a significant boost in sales this year.
The Ministry of Economy and Finance reported that cigarette sales reached 1.67 billion packs between January and June this year, which was a 0.6 percent decrease from last year.
Among them, traditional cigarettes recorded sales of 1.47 billion packs, which was a 3.6 percent decrease since last year. Compared with 2014, before the price hike in cigarettes, sales have decreased by 27.6 percent.
E-cigarettes, including IQOS and lil, recorded sales of 190 million packs, increasing by 24.2 percent since last year.
The sales share of traditional cigarettes as a function of total cigarette sales has shrunk by 2.7 percentage points (to 88 percent), while e-cigarettes have expanded by 2.3 percentage points to 11.6 percent.
Closed System Vaporizer (CSV) liquefied e-cigarettes recorded 0.4 percent. “Traditional cigarettes are being replaced by e-cigarettes,” said a ministry official.
H. M. Kang (hmkang@koreabizwire.com)
nice article! According to me first, it is avoided to talk about vapes in front of children. If you want to educate them about the effects of vaping then you should choose a soft engaging way. This helps them to understand better so they can be open with parents.