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E-Cigarettes - Georgia

Georgia
  • In 2024, the revenue in the E-Cigarettes market in Georgia amounts to US$10.6m.
  • The market is expected to grow annually by 2.25% (CAGR 2024-2029).
  • When compared globally, it is noteworthy that United States generates the highest revenue in this segment, with US$9bn in 2024.
  • In relation to the total population figures, per person revenues of US$3.32 are generated in Georgia in 2024.
  • The E-Cigarettes market in Georgia presents a significant opportunity for growth and development.
  • Despite the growing popularity of e-cigarettes in many countries, Georgia has seen a slower adoption rate due to cultural norms and traditional smoking habits.

Definition:

E-cigarettes or Electronic Nicotine Delivery Systems (ENDS) are devices that heat a liquid containing nicotine to create an aerosol which can be inhaled by the user. These products vary largely in size, function, and price, from low-cost disposable cig-a-like e-cigarettes to relatively expensive refillable tank devices. Introduced as an alternative tobacco product, e-cigarettes are mostly consumed in North America and Europe, whereas they are banned or strictly regulated in many countries in Central and South America as well as in Asia.

Both devices and their contents (e.g., e-liquids, vaping pods, nicotine salt) are included in the analyses. Unlike combustible tobacco products, the tobacco contents and the prices of different kinds of e-cigarette products are not directly comparable, therefore, the volume and price data are not displayed.

Due to a ban either on the entire segment or on nicotine-containing products, the following countries are excluded: Argentina, Australia, Bahrain, Bhutan, Brazil, Brunei Darussalam, Cambodia, Colombia, Gambia, India, Iran, Japan, Jordan, Kuwait, Lebanon, Malaysia, Mauritius, Mexico, Nepal, Nicaragua, Norway, Oman, Panama, Qatar, Saudi Arabia, Seychelles, Singapore, Sri Lanka, Suriname, Tajikistan, Thailand, Timor-Leste, Turkey, Turkmenistan, Uganda, Taiwan, Hong Kong and Uruguay.

Additional information:

The market comprises revenue, average revenue per capita, and sales channels.

For more information on the displayed data, please use the info button right next to the boxes.

In-Scope

  • Disposable e-cigarettes such as Elf Bar BC5000, ZOVOO DRAGBAR B5000, etc
  • Rechargeable vaping devices (e.g., vape pens, pod vapes, vape mods) such as JUUL vape pens and pods, myblu vape mods, etc
  • E-liquids, vaping pods, and nicotine salt such as JUUL vaping pods

Out-Of-Scope

  • Untaxed e-cigarette devices and contents which are sold illegaly
  • CBD liquids such as Strawberry CBD liquids, Cherry CBD liquids, etc
  • Heat-not-burn products such as IQOS and smokeless tobacco (snuff and chewing tobacco) such as Oliver Twist Arctic Chewing Tobacco, Oden’s Original Portion CB – Single Tin, etc
  • Decorative accessories for e-cigarettes such as cases
  • Combustible tobacco products (cigarettes, cigars, and smoking tobacco)
E-Cigarettes: market data & analysis - Cover

Market Insights Report

E-Cigarettes: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Key Players

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Analyst Opinion

    Often considered reduced-risk products, e-cigarettes have made up one of the most rapidly growing segments of tobacco products in the last decade. The E-Cigarettes market in North America is facing volatility and uncertainty due to a scandal concerning the popularity of these products amongst adolescents in the U.S., whereas the European market remains stable. The penetration rates of e-cigarettes remain low in the African, Asian, and South American market.

    Sales Channels

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Methodology

    Data coverage:

    The data encompasses B2C enterprises. Figures are based on consumer spending on E-Cigarettes.

    Modeling approach:

    The segment size is determined through a bottom-up approach. In order to analyze the markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as smoking rates, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques, such as the S-curve function and exponential trend smoothing. The selection of forecasting techniques is based on the behavior of the relevant market.

    Additional notes:

    The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Survey data is reweighted for representativeness.

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    E-Cigarettes: market data & analysis - BackgroundE-Cigarettes: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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