EU to scrap import duties on 80% of Armenian products amid Russia trade squeeze
The Council of the European Union has agreed to suspend import duties on a range of Armenian products for two years t...
London, February 24, 2025 – Private retail sales data reviewed by Reuters indicates that sales of unauthorized, flavoured disposable vapes in the United States totaled around $2.4 billion in 2024.
The figures, representing about 35% of the e-cigarette sales from convenience stores and supermarkets, mark a significant portion of the overall vape market, according to market research firm Circana.
The data shows that while the unauthorised market shrank from $3.2 billion in 2023 to $2.4 billion in 2024 - and from $2.8 billion in 2022 - it still remains a major segment within a broader $6.8 billion market tracked by Circana. The firm’s analysis, which covered approximately 11,000 unauthorised flavoured disposable e-cigarette products across hundreds of brands, does not capture sales made online, in independent stores, or in specialty vape outlets.

The U.S. Food and Drug Administration has authorized only 34 tobacco- or menthol-flavoured vape products for legal sale, all produced by major tobacco companies such as British American Tobacco and Altria. By contrast, the unauthorised market features a wide range of flavours - from "cookie and cloud" to "magic cotton candy"- underscoring the appeal of these products to consumers despite regulatory restrictions.
Industry sources have noted that the data on disposable vapes is preliminary and subject to revisions, with previous estimates for 2024 having been adjusted upward. Despite a reported 25% contraction in sales of flavoured disposable vapes compared to 2023, key industry players suggest that the overall U.S. vape market expanded by 30% this year, driven entirely by illicit products. Altria CEO Billy Gifford highlighted this trend during a conference on February 19.
The figures also reflect the impact of regulatory efforts, as top-selling labels such as Esco Bars and Elf Bars fell out of the top 10 most sold devices in 2024 after the FDA blocked their imports in 2023. Other brands have since risen to fill the void.
As authorities continue to crack down on unauthorised products, the data provides a rare glimpse into the scale of the illicit vape market in the U.S., highlighting both its significant economic footprint and the challenges facing regulators in curbing the sale of non-compliant products.

Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan have concluded talks in Bishkek, the capital of Kyrgyzstan, as leaders gather for the Shanghai Cooperation Organisation (SCO) summit.
Leaders of the Shanghai Cooperation Organisation (SCO) have gathered in Bishkek for a summit focused on trade, investment and transport as the group marks 25 years since its creation.
U.S. forces struck two Iranian rocket launchers on Larak Island on Sunday, with Tehran responding by launching ballistic missiles at two U.S. bases in Jordan in the first direct U.S.-Iran military escalation in weeks.
The U.S. has launched a fresh wave of strikes on Iran, targeting Islamic Revolutionary Guard Corps (IRGC) sites as Tehran retaliated against U.S. positions across the region, while Iranian officials said at least five people were killed and dozens wounded at a wedding near Sirik.
Apple is entering a new era as Tim Cook steps down as chief executive after 15 years at the helm, handing the technology giant's leadership to longtime executive John Ternus.
Volkswagen is heading towards a decisive showdown with labour representatives as Germany's largest carmaker weighs sweeping restructuring measures that could lead to factory closures and tens of thousands of job losses.
Online fast-fashion retailer Shein is seeking to raise up to $1.77 billion in a Hong Kong IPO after its valuation fell around 70 per cent from its private-market peak four years ago.
Kazakhstan has received a fresh vote of confidence in its economy after S&P Global Ratings upgraded the country’s credit rating, citing stronger public finances, solid reserves and steady economic growth.
AnewZ Business Europe, a new weekday programme, takes viewers inside companies driving growth and innovation across the continent, with Brickken CEO Edwin Mata joining the programme for its first episode with host Chief Global Editor Guy Shone. The show airs every Friday.
Once associated mainly with Muslim-majority countries, Islamic finance has become a global industry. Its assets reached around $5.98 trillion in 2024, according to ICD-LSEG, as more countries explore Shariah-compliant finance.
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