While for months, some people and associations do not hesitate to declare everywhere that the e-cigarette is only a fashion, economic data provided by Wells Fargo et Agora Financial would tend to prove the opposite.
The electronic cigarette would be only a fashion effect? Well no if we believe the economic data provided by Wells Fargo et Agora Financial which prove that the vape market has grown considerably over the last ten years. If in 2008, the vape market capped sales of 20 million in the world, in 2017 it could reach records with more than 10 billion sales.
On this chart provided by The report of Statista which shows the sales of electronic cigarettes in US dollars in the world of 2008 to 2017 (in millions) we immediately realize the progress of the market of the vape with a particularly important peak between 2014 and 2017 (of almost 3 billion dollars to 10 billion). Clearly, if at first the e-cigarette could look like a real fashion effect, today is the progression over the past years that proves the opposite.
Despite regulations, bans, misinformation and lack of support from governments and associations the vape market is booming and this is probably not ready to stop.