Cigarette industry in the UK worth of 2,8 billion pounds and 18.000 jobs until 2021
The e-cigarette industry has a significant positive impact on the UK economy, according to a new report, der vom Centre for Economics and Business Research (CEBR) on behalf of the UK Electronic Cigarette Industry Association (UKVIA) was created.
In the year 2021 The UK e-cigarette industry is worth 2,8 billion pounds (3,36 billion dollars) and offers almost 18.000 Retail jobs, in production and in the supply chain. According to the report, smokers, who give up their cigarettes in favor of the less harmful ones E-cigarettes give up, the British Health Service (NHS) alone in the year 2019 above 300 Saving millions of pounds.
While many companies have suffered in recent years, the retail stores have opted for E-cigarettes bucking the trend and becoming one of the fastest growing industries after the first decade of 21. century.
Von 2017 bis 2021 The British e-cigarette industry's sales rose by last year alone 23,4 % on 1,33 billion pounds. Considering the indirect economic benefits such as supply chain support and purchasing power of those employed in the e-cigarette industry, The economic impact will more than double.
In the year 2021 paid the e-cigarette industry 310 Millions of pounds in taxes to the UK Treasury.
CEBR estimates, that the e-cigarette industry in the UK in the year 2019 322 has saved millions of pounds in smoking-related healthcare costs. The estimated increase in economic productivity from smokers switching to e-cigarette products is 2019 on 1,3 billion pounds. This amount would be on 3,33 Increase billions of pounds, if 50 % of remaining British smokers E-cigarettes would switch, so the Study.
The Director General of UKVIA, John Dunne, said, that E-cigarettes in the UK from one in just over a decade “Heimindustrie” have become one of the fastest growing sectors, not just in retail, but in the entire economy.
Owen Good, Head of Economic Consulting at CEBR, said: “The results of the first report on the economic impact of the e-cigarette industry show, that they are fast growing, disruptive industry is a great success.”
“While many retailers have struggled in recent years, The e-cigarette industry has bucked the trend and seen significant growth both in stores and online. Even the effects of the new crown pandemic have not significantly hindered the industry's growth.
“More people are smoking than ever before E-cigarettes, and this is a real British success story, that creates jobs and prosperity, provides the state with valuable tax revenue and the NHS annually 300 Saving millions of pounds, because people are switching from smoking to e-cigarettes.”
