In a statement, Malaysian Vape Chamber of Commerce (MVCC) said a study it commissioned on the industry in Malaysia showed it was worth RM2.27 billion, involving over 3,300 businesses and more than 15,000 workers.

The “Study on the Malaysian Vaping Industry” also found that workers in the vape industry were paid up to RM450 million in wages in 2019.

MVCC president Syed Azaudin Syed Ahmad said the data indicated that the vape industry is viable, growing and could contribute significantly to the local economy.

He said the vape industry in Malaysia had an established ecosystem, comprising manufacturers, importers and retailers, and a growing distribution and logistics network.

According to health ministry data, he said, 1.12 million people in the country are vapers.

Syed Azaudin said while Putrajaya had introduced an excise tax on vape devices and e-liquids, there was a need for this to be extended to e-liquids with nicotine, which make up 97% of the Malaysian market.

“The Malaysian vaping industry has significant potential that can be unlocked with practical and comprehensive regulations that must include the use of e-liquids with nicotine.

“This will spur the growth of SMEs which will, in turn, create jobs and generate tax revenue for the government,” he said.