ASEAN: Condom Market 2024

Condom Market Size in ASEAN

The ASEAN condom market skyrocketed to $X in 2021, growing by 23% against the previous year. In general, consumption posted a resilient expansion. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Condom Production in ASEAN

In value terms, condom production fell modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 9.3%. The level of production peaked at $X in 2020, and then dropped modestly in the following year.

Condom Exports

Exports in ASEAN

In 2021, the amount of condoms (sheath contraceptives) exported in ASEAN dropped to X units, falling by -9.4% compared with 2020. In general, exports showed a pronounced decrease. The pace of growth was the most pronounced in 2020 when exports increased by 11% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, condom exports dropped slightly to $X in 2021. The total export value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2019 with an increase of 14%. The level of export peaked at $X in 2020, and then shrank modestly in the following year.

Exports by Country

In 2021, Thailand (X units) represented the major exporter of condoms (sheath contraceptives), generating 62% of total exports. It was distantly followed by Malaysia (X units), creating a 37% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Thailand (with a CAGR of +2.2%).

In value terms, Thailand ($X) remains the largest condom supplier in ASEAN, comprising 74% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 24% share of total exports.

In Thailand, condom exports increased at an average annual rate of +6.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per thousand units, increasing by 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2019 when the export price increased by 24%. As a result, the export price reached the peak level of $X per thousand units; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per thousand units), while Malaysia stood at $X per thousand units.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+3.7%).

Condom Imports

Imports in ASEAN

In 2021, supplies from abroad of condoms (sheath contraceptives) was finally on the rise to reach X units after three years of decline. Overall, imports, however, saw a deep slump. The pace of growth appeared the most rapid in 2017 when imports increased by 33% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, condom imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2017 with an increase of 24% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Indonesia (X units), Malaysia (X units) and Vietnam (X units) was the largest importer of condoms (sheath contraceptives) in ASEAN, achieving 75% of total import. It was distantly followed by Thailand (X units), making up a 9.7% share of total imports. Myanmar (X units), the Philippines (X units) and Cambodia (X units) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +21.2%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest condom importing markets in ASEAN were Vietnam ($X), Indonesia ($X) and Malaysia ($X), with a combined 76% share of total imports. These countries were followed by Thailand, the Philippines, Cambodia and Myanmar, which together accounted for a further 18%.

Among the main importing countries, Myanmar, with a CAGR of +11.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per thousand units, with an increase of 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2013 when the import price increased by 12% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per thousand units), while Myanmar ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+14.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform