Asia: Condom Market 2024

Condom Market Size in Asia

The Asian condom market skyrocketed to $X in 2021, jumping by 19% against the previous year. The market value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the near future.

Condom Production in Asia

In value terms, condom production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 29%. The level of production peaked at $X in 2020, and then shrank slightly in the following year.

Condom Exports

Exports in Asia

In 2021, overseas shipments of condoms (sheath contraceptives) increased by 2% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, recorded a mild setback. The growth pace was the most rapid in 2017 with an increase of 18%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, condom exports reached $X in 2021. The total export value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 20% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Thailand (X units) represented the main exporter of condoms (sheath contraceptives), constituting 38% of total exports. It was distantly followed by Malaysia (X units), China (X units) and India (X units), together committing a 55% share of total exports. Hong Kong SAR (X units) and Japan (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Hong Kong SAR (with a CAGR of +11.5%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the largest condom supplier in Asia, comprising 41% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 15% share of total exports. It was followed by Malaysia, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Thailand stood at +6.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (+20.7% per year) and Malaysia (-4.2% per year).

Export Prices by Country

The export price in Asia stood at $X per thousand units in 2021, increasing by 6.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2019 an increase of 22% against the previous year. As a result, the export price reached the peak level of $X per thousand units. From 2020 to 2021, the export prices failed to regain momentum.

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 Hong Kong SAR ($X per thousand units), while Malaysia ($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 Hong Kong SAR (+8.3%), while the other leaders experienced more modest paces of growth.

Condom Imports

Imports in Asia

In 2021, overseas purchases of condoms (sheath contraceptives) increased by 16% to X units for the first time since 2016, thus ending a four-year declining trend. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 19% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, condom imports soared to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +33.5% against 2017 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 51%. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) represented the major importer of condoms (sheath contraceptives), making up 29% of total imports. Hong Kong SAR (X units) ranks second in terms of the total imports with a 12% share, followed by Indonesia (7.2%), the United Arab Emirates (6.1%), Turkey (5.6%), Malaysia (4.8%) and Bangladesh (4.5%). Vietnam (X units), Taiwan (Chinese) (X units), Japan (X units), South Korea (X units), Thailand (X units) and Pakistan (X units) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to condom imports into China stood at +2.1%. At the same time, Hong Kong SAR (+11.3%), the United Arab Emirates (+8.3%), Japan (+8.0%), Taiwan (Chinese) (+3.3%), Turkey (+2.7%), Indonesia (+1.7%) and South Korea (+1.4%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in Asia, with a CAGR of +11.3% from 2012-2021. By contrast, Pakistan (-1.1%), Bangladesh (-4.3%), Vietnam (-5.8%), Thailand (-6.6%) and Malaysia (-8.0%) illustrated a downward trend over the same period. Hong Kong SAR (+7.7 p.p.), China (+6 p.p.), the United Arab Emirates (+3.3 p.p.) and Japan (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Thailand, Bangladesh, Vietnam and Malaysia saw its share reduced by -1.6%, -1.9%, -2.6% and -4.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Hong Kong SAR ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 58% of total imports.

In terms of the main importing countries, Hong Kong SAR, with a CAGR of +19.9%, saw the highest rates of growth with regard to 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 Asia amounted to $X per thousand units, rising by 9.9% against the previous year. Import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, condom import price increased by +62.1% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by 46% against the previous year. The level of import peaked at $X per thousand units in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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 Hong Kong SAR ($X per thousand units), while Indonesia ($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

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