Asia-Pacific: Condom Market 2024

Condom Market Size in Asia-Pacific

The Asia-Pacific condom market amounted to $X in 2021, increasing by 15% against the previous year. The market value increased at an average annual rate of +3.2% over the period 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 attained the peak level in 2021 and is expected to retain growth in the immediate term.

Condom Production in Asia-Pacific

In value terms, condom production contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2017 with an increase of 29% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then fell modestly in the following year.

Condom Exports

Exports in Asia-Pacific

In 2021, overseas shipments of condoms (sheath contraceptives) increased by 2.3% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, saw a slight setback. The pace of growth appeared 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 remained at a lower figure.

In value terms, condom exports expanded remarkably to $X in 2021. The total export value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2017 when exports increased by 20%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Thailand represented the major exporter of condoms (sheath contraceptives) in Asia-Pacific, with the volume of exports amounting to X units, which was approx. 38% of total exports in 2021. Malaysia (X units) held the second position in the ranking, followed by China (X units) and India (X units). All these countries together held near 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 biggest increases were recorded for Hong Kong SAR (with a CAGR of +11.5%), while shipments for the other leaders experienced more modest paces of growth.

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

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

In 2021, the export price in Asia-Pacific amounted to $X per thousand units, growing by 6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.8%. The most prominent rate of growth was recorded in 2019 an increase of 22% against the previous year. As a result, the export price attained the peak level of $X per thousand units. From 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: 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-Pacific

After four years of decline, supplies from abroad of condoms (sheath contraceptives) increased by 10% to X units in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 24%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, condom imports surged to $X in 2021. Over the period under review, imports showed resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by 58%. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) represented the largest importer of condoms (sheath contraceptives), generating 35% of total imports. It was distantly followed by Hong Kong SAR (X units), Indonesia (X units), Malaysia (X units), Bangladesh (X units) and Vietnam (X units), together comprising a 39% share of total imports. The following importers - Taiwan (Chinese) (X units), Japan (X units), South Korea (X units), Australia (X units), Thailand (X units) and Pakistan (X units) - together made up 18% of total imports.

Imports into China increased at an average annual rate of +2.1% from 2012 to 2021. At the same time, Hong Kong SAR (+11.3%), Japan (+8.0%), Taiwan (Chinese) (+3.3%), 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-Pacific, with a CAGR of +11.3% from 2012-2021. By contrast, Pakistan (-1.1%), Australia (-3.7%), Bangladesh (-4.3%), Vietnam (-5.8%), Thailand (-6.6%) and Malaysia (-8.0%) illustrated a downward trend over the same period. While the share of Hong Kong SAR (+9.3 p.p.), China (+8 p.p.), Japan (+1.9 p.p.) and Indonesia (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Thailand (-1.8 p.p.), Bangladesh (-2 p.p.), Vietnam (-2.9 p.p.) and Malaysia (-5.5 p.p.) displayed negative dynamics. 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) were the countries with the highest levels of imports in 2021, with a combined 69% share of total imports.

Among the main importing countries, Hong Kong SAR, with a CAGR of +19.9%, saw 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.

Source: IndexBox Platform

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