Latin America and the Caribbean: Condom Market 2024

Condom Market Size in Latin America and the Caribbean

The Latin American condom market skyrocketed to $X in 2021, increasing by 20% against the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Condom Production in Latin America and the Caribbean

In value terms, condom production declined remarkably to $X in 2021 estimated in export price. In general, production continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 137%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Condom Exports

Exports in Latin America and the Caribbean

After two years of growth, shipments abroad of condoms (sheath contraceptives) decreased by -47.5% to X units in 2021. In general, exports faced a deep downturn. The growth pace was the most rapid in 2020 with an increase of 83%. The volume of export peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, condom exports contracted rapidly to $X in 2021. Overall, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of 60%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Honduras (X units) and Argentina (X units) represented roughly 58% of total exports in 2021. It was distantly followed by the Dominican Republic (X units), generating an 18% share of total exports. Costa Rica (X units), Mexico (X units), Guatemala (X units), Jamaica (X units), Colombia (X units), Uruguay (X units) and Ecuador (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Dominican Republic (with a CAGR of +61.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest condom supplying countries in Latin America and the Caribbean were Honduras ($X), Argentina ($X) and Costa Rica ($X), together comprising 67% of total exports. These countries were followed by Mexico, Jamaica, Colombia, the Dominican Republic, Ecuador, Guatemala and Uruguay, which together accounted for a further 25%.

Among the main exporting countries, the Dominican Republic, with a CAGR of +36.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per thousand units, dropping by -7.8% against the previous year. Over the last nine years, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2013 when the export price increased by 43% against the previous year. The level of export peaked at $X per thousand units in 2014; however, from 2015 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 Costa Rica ($X per thousand units), while the Dominican Republic ($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 Mexico (+19.3%), while the other leaders experienced more modest paces of growth.

Condom Imports

Imports in Latin America and the Caribbean

In 2021, approx. X units of condoms (sheath contraceptives) were imported in Latin America and the Caribbean; with an increase of 18% compared with 2020. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 28%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, condom imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 31%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Brazil represented the largest importing country with an import of around X units, which resulted at 40% of total imports. Mexico (X units) held the second position in the ranking, followed by Colombia (X units), Chile (X units), Argentina (X units), Peru (X units) and Honduras (X units). All these countries together took approx. 40% share of total imports.

Imports into Brazil increased at an average annual rate of +5.2% from 2012 to 2021. At the same time, Chile (+15.3%), Mexico (+6.8%), Honduras (+6.4%) and Colombia (+1.0%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +15.3% from 2012-2021. By contrast, Peru (-3.5%) and Argentina (-6.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil, Chile, Mexico and Honduras increased by +11, +5.4, +3.3 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported condoms (sheath contraceptives) in Latin America and the Caribbean, comprising 41% of total imports. The second position in the ranking was taken by Mexico ($X), with a 14% share of total imports. It was followed by Argentina, with a 7.3% share.

In Brazil, condom imports increased at an average annual rate of +4.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (+13.4% per year) and Argentina (-1.2% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per thousand units, declining by -2.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2019 an increase of 12%. Over the period under review, import prices attained the maximum at $X per thousand units in 2020, and then dropped slightly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per thousand units), while Honduras ($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 Mexico (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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