Thailand: Condom Market 2024

Condom Market Size in Thailand

In 2021, the Thai condom market increased by 13% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +105.7% against 2019 indices. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Condom Production in Thailand

In value terms, condom production dropped modestly to $X in 2021 estimated in export price. In general, the total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +48.3% against 2016 indices. The pace of growth was the most pronounced in 2019 with an increase of 16% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Condom Exports

Exports from Thailand

In 2021, the amount of condoms (sheath contraceptives) exported from Thailand shrank modestly to X units, falling by -3% on 2020. The total export volume increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by 18% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2020, and then shrank slightly in the following year.

In value terms, condom exports totaled $X in 2021. Over the period under review, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +62.8% against 2016 indices. The growth pace was the most rapid in 2019 with an increase of 22% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X units), China (X units) and Nigeria (X units) were the main destinations of condom exports from Thailand, with a combined 29% share of total exports. These countries were followed by Hong Kong SAR, Indonesia, Malaysia, Pakistan, Russia, South Africa, Turkey, Spain, the UK and Ethiopia, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +23.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for condom exported from Thailand were the United States ($X), China ($X) and Hong Kong SAR ($X), with a combined 30% share of total exports. The UK, Russia, Nigeria, Indonesia, Turkey, Malaysia, South Africa, Spain, Pakistan and Ethiopia lagged somewhat behind, together comprising a further 26%.

Among the main countries of destination, Pakistan, with a CAGR of +25.8%, 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.

Condom Imports

Imports into Thailand

In 2021, after two years of growth, there was significant decline in supplies from abroad of condoms (sheath contraceptives), when their volume decreased by -9.5% to X units. Overall, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of 124%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, condom imports soared to $X in 2021. Over the period under review, imports showed a slight downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 83% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Malaysia (X units) constituted the largest condom supplier to Thailand, accounting for a 54% share of total imports. Moreover, condom imports from Malaysia exceeded the figures recorded by the second-largest supplier, India (X units), twofold. Spain (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia amounted to -12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+170.7% per year) and Spain (+195.0% per year).

In value terms, Malaysia ($X), Spain ($X) and India ($X) were the largest condom suppliers to Thailand, together comprising 78% of total imports.

In terms of the main suppliers, Spain, with a CAGR of +218.6%, 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.

Import Prices by Country

The average condom import price stood at $X per thousand units in 2021, growing by 37% against the previous year. Over the period under review, the import price posted a prominent expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 81% against the previous year. Over the period under review, average import prices reached the peak figure at $X per thousand units in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per thousand units), while the price for Malaysia ($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 Spain (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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