Condom Market

The article discusses the increasing demand for condoms (sheath contraceptives) worldwide, with the market expected to continue an upward trend in consumption over the next eight years. The forecast indicates a growth in market volume and value, with a projected CAGR of +0.9% and +2.7% respectively. In 2022, approximately 34B units of condoms were consumed globally, with countries like China, the United States, and Brazil leading in consumption. The article also highlights trends in global production, import, and export of condoms, with insights into key exporting and importing countries and their growth rates.

Market Forecast

Driven by increasing demand for condoms (sheath contraceptives) worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.9% for the period from 2022 to 2030, which is projected to bring the market volume to 36B units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.7% for the period from 2022 to 2030, which is projected to bring the market value to $1.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Condoms (Sheath Contraceptives)

In 2022, approx. 34B units of condoms (sheath contraceptives) were consumed worldwide; rising by 2.4% compared with 2021. The total consumption volume increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 9% against the previous year. Over the period under review, global consumption attained the peak volume in 2022 and is likely to see gradual growth in years to come.

The global condom market size declined to $934M in 2022, approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the global market attained the maximum level at $954M in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (4.8B units), the United States (2.4B units) and Brazil (1.7B units), together accounting for 27% of global consumption. Nigeria, the UK, Russia, South Africa, Vietnam, Spain, Turkey, France, Romania and Indonesia lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Romania (with a CAGR of +13.1%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, China ($201M) led the market, alone. The second position in the ranking was held by the United States ($95M). It was followed by Brazil.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +3.4%. In the other countries, the average annual rates were as follows: the United States (+2.7% per year) and Brazil (+5.3% per year).

The countries with the highest levels of condom per capita consumption in 2022 were Romania (30 units per person), the UK (19 units per person) and South Africa (18 units per person).

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +13.7%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Condoms (Sheath Contraceptives)

In 2022, production of condoms (sheath contraceptives) increased by 9.9% to 36B units, rising for the third year in a row after two years of decline. The total output volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; 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 when the production volume increased by 37%. Over the period under review, global production attained the maximum volume in 2022 and is expected to retain growth in the near future.

In value terms, condom production declined to $823M in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 20%. Global production peaked at $831M in 2021, and then reduced slightly in the following year.

Production By Country

The countries with the highest volumes of production in 2022 were Thailand (10B units), China (7.1B units) and Malaysia (5.9B units), together accounting for 64% of global production. India, Belgium, the United States and Japan lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +67.3%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Condoms (Sheath Contraceptives)

For the fourth year in a row, the global market recorded growth in purchases abroad of condoms (sheath contraceptives), which increased by 20% to 33B units in 2022. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, condom imports rose significantly to $884M in 2022. The total import value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 20%. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports By Country

In 2022, China (2.7B units), the United States (1.9B units), Brazil (1.7B units), the UK (1.5B units), Nigeria (1.3B units), Russia (1.2B units), South Africa (1.1B units), Malaysia (1B units), the Netherlands (0.8B units), Spain (0.7B units), Germany (0.7B units) and Turkey (0.6B units) was the key importer of condoms (sheath contraceptives) in the world, generating 46% of total import. France (613M units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Netherlands (with a CAGR of +17.4%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, China ($119M) constitutes the largest market for imported condoms (sheath contraceptives) worldwide, comprising 14% of global imports. The second position in the ranking was held by the United States ($56M), with a 6.3% share of global imports. It was followed by Brazil, with a 4.9% share.

In China, condom imports expanded at an average annual rate of +9.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United States (+4.5% per year) and Brazil (+5.3% per year).

Import Prices By Country

In 2022, the average condom import price amounted to $27 per thousand units, dropping by -11.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2014 when the average import price increased by 19% against the previous year. Global import price peaked at $30 per thousand units in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($45 per thousand units), while Nigeria ($11 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.9%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Condoms (Sheath Contraceptives)

In 2022, overseas shipments of condoms (sheath contraceptives) increased by 28% to 36B units, rising for the third year in a row after two years of decline. The total export volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, condom exports stood at $756M in 2022. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, 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 16%. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports By Country

In 2022, Thailand (10B units), distantly followed by Malaysia (6.8B units), China (5B units), India (4.2B units), Belgium (3.3B units) and the United States (2.1B units) represented the main exporters of condoms (sheath contraceptives), together constituting 88% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Belgium (with a CAGR of +30.6%), while the other global leaders experienced more modest paces of growth.

In value terms, Thailand ($270M) remains the largest condom supplier worldwide, comprising 36% of global exports. The second position in the ranking was held by Malaysia ($87M), with a 12% share of global exports. It was followed by China, with an 11% share.

In Thailand, condom exports increased at an average annual rate of +7.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (-2.2% per year) and China (+0.2% per year).

Export Prices By Country

In 2022, the average condom export price amounted to $21 per thousand units, shrinking by -21.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2016 when the average export price increased by 22% against the previous year. The global export price peaked at $27 per thousand units in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($26 per thousand units), while Belgium ($6 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform