Global Condom Prices Set to Rise Amid Iran Conflict Disruptions

Global Condom Prices Set to Rise Amid Iran Conflict Disruptions

The world’s largest condom manufacturer, Karex, has warned of significant price increases due to rising production costs linked to ongoing tensions involving Iran.

According to the BBC, Karex Chief Executive Goh Miah Kiat stated that the company may raise prices by up to 30% or more if the conflict continues to disrupt the supply of raw materials.

The Malaysia-based firm produces over five billion condoms annually and supplies major global brands such as Durex and Trojan, as well as public health systems including the UK’s National Health Service.

The price pressure is largely attributed to disruptions in global oil supply chains following Iran’s response to US and Israeli airstrikes. Threats to vessels in the Strait of Hormuz have significantly affected shipping routes, increasing costs for key materials used in condom production.

Karex says it is closely monitoring the situation as uncertainty in global markets continues.