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Condoms would rise in price due to interruptions linked to the war in Iran

Karex, a condom company, warned of possible price increases of up to 30% for condoms due to the war in Iran: we explain the relationship

Condoms would rise in price due to interruptions linked to the war in Iran
Time to Read 2 Min

Beyond just power, the Middle East's tensions have had an impact on various sectors, including the sexual health products sector, which we had no idea may be affected by. A key condom producer warned that prices could rise in the upcoming months as a result of operational difficulties and rising costs for raw materials due to the conflict in Iran and its effects on the global supply chain. One of the largest condom producers in the world, Kareex, noted that the business is under enormous pressure because of a shortage of the important synthetic rubber used to make the products. The prices of some input have doubled, according to its CEO, Goh Miah Kiat, and shipping internationally has also increased by more and faster. " The scenario is undoubtedly very delicate," he declared. The prices are high. The CEO of Karex, Goh Miah Kiat, told Reuters," We have no other choice but to move the cost on to our customers. " The business was cautioned that if the market conditions persist, price increases of 20 % to 30 % could be made. Due to the conflict in Iran, major delays and disruptions in international freight transportation have been caused by strategic shipping routes, particularly the Strait of Hormuz. Fuel and products derived from the chemical industry, such as plastics and synthetic rubber, which are important components of a lot of consumer goods, are also affected by this situation. According to logistical issues, shipments to marketplaces like Europe and the United States, which typically take about a fortnight, are now taking nearly two months. This is made even worse by a rise in the demand for condoms, which the company itself projects is at around 30 % this year, adding to the pressure on stock. The business, which was founded in Johor, Malaysia, in 1988, imports to more than 130 nations and produces about 5 billion contraception annually. It is also a major player in the global marketplace for these products because it supplies foreign companies like Trojan and Durex.

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