is-the-condom-market-at-risk?-what's-happening-–-rb

Is the condom market at risk? What's happening – RB

Is the condom market at risk? What’s happening – RB

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The condom market at risk? What’s happening – RB

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Is the condom market at risk? What’s happening – RB

The pandemic has hit the condom industry . He denounced it Goh Miah Kiat , managing director of Karex , one of the giants in the production of condoms. Speaking to Nikkei Asia, he explained that, since the coronavirus has spread globally, the company has complained a – 40% regarding the use of its products. And he explained why.

Because fewer condoms are sold with the pandemic

The Karex group is headquartered in Malaysia and produces approximately 5.5 billion condoms annually, which it distributes in 140 Countries around the world. Its main competitor, Thai Nippon Rubber , produces more or less 2 billion. Goh Miah Kiat, who represents the third generation to lead the multinational, said that, contrary to what one could imagine, people locked up at home during lockdowns did not have more sexual relations. And even the very short social life has precipitated the statistics.

Thus, for the first time in its history, the group recorded a net loss of approximately 240 thousand US dollars in 2020. The leaks, explained Goh Miah Kiat, were contained thanks to the sale of other products such as lubricants. In the last period, however, the sales of condoms have still spread worldwide and the Karex plants have again almost returned to full production.

How many condoms were sold before the pandemic

Was the condom market thriving before the pandemic? Not really. According to Iri Research, in fact, the sector had recorded drops in sales of 2.4% and 3.4% in the 2017 and in 2018, before replying with a + 1.9 % In the 2019. A leap before the void, arrived in 2020, the first year marked by the health emergency: – 4.4% .

According to the research, in addition to the pandemic, other factors are behind the decline:

postponed maturity of the new generations; alternatives of contraception; social media that distract the youngest.

Sex after the pandemic: market data

According to Match.com’s annual report, dedicated to US singles, over 70% of respondents explained they not be in favor of sexual intercourse from the very first encounters. A figure that, if we want, is also linked to that provided by the report ‘2022 Coming Soon’ of the Coop Research Office, on consumption and trends : for research, in fact, sex has lost several positions in the priority scale after the advent of the pandemic:

the 64% thinks it is essential to take care of yourself first or in any case find a balance between work and quality of life; only for the 24% it is a priority to find a partner or a companion. And therefore also in Italy the condom industry has not encountered large numbers in the last two years. In 2021, in fact, there was a – 10% compared to the years before the health emergency. Furthermore, the birth rate has also dropped (even more). But in this case there are also economic reasons. For example, here’s how much it costs us to keep a child up to 18 years in Italy. Without considering that the virus has effects on fertility (that’s how long, according to a study coordinated by the Genk Institute for Fertlity Technology).