The head of Karex, the world’s largest condom producer, has warned that the company plans to raise prices by up to 30% or potentially more if the ongoing conflict involving Iran continues to disrupt the supply of key raw materials.
Chief executive Goh Miah Kiat noted that production costs have surged significantly since the conflict began, driven by higher prices for essential inputs and rising logistics expenses.
The Malaysia-based manufacturer produces over five billion condoms annually, supplying major global brands such as Durex and Trojan, as well as public health systems including the National Health Service.
Global condom prices set to surge as Iran war disrupts supply chains. Photo: Courtesy.
Global energy markets have been heavily affected after tensions escalated, with threats to shipping through the Strait of Hormuz disrupting the movement of oil and gas.
The strait is a critical route through which roughly a fifth of the world’s crude oil and liquefied natural gas typically passes, making it vital to global supply chains.
Karex depends on petroleum-based materials such as ammonia, used in preserving latex, and silicone-based lubricants.
Rising energy prices, combined with increased freight costs and shipping delays, have strained supply further.
At the same time, global demand for condoms has climbed by about 30% this year, intensifying pressure on already stretched supply chains and contributing to the anticipated price increases.
The ripple effects of the US–Israel–Iran tensions are spreading beyond energy markets, driving up costs for everyday goods worldwide.
Airfares have jumped, with the cheapest economy tickets rising by an average of 24% compared to last year.
Disruptions to shipping routes in the Gulf have also pushed up fertiliser prices and led to a shortage of helium, a key component in computer chip production.
Industries such as bottled water are facing mounting pressure due to difficulties in sourcing raw materials, while the United Nations has warned that food prices including sugar, dairy, and fruit are set to increase as transport costs continue to climb.
