ABUJA, Nigeria – The world’s largest condom manufacturer, Karex Bhd, plans to raise prices by up to 30 per cent, citing supply chain disruptions triggered by the escalating Iran conflict.
The company’s Chief Executive, Goh Miah Kiat, on Tuesday says rising costs of raw materials—particularly synthetic rubber—are forcing price adjustments across global markets.
“The situation is very fragile. We have no choice but to transfer costs,” he says.
Karex, which produces over five billion condoms annually for brands such as Durex and Trojan, warns further increases may follow if disruptions persist.
The conflict, involving the United States, Israel and Iran, has disrupted key global trade routes, particularly the Strait of Hormuz, a major oil transit corridor.
These disruptions have driven up energy costs and constrained logistics networks, affecting manufacturing worldwide.
In Nigeria, where premium brands like Durex dominate urban markets, the increase could significantly impact affordability.
Market checks show current prices ranging from ₦3,500 for smaller packs to as high as ₦58,000 for larger variants. A 30 per cent hike could push top-end prices above ₦75,000.
Economists warn that rising inflation and declining purchasing power may further limit access to contraceptives.
Public health experts caution that reduced condom use could increase risks of unintended pregnancies and sexually transmitted infections.
