Consumers may soon feel the impact of rising condom prices as Karex, one of the world’s largest suppliers of condoms, warned of possible price increases ranging from 20% to 30%.
Karex supplies well-known global brands such as Durex and Trojan. The company said the expected price hike is due to disruptions caused by the closure of the Strait of Hormuz, a vital global shipping route for oil and petrochemical products.
According to reports, the disruption has resulted in a shortage of key petrochemical byproducts needed in the production of condoms, including materials used for synthetic rubber, silicone oil, and ammonia.
The ongoing conflict involving Iran has reportedly worsened the supply chain issue, affecting manufacturers worldwide and possibly leading to higher retail prices in the coming weeks.
Consumers are advised to monitor updates as the global supply situation continues to develop.
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