Vietnam: Condom Market 2024

Condom Market Size in Vietnam

In 2022, the Vietnamese condom market increased by X% to $X, rising for the fourth year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Condom consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Condom Production in Vietnam

In value terms, condom production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Condom Exports

Exports from Vietnam

Condom exports from Vietnam surged to X units in 2022, with an increase of X% on the year before. Over the period under review, exports, however, showed a abrupt slump. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, condom exports soared to $X in 2022. Overall, exports, however, continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Bangladesh (X units), South Korea (X units) and Turkey (X units) were the main destinations of condom exports from Vietnam, together comprising X% of total exports. Brazil, Sri Lanka, Ecuador and Russia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for condom exported from Vietnam were Bangladesh ($X), South Korea ($X) and Turkey ($X), with a combined X% share of total exports. Brazil, Sri Lanka, Ecuador and Russia lagged somewhat behind, together comprising a further X%.

Ecuador, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average condom export price stood at $X per thousand units in 2022, which is down by X% against the previous year. Over the period under review, the export price, however, saw a modest expansion. The growth pace was the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per thousand units in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Russia ($X per thousand units) and Brazil ($X per thousand units), while the average price for exports to Ecuador ($X per thousand units) and South Korea ($X per thousand units) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (X%), while the prices for the other major destinations experienced more modest paces of growth.

Condom Imports

Imports into Vietnam

For the third year in a row, Vietnam recorded growth in purchases abroad of condoms (sheath contraceptives), which increased by X% to X units in 2022. In general, imports recorded resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, condom imports skyrocketed to $X in 2022. Over the period under review, imports saw a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Thailand (X units) constituted the largest supplier of condom to Vietnam, accounting for a X% share of total imports. Moreover, condom imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X units), eightfold. Malaysia (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Malaysia (X% per year).

In value terms, Thailand ($X) constituted the largest supplier of condoms (sheath contraceptives) to Vietnam, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the average condom import price amounted to $X per thousand units, reducing by X% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, condom import price decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per thousand units. From 2021 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per thousand units) and Japan ($X per thousand units), while the price for Thailand ($X per thousand units) and Malaysia ($X per thousand units) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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