The chief executive of Karex, the world’s largest condom manufacturer, has cautioned that prices could rise by up to 30% or more if continued Iran-related tensions further disrupt access to essential raw materials.
Goh Miah Kiat said production costs have climbed sharply since the escalation of the conflict, placing pressure on the company’s global operations.
He noted that the situation is already affecting supply stability and manufacturing expenses.
Based in Malaysia, Karex produces more than five billion condoms each year and supplies well-known global brands including Durex and Trojan, in addition to public health systems such as the UK’s NHS.
Goh made the comments in interviews with Reuters and Bloomberg, while the BBC also reported that it had contacted the company for clarification.
The developments come as global oil markets remain volatile following Iran’s response to US and Israeli airstrikes, including threats targeting vessels in the Strait of Hormuz. The strategic waterway has seen significant disruption, further straining international supply chains.
Nearly 20% of global crude oil, liquefied natural gas, and other petrochemical products typically pass through the strait, making it a critical route for global energy trade.
Karex relies heavily on oil-based inputs such as ammonia, used in latex preservation, as well as silicone-based lubricants. Both materials have seen rising costs in recent months.
Goh also noted that demand for condoms has increased by about 30% this year, while higher shipping costs and logistical delays have compounded production pressures.
“In bad times, the need to use condoms is even more because you’re uncertain with your future, whether you’d still have a job next year,” he told Bloomberg.
“If you have a baby right now, you’ll have one more mouth to feed,” he added.
The potential price increase highlights how geopolitical tensions involving the US, Israel, and Iran are extending beyond energy markets and contributing to wider inflationary pressure on consumer goods.
Air travel costs have already been affected, with economy fares reportedly about 24% higher on average compared to last year, according to recent analysis.
Disruptions in Gulf shipping routes have also driven up fertiliser prices and caused shortages of helium, a key material used in semiconductor manufacturing.
Other industries are feeling similar strain, including bottled water producers, who are struggling with raw material sourcing.
Earlier this month, the United Nations warned that rising transport costs are expected to push up global prices for sugar, dairy, and fruit.
Meanwhile, diplomatic uncertainty continues over potential peace talks between the United States and Iran, after President Donald Trump indicated that a ceasefire extension would depend on progress in negotiations.
