The pandemic proved a prophylactic for condom profits.
The world’s largest condom manufacturer claims that business has gone financially flaccid amid the coronavirus pandemic, with sales declining as much as 40% over the past two years.
“A large portion [of condoms] is distributed by governments around the world, which have reduced [distribution] significantly during COVID-19,” Goh Miah Kiat, CEO of condom giant Karex, told Nikkei.
The Malaysian prophylactic purveyor reportedly produces over 5.5 billion condoms annually and operates in 140 countries worldwide. It also supplies fellow condom firms such as Durex, which has experienced a similar sales slump during the coronavirus pandemic.
While many would assume people would have nothing to do “but have sex” during lockdown, this was clearly not the case, according to Kiat.