World's largest condom maker Karex said demand was down in the last two years amid the COVID-19 pandemic. Getty ImagesThe Malaysian company itself had assumed at the start of the pandemic that demand would surge.
The company blamed hotel closures and the scaling down of government distribution programmes for lagging sales.
The Malaysian contraceptive company produces around 5.5 billion condoms a year and is a supplier to brands like Durex and ONE Condoms. It also produces its own condom brands. Karex had assumed at the start of the pandemic that condom demand would surge as people cooped up at home practice birth control due to economic uncertainty,
Explains the rate at which people were giving birth
'Slumped precipitously'... that really doesn't sound good in the context. 🤣
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