Thailand’s largest condom manufacturer has increased its production to meet global demands after Malaysia’s largest manufacturer stopped production.
Somdet Susomboon, director-general of the Department of International Trade Promotion, said on Monday that the manufacturer was forced to stop under Covid-19 lockdown measures implemented in the country.
However, he said, Thai Nippon Rubber Industry Public Co, has responded to the situation by boosting its production by 27 per cent with the aim of selling 1.9 billion condoms this year.
“Most, or 90 per cent of the orders came from the US, Japan and China, which gives Thai exporters the perfect opportunity to expand their shipments,” he said.
He added that despite toilet paper demand remaining the same in China, condom demand has increased.
“The value of the condom market next year is expected to hit US$9.41 billion [Bt301.3 billion], up 18.07 per cent year on year,” he said.
Somdet went on to say that last year, China imported $50.7 million worth of condoms and more than $443 million worth of natural rubber latex for condom production from Thailand, which accounted for 76.5 per cent of the country’s total imports worth $580 million.
“From January to February this year, China import of natural rubber latex was worth $63 million, $55 million of which was imported from Thailand,” he said.
He said that despite the Covid-19 crisis, there’s a new opportunity as condoms and natural rubber latex from Thailand are known for their quality across the world.
“Thai businesses are encouraged to monitor the global market closely, improve the product quality, seek new marketing channels and take advantage of technology to ensure consumers’ demands are met and Thailand can maintain its market share,” he said.
Manufacturers, exporters and anyone else interested can visit the department’s website for more details.
SOURCE: The Nation ThailandStay updated with Samui Times by following us on Facebook.
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