War on Iran Disrupts India’s Condom Industry
The country produces more than 6 billion condoms each year in a high-volume, low-margin market valued at $860 million. Production depends heavily on petrochemical inputs such as silicone oil and ammonia, which are essential for stabilizing raw latex.
Since Iran restricted passage through the Strait of Hormuz in response to US and Israeli airstrikes, the supply chain for these critical materials has been significantly affected. Industry officials described the situation as a “huge shortage” of silicone oil and projected a 40-50% price increase for ammonia.
Retail outlets in major cities including Mumbai and New Delhi are reportedly experiencing dwindling stock levels. In 2024, India produced 6.4 billion condoms, representing nearly 17% of global production, according to market data.
The disruption in oil supplies has also caused aviation fuel prices to surge. India’s Ministry of Petroleum and Natural Gas reported on Wednesday that fuel costs are expected to double to a record $2,224 per unit as of April 1. Domestic airlines will face a gradual increase, while international carriers will be charged the full market price.
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