First of all, we have to define what small really means and what statistics apart from any personal impressions and taste actually say: The flaccid size is irrelevant, some men have a rather small penis growing to enormous size when erect, on the other hand there are men with a rather impressive flaccid penis that just erects itself when aroused and doesn’t grow much in girth or length. Flaccid and erect size don’t correlate.
The question most men probably care for most. While many woman claim that penis size isn’t important for them and it’s all about the right technique and a loving partner treating them well, that’s only half the truth. In totally anonymous surveys, the number of women claiming that penis size is important for them, at least from a aesthetic viewpoint, is significantly higher than in face to face surveys. This fact doesn’t mean a smaller penis can’t satisfy a women, it doesn’t mean you can’t have a perfect sex life with a small penis, but the the harsh truth is: Size matters, at least for some women. No need to panic if you have a small penis, according to a combined study of several reasearch institutes since 1942, 85% of all women are happy with the penis size of their partner, while only 55% of all men are happy with their own penis. So, the percieved problem is bigger than the real one.