Baking ingredients inflation in Qatar stood at 2.480% in April 2023, according to GlobalData’s report on the prices of stock keeping units (SKUs) supplied through online retailers. In Q4 2023, GlobalData monitored the pricing of 170 baking ingredients SKUs from companies such as Foster Clark’s, Dr. Oetker and Symega that were sold by e-retailers. Buy the report here.
Pricing is crucial, especially in a challenging economic climate, as competitive pricing and price leadership impact consumers’ choices. GlobalData’s pricing analysis reveals that Lulu-Qatar offered lowest prices of the total SKUs within the baking ingredients category from October through December 2023, followed by Carrefour Qatar and PANDA QATAR. According to the analysis, the price range of $5 and below was the most competitive, with 142 SKUs.
The chart below illustrates price leadership among the covered retailers which offer the highest number of low-priced products in the category. Of all retailers, Lulu-Qatar had greatest share of lowest prices for individual SKUs in baking ingredients in Qatar in Q4 2023.
Analysis of the quarterly price data showed that no discounts were offered for baking ingredients category by the retailers tracked by GlobalData. Among variants, the tracker revealed coconut milk powder and baking powder as the most popular (by number of SKUs) baking ingredients variants. These were priced 39.04% higher than the average price of a baking ingredients SKU.
Among the e-retailers tracked by GlobalData, the leading ones, based on the number of SKUs, were Lulu-Qatar, Carrefour Qatar, PANDA QATAR, Getit and Family. According to the analysis, Getit had the lowest average unit price, while the retailer with the widest product assortment was Lulu-Qatar.
The report brings attention to the intricate pricing dynamics within the baking ingredients market, examining both the SKU and retailer levels, and offering invaluable insights for stakeholders. Notably, Lulu-Qatar, Carrefour Qatar and PANDA QATAR stood out as prominent e-retailers, providing competitive pricing for a substantial number of baking ingredients SKUs. However, to comprehensively grasp baking ingredients market in Qatar, continuous tracking of SKU pricing over time is necessary.
For a more detailed analysis of pricing trends in the Qatar baking ingredients market, buy the report here.