Chutneys & relishes inflation in Canada stood at 30.530% 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 310 chutneys & relishes SKUs from companies such as Bick’s, Compliments and Loblaws- No Name 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 Voila offered lowest prices of the total SKUs within the chutneys & relishes category from October through December 2023, followed by Real Candian Superstore and Atlantic SuperMarket. According to the analysis, the price range of $5 and below was the most competitive, with 249 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, Voila had greatest share of lowest prices for individual SKUs in chutneys & relishes in Canada in Q4 2023.
Analysis of the quarterly price data showed that no discounts were offered for chutneys & relishes category by the retailers tracked by GlobalData. Among variants, the tracker revealed sweet green; relish and kalamata; olives as the most popular (by number of SKUs) chutneys & relishes variants. These were priced 24.69% lower than the average price of a chutneys & relishes SKU.
Among the e-retailers tracked by GlobalData, the leading ones, based on the number of SKUs, were Voila, Atlantic SuperMarket, Real Candian Superstore, Plantx Canada and MetroCanada. According to the analysis, MetroCanada had the lowest average unit price, while the retailer with the widest product assortment was Voila.
The report brings attention to the intricate pricing dynamics within the chutneys & relishes market, examining both the SKU and retailer levels, and offering invaluable insights for stakeholders. Notably, Voila, Real Candian Superstore and Atlantic SuperMarket stood out as prominent e-retailers, providing competitive pricing for a substantial number of chutneys & relishes SKUs. However, to comprehensively grasp chutneys & relishes market in Canada, continuous tracking of SKU pricing over time is necessary.
For a more detailed analysis of pricing trends in the Canada chutneys & relishes market, buy the report here.