Chutneys & relishes inflation in China stood at -1.560% in April 2023, according to GlobalData’s report on the prices of stock keeping units (SKUs) supplied through online retailers. In Q2 2024, GlobalData monitored the pricing of 51 chutneys & relishes SKUs from companies such as Mezzetta, Kühne and Ficacci 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 Epermarket offered lowest prices of the total SKUs within the chutneys & relishes category from April through June 2024, followed by QX-era and GZ Grocery. According to the analysis, the price range of $5 and below was the most competitive, with 32 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, Epermarket had greatest share of lowest prices for individual SKUs in chutneys & relishes in China in Q2 2024.
Analysis of the quarterly price data showed that Epermarket offered the highest number of SKUs on discount among the listed SKUs for each retailer. Among variants, the tracker revealed black; olives and spanish; green; olives as the most popular (by number of SKUs) chutneys & relishes variants. These were priced 19.64% 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 Epermarket, QX-era, GZ Grocery, NULL and NULL. According to the analysis, QX-era had the lowest average unit price, while the retailer with the widest product assortment was Epermarket.
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, Epermarket, QX-era and GZ Grocery 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 China, continuous tracking of SKU pricing over time is necessary.
For a more detailed analysis of pricing trends in the China chutneys & relishes market, buy the report here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.