Dried & instant noodles inflation in Qatar stood at -18.760% 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 279 dried & instant noodles SKUs from companies such as Samyang, Nongshim and Koka 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 Family offered lowest prices of the total SKUs within the dried & instant noodles category from October through December 2023, followed by Carrefour Qatar and Lulu-Qatar. According to the analysis, the price range of $5 and below was the most competitive, with 256 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, Family had greatest share of lowest prices for individual SKUs in dried & instant noodles in Qatar in Q4 2023.
Analysis of the quarterly price data showed that no discounts were offered for dried & instant noodles category by the retailers tracked by GlobalData. Among variants, the tracker revealed vegetable and canton as the most popular (by number of SKUs) dried & instant noodles variants. These were priced 19.14% lower than the average price of a dried & instant noodles SKU.
Among the e-retailers tracked by GlobalData, the leading ones, based on the number of SKUs, were Family, Carrefour Qatar, Lulu-Qatar, Getit and PANDA QATAR. According to the analysis, Getit had the lowest average unit price, while the retailer with the widest product assortment was Family.
The report brings attention to the intricate pricing dynamics within the dried & instant noodles market, examining both the SKU and retailer levels, and offering invaluable insights for stakeholders. Notably, Family, Carrefour Qatar and Lulu-Qatar stood out as prominent e-retailers, providing competitive pricing for a substantial number of dried & instant noodles SKUs. However, to comprehensively grasp dried & instant noodles market in Qatar, continuous tracking of SKU pricing over time is necessary.
For a more detailed analysis of pricing trends in the Qatar dried & instant noodles market, buy the report here.