Dried & instant noodles inflation in Switzerland stood at -8.630% 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 22 dried & instant noodles SKUs from companies such as Thai Kitchen, Chop Stick and Coop-Karma 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 MIGROS ONLINE offered lowest prices of the total SKUs within the dried & instant noodles category from April through June 2024, followed by Coop At Home and Volg Shop. According to the analysis, the price range of $5 and below was the most competitive, with 21 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, MIGROS ONLINE had greatest share of lowest prices for individual SKUs in dried & instant noodles in Switzerland in Q2 2024.
Analysis of the quarterly price data showed that MIGROS ONLINE offered the highest number of SKUs on discount among the listed SKUs for each retailer. Among variants, the tracker revealed rice and udon as the most popular (by number of SKUs) dried & instant noodles variants. These were priced 17.25% 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 MIGROS ONLINE, Coop At Home, Volg Shop, NULL and NULL. According to the analysis, MIGROS ONLINE had the lowest average unit price, while the retailer with the widest product assortment was MIGROS ONLINE.
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, MIGROS ONLINE, Coop At Home and Volg Shop 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 Switzerland, continuous tracking of SKU pricing over time is necessary.
For a more detailed analysis of pricing trends in the Switzerland dried & instant noodles market, buy the report here.
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