Meat inflation in Singapore stood at -10.630% 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 888 meat SKUs from companies such as Aw’s Market, Eater’s Market and HEGO that were sold by e-retailers. Buy the report here.

Smarter leaders trust GlobalData

Report-cover

Premium Insights Quarterly Meat pricing trends in Singapore

Buy the Report

Premium Insights

The gold standard of business intelligence.

Find out more

Pricing is crucial, especially in a challenging economic climate, as competitive pricing and price leadership impact consumers’ choices. GlobalData’s pricing analysis reveals that FairPrice offered lowest prices of the total SKUs within the meat category from October through December 2023, followed by Shopee Singapore and Cold Storage. According to the analysis, the price range of $5 and below was the most competitive, with 340 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, FairPrice had greatest share of lowest prices for individual SKUs in meat in Singapore in Q4 2023.

Analysis of the quarterly price data showed that no discounts were offered for meat category by the retailers tracked by GlobalData. Among variants, the tracker revealed luncheon and pork; luncheon as the most popular (by number of SKUs) meat variants. These were priced 16.41% higher than the average price of a meat SKU.

Among the e-retailers tracked by GlobalData, the leading ones, based on the number of SKUs, were FairPrice, Shopee Singapore, Cold Storage, RedMart and . According to the analysis, FairPrice had the lowest average unit price, while the retailer with the widest product assortment was FairPrice.

The report brings attention to the intricate pricing dynamics within the meat market, examining both the SKU and retailer levels, and offering invaluable insights for stakeholders. Notably, FairPrice, Shopee Singapore and Cold Storage stood out as prominent e-retailers, providing competitive pricing for a substantial number of meat SKUs. However, to comprehensively grasp meat market in Singapore, continuous tracking of SKU pricing over time is necessary.

For a more detailed analysis of pricing trends in the Singapore meat market, buy the report here.

Premium 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.

GlobalData

GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.