Nuts and seeds inflation in Saudi Arabia stood at -0.030% in April 2023, according to GlobalData’s report on the prices of stock keeping units (SKUs) supplied through online retailers. In Q2 2023, GlobalData monitored the pricing of 33 nuts and seeds SKUs from companies such as Al Mehbaj, Baja and Danube 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 Danube offered the lowest prices of the total SKUs within the nuts and seeds category from April through June 2023, followed by Souq-Saudi Arabia and Carrefour. According to the analysis, the price range of $5 and $10 was the most competitive, with 14 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, Danube had the greatest share of lowest prices for individual SKUs in nuts and seeds in Saudi Arabia in Q2 2023.
Analysis of the quarterly price data showed that no discounts were offered for nuts and seeds category by the retailers tracked by GlobalData. Among variants, the tracker revealed mixed nuts and pecan nuts as the most popular (by number of SKUs) nuts and seeds variants. These were priced 72.17% higher than the average price of a nuts and seeds SKU.
Among the e-retailers tracked by GlobalData, the leading ones, based on the number of SKUs, were Danube, Souq-Saudi Arabia, Carrefour, and . According to the analysis, Carrefour had the lowest average unit price, while the retailer with the widest product assortment was Danube.
The report brings attention to the intricate pricing dynamics within the nuts and seeds market, examining both the SKU and retailer levels, and offering invaluable insights for stakeholders. Notably, Danube, Souq-Saudi Arabia and Carrefour stood out as prominent e-retailers, providing competitive pricing for a substantial number of nuts and seeds SKUs. However, to comprehensively grasp the nuts and seeds market in Saudi Arabia, continuous tracking of SKU pricing over time is necessary.
For a more detailed analysis of pricing trends in the Saudi Arabia's nuts and seeds market, buy the report here.