Nuts and seeds inflation in South Africa 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 82 nuts and seeds SKUs from companies such as Woolworths, Safari and Simba 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 Woolworths-South Africa offered the lowest prices of the total SKUs within the nuts and seeds category from April through June 2023, followed by Makro and Pick n Pay. According to the analysis, the price range of $5 and below was the most competitive, with 63 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, Woolworths-South Africa had the greatest share of lowest prices for individual SKUs in nuts and seeds in South Africa 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 roasted & salted and raw cashew as the most popular (by number of SKUs) nuts and seeds variants. These were priced 26.24% lower 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 Woolworths-South Africa, Makro, Pick n Pay, and . According to the analysis, Makro had the lowest average unit price, while the retailer with the widest product assortment was Woolworths-South Africa.
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, Woolworths-South Africa, Makro and Pick n Pay 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 South Africa, continuous tracking of SKU pricing over time is necessary.
For a more detailed analysis of pricing trends in the South Africa's nuts and seeds market, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s online price intelligence platform helps users analyze price leadership and price gaps, as well as visualize product variants at the SKU level, across multiple geographies, retailers, and categories. The platform, a product of Consumer Intelligence Center provides price insights from more than 370 online retailers across 44 countries.
