Oils and fats inflation in Canada 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 138 oils and fats SKUs from companies such as President’s Choice, Loblaws- No Name and Bertolli 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 Real Candian Superstore offered the lowest prices of the total SKUs within the oils and fats category from April through June 2023, followed by Atlantic SuperMarket and Valu Mart. According to the analysis, the price range of $5 and $10 was the most competitive, with 46 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, Real Candian Superstore had the greatest share of lowest prices for individual SKUs in oils and fats in Canada in Q2 2023.

Analysis of the quarterly price data showed that Atlantic SuperMarket offered the highest number of SKUs on discount among the listed SKUs for each retailer. Among variants, the tracker revealed extra virgin; olive and pure; canola as the most popular (by number of SKUs) oils and fats variants. These were priced 17.83% higher than the average price of a oils and fats SKU.

Among the e-retailers tracked by GlobalData, the leading ones, based on the number of SKUs, were Real Candian Superstore, Atlantic SuperMarket, Valu Mart, Costco Canada and . According to the analysis, Valu Mart had the lowest average unit price, while the retailer with the widest product assortment was Real Candian Superstore.

The report brings attention to the intricate pricing dynamics within the oils and fats market, examining both the SKU and retailer levels, and offering invaluable insights for stakeholders. Notably, Real Candian Superstore, Atlantic SuperMarket and Valu Mart stood out as prominent e-retailers, providing competitive pricing for a substantial number of oils and fats SKUs. However, to comprehensively grasp the oils and fats market in Canada, continuous tracking of SKU pricing over time is necessary.

For a more detailed analysis of pricing trends in the Canada's oils and fats market, buy the report here.

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