Oils and fats inflation in Qatar stood at 0.070% 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 348 oils and fats SKUs from companies such as Lulu, Yara and Earth’s Finest 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 PANDA QATAR offered the lowest prices of the total SKUs within the oils and fats category from April through June 2023, followed by Lulu-Qatar and PANDA QATAR. According to the analysis, the price range of $5 and below was the most competitive, with 148 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, PANDA QATAR had the greatest share of lowest prices for individual SKUs in oils and fats in Qatar in Q2 2023.
Analysis of the quarterly price data showed that no discounts were offered for oils and fats category by the retailers tracked by GlobalData. Among variants, the tracker revealed pure; ghee and extra virgin; olive as the most popular (by number of SKUs) oils and fats variants. These were priced 22.62% 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 PANDA QATAR, Carrefour Qatar, Lulu-Qatar, Getit and Family. According to the analysis, Getit had the lowest average unit price, while the retailer with the widest product assortment was PANDA QATAR.
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, Carrefour Qatar, Lulu-Qatar and PANDA QATAR 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 Qatar, continuous tracking of SKU pricing over time is necessary.
For a more detailed analysis of pricing trends in the Qatar's oils and fats market, buy the report here.