Wet cooking sauces inflation in Israel stood at -0.010% 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 15 wet cooking sauces SKUs from companies such as Prinir, Arrighi and Osem 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 Yeinot Bitan offered the lowest prices of the total SKUs within the wet cooking sauces category from April through June 2023, followed by Keshet Teamim and Israeli Supermarket Online. According to the analysis, the price range of $5 and below was the most competitive, with 15 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, Yeinot Bitan had the greatest share of lowest prices for individual SKUs in wet cooking sauces in Israel in Q2 2023.
Analysis of the quarterly price data showed that no discounts were offered for wet cooking sauces category by the retailers tracked by GlobalData. Among variants, the tracker revealed margarita and pomegranate as the most popular (by number of SKUs) wet cooking sauces variants. These were priced 12.82% lower than the average price of a wet cooking sauces SKU.
Among the e-retailers tracked by GlobalData, the leading ones, based on the number of SKUs, were Yeinot Bitan, Keshet Teamim, Israeli Supermarket Online, and . According to the analysis, Yeinot Bitan had the lowest average unit price, while the retailer with the widest product assortment was Yeinot Bitan.
The report brings attention to the intricate pricing dynamics within the wet cooking sauces market, examining both the SKU and retailer levels, and offering invaluable insights for stakeholders. Notably, Yeinot Bitan, Keshet Teamim and Israeli Supermarket Online stood out as prominent e-retailers, providing competitive pricing for a substantial number of wet cooking sauces SKUs. However, to comprehensively grasp the wet cooking sauces market in Israel, continuous tracking of SKU pricing over time is necessary.
For a more detailed analysis of pricing trends in the Israel's wet cooking sauces market, buy the report here.