Carbonates inflation in China stood at -19.420% in April 2023, according to GlobalData’s report on the prices of stock keeping units (SKUs) supplied through online retailers. In Q2 2024, GlobalData monitored the pricing of 126 carbonates SKUs from companies such as Schweppes, Watsons and Bundaberg 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 GZ Grocery offered lowest prices of the total SKUs within the carbonates category from April through June 2024, followed by RT-MART and Epermarket. According to the analysis, the price range of $5 and below was the most competitive, with 82 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, GZ Grocery had greatest share of lowest prices for individual SKUs in carbonates in China in Q2 2024.
Analysis of the quarterly price data showed that RT-MART offered the highest number of SKUs on discount among the listed SKUs for each retailer. Among variants, the tracker revealed soda water and caffeine included/standard as the most popular (by number of SKUs) carbonates variants. These were priced 2.26% lower than the average price of a carbonates SKU.
Among the e-retailers tracked by GlobalData, the leading ones, based on the number of SKUs, were GZ Grocery, RT-MART, Epermarket, NULL and NULL. According to the analysis, Epermarket had the lowest average unit price, while the retailer with the widest product assortment was GZ Grocery.
The report brings attention to the intricate pricing dynamics within the carbonates market, examining both the SKU and retailer levels, and offering invaluable insights for stakeholders. Notably, GZ Grocery, RT-MART and Epermarket stood out as prominent e-retailers, providing competitive pricing for a substantial number of carbonates SKUs. However, to comprehensively grasp carbonates market in China, continuous tracking of SKU pricing over time is necessary.
For a more detailed analysis of pricing trends in the China carbonates market, buy the report here.
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