Iced/rtd tea drinks inflation in Spain stood at 0.000% 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 34 iced/rtd tea drinks SKUs from companies such as Nestea, Hacendado and Fuze Tea 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 SuperMercado offered lowest prices of the total SKUs within the iced/rtd tea drinks category from April through June 2024, followed by MERCADONA and Holland And Barrett. According to the analysis, the price range of $5 and below was the most competitive, with 32 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, SuperMercado had greatest share of lowest prices for individual SKUs in iced/rtd tea drinks in Spain in Q2 2024.
Analysis of the quarterly price data showed that NULL offered the highest number of SKUs on discount among the listed SKUs for each retailer. Among variants, the tracker revealed lemon and peach as the most popular (by number of SKUs) iced/rtd tea drinks variants. These were priced 21.38% higher than the average price of a iced/rtd tea drinks SKU.
Among the e-retailers tracked by GlobalData, the leading ones, based on the number of SKUs, were SuperMercado, MERCADONA, Holland And Barrett, NULL and NULL. According to the analysis, MERCADONA had the lowest average unit price, while the retailer with the widest product assortment was SuperMercado.
The report brings attention to the intricate pricing dynamics within the iced/rtd tea drinks market, examining both the SKU and retailer levels, and offering invaluable insights for stakeholders. Notably, SuperMercado, MERCADONA and Holland And Barrett stood out as prominent e-retailers, providing competitive pricing for a substantial number of iced/rtd tea drinks SKUs. However, to comprehensively grasp iced/rtd tea drinks market in Spain, continuous tracking of SKU pricing over time is necessary.
For a more detailed analysis of pricing trends in the Spain iced/rtd tea drinks market, buy the report here.
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