Sparkling wine inflation in Japan stood at 31.490% in Q3 2024, according to GlobalData’s report on the prices of stock keeping units (SKUs) supplied through online retailers. In Q3 2024, GlobalData monitored the pricing of 12 sparkling wine SKUs from companies such as Kirkland Signature, Planeta and Pupitre that were sold by e-retailers. Buy the report here.
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Pricing is crucial, especially in a challenging economic climate, as competitive pricing and price leadership impact consumers’ choices. GlobalData’s pricing analysis reveals that Costco Japan offered lowest prices of the total SKUs within the sparkling wine category from July through September 2024, followed by Seiyu and Amazon Japan. According to the analysis, the price range of $5 and $10 was the most competitive, with 6 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, Costco Japan had greatest share of lowest prices for individual SKUs in sparkling wine in Japan in Q3 2024.
Analysis of the quarterly price data showed that no discounts were offered for sparkling wine category by the retailers tracked by GlobalData. Among variants, the tracker revealed brut and 11.5% alcohol; brut as the most popular (by number of SKUs) sparkling wine variants. These were priced 78.12% higher than the average price of a sparkling wine SKU.
Among the e-retailers tracked by GlobalData, the leading ones, based on the number of SKUs, were Costco Japan, Seiyu, Amazon Japan, and . According to the analysis, Costco Japan had the lowest average unit price, while the retailer with the widest product assortment was Costco Japan.
The report brings attention to the intricate pricing dynamics within the sparkling wine market, examining both the SKU and retailer levels, and offering invaluable insights for stakeholders. Notably, Costco Japan, Seiyu and Amazon Japan stood out as prominent e-retailers, providing competitive pricing for a substantial number of sparkling wine SKUs. However, to comprehensively grasp sparkling wine market in Japan, continuous tracking of SKU pricing over time is necessary.
For a more detailed analysis of pricing trends in the Japan sparkling wine market, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s online price intelligence platform helps users analyze price leadership and price gaps, as well as visualize product variants at the SKU level, across multiple geographies, retailers, and categories. The platform, a product of Consumer Intelligence Center provides price insights from more than 370 online retailers across 44 countries.
