Dried & instant noodles inflation in Spain stood at 2.250% 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 57 dried & instant noodles SKUs from companies such as yatekomo, Nissin and Hacendado 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 dried & instant noodles 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 56 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 dried & instant noodles 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 shrimp and chicken as the most popular (by number of SKUs) dried & instant noodles variants. These were priced 12.47% lower than the average price of a dried & instant noodles 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 dried & instant noodles 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 dried & instant noodles SKUs. However, to comprehensively grasp dried & instant noodles market in Spain, continuous tracking of SKU pricing over time is necessary.
For a more detailed analysis of pricing trends in the Spain dried & instant noodles market, buy the report here.
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