Nuts and seeds inflation in Australia stood at -0.050% 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 226 nuts and seeds SKUs from companies such as Honest to Goodness, Coles and 2 Die 4 Live Foods 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 Goodness offered the lowest prices of the total SKUs within the nuts and seeds category from April through June 2023, followed by Coles and Harris Farm. According to the analysis, the price range of $5 and below was the most competitive, with 66 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, Goodness had the greatest share of lowest prices for individual SKUs in nuts and seeds in Australia in Q2 2023.
Analysis of the quarterly price data showed that no discounts were offered for nuts and seeds category by the retailers tracked by GlobalData. Among variants, the tracker revealed organic; hazelnut kernel and salted; almond as the most popular (by number of SKUs) nuts and seeds variants. These were priced 32.4% higher than the average price of a nuts and seeds SKU.
Among the e-retailers tracked by GlobalData, the leading ones, based on the number of SKUs, were Goodness, Coles, Harris Farm, International Groceries and Copper & Oak. According to the analysis, Copper And Oak had the lowest average unit price, while the retailer with the widest product assortment was Goodness.
The report brings attention to the intricate pricing dynamics within the nuts and seeds market, examining both the SKU and retailer levels, and offering invaluable insights for stakeholders. Notably, Goodness, Coles and Harris Farm stood out as prominent e-retailers, providing competitive pricing for a substantial number of nuts and seeds SKUs. However, to comprehensively grasp the nuts and seeds market in Australia, continuous tracking of SKU pricing over time is necessary.
For a more detailed analysis of pricing trends in the Australia's nuts and seeds 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.
