Iced/rtd tea drinks inflation in Spain stood at -1.350% in April 2023, according to GlobalData’s report on the prices of stock keeping units (SKUs) supplied through online retailers. In Q4 2023, GlobalData monitored the pricing of 20 iced/rtd tea drinks SKUs from companies such as Nestea, Eroski and VIVER KOMBUCHA 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 SuperMercado offered lowest prices of the total SKUs within the iced/rtd tea drinks category from October through December 2023, followed by MERCADONA and . According to the analysis, the price range of $5 and below was the most competitive, with 19 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 Q4 2023.

Analysis of the quarterly price data showed that no discounts were offered for iced/rtd tea drinks category by the retailers tracked by GlobalData. Among variants, the tracker revealed lemon and peach as the most popular (by number of SKUs) iced/rtd tea drinks variants. These were priced 14.41% 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, , and . 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 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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