Savory biscuits inflation in Saudi Arabia stood at -10.140% 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 104 savory biscuits SKUs from companies such as Halwani & Tahhan, Carrefour and Carrefour Bio 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 Carrefour offered lowest prices of the total SKUs within the savory biscuits category from October through December 2023, followed by Danube and Souq-Saudi Arabia. According to the analysis, the price range of $5 and below was the most competitive, with 92 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, Carrefour had greatest share of lowest prices for individual SKUs in savory biscuits in Saudi Arabia in Q4 2023.
Analysis of the quarterly price data showed that no discounts were offered for savory biscuits category by the retailers tracked by GlobalData. Among variants, the tracker revealed milk; rusk and original; crackers as the most popular (by number of SKUs) savory biscuits variants. These were priced 63.47% lower than the average price of a savory biscuits SKU.
Among the e-retailers tracked by GlobalData, the leading ones, based on the number of SKUs, were Carrefour, Danube, Souq-Saudi Arabia, Othaim Markets and . According to the analysis, Othaim Markets had the lowest average unit price, while the retailer with the widest product assortment was Carrefour.
The report brings attention to the intricate pricing dynamics within the savory biscuits market, examining both the SKU and retailer levels, and offering invaluable insights for stakeholders. Notably, Carrefour, Danube and Souq-Saudi Arabia stood out as prominent e-retailers, providing competitive pricing for a substantial number of savory biscuits SKUs. However, to comprehensively grasp savory biscuits market in Saudi Arabia, continuous tracking of SKU pricing over time is necessary.
For a more detailed analysis of pricing trends in the Saudi Arabia savory biscuits market, buy the report here.