Vodka inflation in China stood at -6.120% 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 21 vodka SKUs from companies such as Absolut, Skyy and Smirnoff that were sold by e-retailers. Buy the report here.

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Premium Insights Quarterly Vodka pricing trends in China

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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 GZ Grocery offered lowest prices of the total SKUs within the vodka category from October through December 2023, followed by Epermarket and My dmart. According to the analysis, the price range of $15 and $20 was the most competitive, with 8 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, GZ Grocery had greatest share of lowest prices for individual SKUs in vodka in China in Q4 2023.

Analysis of the quarterly price data showed that no discounts were offered for vodka category by the retailers tracked by GlobalData. Among variants, the tracker revealed 40% alcohol and 40% alcohol; russian as the most popular (by number of SKUs) vodka variants. These were priced 1.03% higher than the average price of a vodka SKU.

Among the e-retailers tracked by GlobalData, the leading ones, based on the number of SKUs, were GZ Grocery, Epermarket, My dmart, and . According to the analysis, My dmart had the lowest average unit price, while the retailer with the widest product assortment was GZ Grocery.

The report brings attention to the intricate pricing dynamics within the vodka market, examining both the SKU and retailer levels, and offering invaluable insights for stakeholders. Notably, GZ Grocery, Epermarket and My dmart stood out as prominent e-retailers, providing competitive pricing for a substantial number of vodka SKUs. However, to comprehensively grasp vodka market in China, continuous tracking of SKU pricing over time is necessary.

For a more detailed analysis of pricing trends in the China vodka market, buy the report here.

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