In November 2024, BUCO led the year-on-year basket price decreases among the four hardware stores in The Brief survey.
For November 2024, BUCO demonstrated a 17.98% drop from November 2023 to November 2024 and a notable month-on-month decrease of 14.72%.
Key contributors to BUCO’s year-on-year decline included the Aluminum Sliding Door (Bronze), which decreased from N$ 2901.07 to N$ 2814.59, the Ceiling Board, down from N$ 308.99 to N$ 249.99, and the Aluminum Window (Bronze), which fell from N$ 1186.80 to N$ 901.07.
In the second place, Buildit recorded a year-on-year basket decrease of 8.34% and a slight month-on-month decrease of 1.25%.
Significant items in Buildit’s price reduction included the Copper Tube, down from N$ 774.64 to N$ 638.81, the Door Frame Steel, which decreased from N$ 577.86 to N$ 529.82, and Paint, which dropped from N$ 1111.67 to N$ 1057.11.
However, two stores in the survey reported a year-on-year increase in their basket.
Ark Trading saw a year-on-year basket increase of 3.22%, although it recorded a month-on-month basket decrease of 7.94%.
Items driving Ark Trading’s year-on-year increase included the Copper Tube, rising from N$ 570.55 in 2023 to N$ 622.55 in 2024, the Aluminum Sliding Door, up from N$ 2673.49 to N$ 2779.84, and the Aluminum Window (Bronze), which increased from N$ 931.09 to N$ 1010.67.
Pupkewitz Megabuild posted the largest year-on-year increase, with a basket rise of 7.68% and a month-on-month jump of 13.69%.
Key price hikes for Pupkewitz Megabuild included the Copper Tube, which rose from N$ 531.94 to N$ 720.75, the Aluminum Sliding Door (Bronze), up from N$ 2357.99 to N$ 3054.14, and the Lockset Lever, increasing sharply from N$ Roofing Galvanized IBR rising to N$ 590.94 to N$ 698.04.
Overall, BUCO’s competitive pricing on high-demand items underscored its significant year-on-year basket decline, while the increasing prices in Pupkewitz Megabuild’s basket reflect an upward trend across specific building essentials.
Commodity Spotlight
For November 2024, the Commodity Spotlight focuses on the Brickforce 7MPA.
We will look at assessing its average price over the 17-month survey period. Ark Trading emerged as the most affordable option, with an average price of N$ 2.54.
Pupkewitz Megabuild followed with an average of N$ 2.94, while BuildIt recorded an average of N$ 3.04. BUCO had the highest average price, at N$ 3.07.
This survey draws data from four hardware stores: BuildIt, BUCO, Pupkewitz Megabuild, and Ark Trading. Conducted monthly by The Brief, it began in June 2023 to evaluate a basket of comparable hardware items that customers are likely to purchase each month.
The survey’s primary goal is to help shoppers identify which hardware wholesaler offers the most affordable basket of building materials for a given month. Additionally, the survey tracks changes in the basket to analyze both overall basket trends and individual item variations on a month-by-month and now on a year-on-year basis.
The following items are in the basket:
- Roofing Galvanized IBR
- Copper Tube 460 Class 0
- Aluminium Window (Bronze)
- Aluminium Sliding Door (Bronze)
- Brick 7 MPA
- Brickforce 150 MM 15M ROLL
- Brickforce 75MM 15M ROLL
- Lintel concrete 1200X110X75MM
- Lintel concrete 1800X110X75MM
- Lintel concrete 900X110X75MM
- Ceiling Board 1200X3000X6.4MM
- Door Frame Steel 813X2032X115X1MM
- Lockset 2 lever
- Door Hardboard Interior 813 X 2032 MM
- 32.5 Cement Ohorongo
- 42.5 Cement Ohorongo
- Paint 20 liters
