A typical survey will cost over a third more to conduct in the USA or Japan than it does in the UK, France or Germany, according to new research from ESOMAR, the World Association of Research Professionals. The 2003 Research Prices Study invited 407 member companies worldwide to quote for six different types of project.
An overall index for each country across all six projects shows a wide variation in the costs of research.
2003 RESEARCH PRICE OVERALL | |||
Average Index | Average Index | ||
USA | 242 | Italy | 92 |
Japan | 230 | Brazil | 88 |
Sweden | 180 | Mexico | 84 |
UK | 170 | Greece | 81 |
Australia | 166 | Portugal | 77 |
France | 158 | Czech Republic | 76 |
South Africa | 157 | China | 70 |
Germany | 152 | Turkey | 70 |
Belgium | 138 | Poland | 52 |
Netherlands | 137 | Russia | 50 |
Hong Kong | 123 | Ukraine | 48 |
Finland | 116 | Argentina | 47 |
Spain | 115 | India | 37 |
Austria | 105 | Bulgaria | 29 |
South Korea | 96 | ||
Source: 2003 ESOMAR Prices Study |
For each project, research companies were asked to say if they conducted that particular type of study frequently, occasionally or hardly ever. There is a strong correlation between this and the price quoted: a research supplier who conducts a study of a particular kind only rarely is likely to quote a price 62% higher than a supplier who does so frequently. The finding should encourage buyers to look for prior experience of a sector or technique when getting proposals and quotations.
There is no suggestion that the range of quotations is narrower in markets where research is better established, as might have been expected. Even in mature markets such as the USA and Germany, there is a wide variation in prices quoted by different research agencies.
The six projects for which quotations were invited were:
All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas unless otherwise stated.
Register (free) for Daily Research News
REGISTER FOR NEWS EMAILS
To receive (free) news headlines by email, please register online