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However, Hoeness is not getting carried away following Shaqiri's fine form and has stressed the winger still has room for improvement.
"Shaqiri put in a good performance, but he is not at Ribery's level yet," Hoeness was quoted as saying by Bild.
"He still has a long way to go before he's on par with Ribery."
The 21-year-old, meanwhile, remains humble as he realises he faces a tough task to condemn Ribery to the bench.
He said: "It was a good game from me, but I still have room for improvement. It's not easy when a world-class player like Ribery is your biggest rival. He's a good friend, though."
Shaqiri has netted seven goals in 32 appearances in all competitions so far this term.