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SIGEP 2022: THE ECONOMIC OUTLOOK OF THE DOLCE FOODSERVICE SECTOR
Press release n. 9 of the 22/12/2021 14.45.08 ( download )
Positive indicators in 2021 for Italian Exhibition Group´s Sigep supply chains: artisan gelato, pastry, bakery, chocolate and coffee. The return to Rimini Expo Centre from 22nd to 26th January 2022
Rimini, 22nd December 2021 . Business indicators for the supply chains at Sigep (the International Artisan Gelato, Pastry, Bakery, Chocolate and Coffee Show, organized by Italian Exhibition Group, whose 43rd edition is to be held at Rimini Expo Centre from 22nd to 26th January) are positive. Artisan gelato parlours were on the rise in the first half of 2021 with 248 business locations. This sector, together with pastry shops with which it shares the same ATECO code, showed a total of 19,110 business premises. Italy is still a leader in machinery and technology for artisan production: 75% of production goes to foreign markets. The overall value of the pastry industry in Italy was 20 billion euros prior to the pandemic. A chocolate record with a value of 2 billion. In 2020, the Italian milling industry produced 8 million tons of wheat flour. World coffee production was up by more than 3 million sacks (1 sack = 60 kg on average). But let´s go in order.
In the first half of 2021, 19,110 gelato and pastry shops were registered with 25,497 local units (source: Infocamere). Of the total 19,110 businesses, 14,388 (75.3%) were artisan businesses; 5,893 (30.8%) had female owners; 1,982 (10.4%) had owners under 35 years of age; 1,148 (6.0%) were foreign owners.
According to an estimate by CGIAA in Mestre, in 2020, 85% of the total ATECO codes in the sector were gelato parlours. If we project this percentage onto the total number of business premises in the first half of 2021, the number of activities in Italy that were producing and selling artisan gelato directly to the public was 15,927, an increase of 248 premises compared to the same date in the previous year.
According to estimates drawn up on association sources by the SIGEP Observatory, in Italy, up until 2019, artisan gelato (gelato parlours with own production and resale outlets only) counted more than 39 thousand businesses with an annual turnover of 4.2 billion and directly employed 75 thousand people. Overall, 2019 saw a global growth of 6% compared to the previous four years in the number of points of sale worldwide. As of June 2021, 75% of gelato production machinery is exported abroad with a recovery in the German market and an exploit in South Korea.
According to an estimate by Sistema Gelato (a supply chain business developer), every time a point of sale opens abroad, there is a knock-on effect of +500,000 euros between machinery, display cases, equipment and ingredients for supply chains in Italy (from machinery to ingredients).
ARTISAN PASTRY AND CHOCOLATE
There are 31,652 Italian companies in the pastry sector giving work to 171,132 people, 119,584 of whom are regularly employed. The total turnover (2018 data, source: Confartigianato) was 20.1 billion. Artisan panettone, a leavened Christmas cake, recorded a growth of 1.6% in Italy in 2020, covering 52% of the market for a value of 109 million euros. The total market, including the industrial product, was just over 26 thousand tons in 2019 for a turnover of 209 million euros. (source: Nielsen - Csm Bakery Solutions).
As for chocolate, the bar format recorded the highest growth in 2020 with +4%, reaching a value of 540 million on the Italian market, which was worth almost 2 billion overall. With an average consumption of 4.9 kg per household compared to 11 kg in the rest of Europe, Italian consumers prefer premium, organic and sugar-free qualities (source: Euromonitor International).
The Italian soft and durum wheat milling industry represented by Italmopa . Industrial Association of Italian Millers, a member of Federalimentare and Confindustria, is a strategic department within the national food sector with about 11,000,000 tons of wheat processed into about 8,000,000 tons of soft wheat flour and durum wheat semolina in 2020.
Of these 8,089,000 tons, 3,883,000 tons of flour were produced, of which 2,227,764 were used for bread and substitutes, 760,456 for biscuits and leavened products, 301,852 for pizzas, pasta and other uses, 297,928 for domestic use, 200,000 for exports and 95,000 for pasta. The remaining 4,206,000 tons were semolina products used for pasta (3,855,000 tons), bread (179,125 tons), exports (117,500 tons) and household consumption (54,375 tons).
On a global scale, the price of coffee increased reaching a high in November 2021 compared to the last decade: 195.17 US cent/lb, up 7.5% from 181.57 US cent/lb in October 2021. World coffee consumption is estimated to have increased by 3.14 million sacks, recording 167.67 million sacks in 2020/21 compared to 164.53 million sacks in 2019/20 (source: ICO).
There were 174 thousand coffee bars in Italy in 2020 with a turnover of 6.6 billion per year related to coffee alone, selling around 6 billion cups.
SOURCES: Acomag . Fipe . Nielsen CSM Ingredients . Confartigianato . Italmopa . Assitol . Aig . ICO
FOCUS ON SIGEP 2022
Date: 22-26 January 2022; Organizer: Italian Exhibition Group SpA; edition: 43rd; frequency: annual; info:
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FOCUS ON ITALIAN EXHIBITION GROUP
Italian Exhibition Group S.p.A., a joint stock company listed on Euronext Milan, a regulated market organised and managed by Borsa Italiana S.p.A., has, with its facilities in Rimini and Vicenza, achieved national leadership over the years in the organisation of trade shows and conferences. The development of activities abroad - also through joint-ventures with global or local organisers, in the United States, United Arab Emirates, China, Mexico and India, for example . now sees the company positioned among the top European operators in the sector.
This press release contains forecast elements and estimates that reflect the management´s current opinions (´forward-looking statements´), particularly regarding future management performance, realization of investments, cash flow trends and the evolution of the financial structure. For their very nature, forward-looking statements have a component of risk and uncertainty, as they depend on the occurrence of future events. The effective results may differ (even significantly) from those announced, due to numerous factors, including, only by way of example: food service market and tourist flow trends in Italy, gold and jewellery market trends, green economy market trends; the evolution of raw material prices; general macroeconomic conditions; geopolitical factors and evolutions in the legislative framework. Moreover, the information contained in this release, does not claim to be complete, and has not been verified by independent third parties. Forecasts, estimates and objectives contained herein are based on the information available to the Company as at the date of this release.