Andfcem Italy – Association of catering and catering equipment manufacturers brings together companies in the professional sector that represent the cooking, washing and cooling sector for all product lines, from food preservation to their processing, cooking and distribution, dishwashing and washing and linen processing.
Efcem works to support manufacturers in creating smaller and less energy-intensive equipment
Strong positive recovery in 2021
A sector that generates a turnover of over 5 billion euros per year with an export share of over 70%. A sector that, like everyone else, was hit by the outbreak of the pandemic, but was able to recover. “It is a very resistant universe – he explained in Milan Andrea Rossi, President of Efcem Italia, presents market data – In 2020, the crisis induced by Covid and the consequent closures of economic and commercial activities resulted in a decrease in turnover in the sector of around 20 percentage points. Furthermore, the efficiency of the use of invested capital fell by 22%, as well as operating margins and profitability, which fell to their lowest level in the last decade. Subsequently, with the gradual easing of restrictions, 2021 saw a strong positive recovery in revenue. In fact, the quarterly Efcem Italia survey in this year’s final balance sheet reported one full recovery from 2019 pre-pandemic data, however, the foreign trade data testified. On average in 2021, Italian exports of the sector recorded a growth of + 23.5% compared to 2020, at values of more than 14% higher than in 2019 “.
A big improvement
The estimates of revenue in the first quarter of 2022 formulated by the operators in the sector show values of 7% higher than in the corresponding period in 2019 and especially the comparable growth with reference to foreign markets, especially non-European ones, should be emphasized. The estimates of the order flow show + 16% compared to 2019. “All in all, a great recovery and a healthy sector», Rossi pointed out.
The challenges to face
Today, there are two main challenges that must be faced: energy component and computerization of plants. In Italy, the catering sector accounts for around 25% of total energy consumption in the national service sector. Figuratively speaking, its value corresponds to about 40% of the energy consumption of household appliances, however, with a number of users just over 1.5%.
Resumption of tourism
For over a decade, Efcem Italia has been working for support manufacturers in the production of smaller and smaller equipment energivorand with the creation of energy labeling, which will soon include an important part of the types of machines found in kitchen systems. The association’s goal is to guarantee equipment and systems that make it possible to reduce consumption by at least 30% from 2023. In a fluid and complex context such as the current one, however, it is difficult to outline a clear forecast scenario. In terms of the expected development of world trade in the sector, 2022 will show a slowdown (+ 4.2% on average for the year) compared to the strong recovery in 2021, to then highlight average annual growth of 4.7%, reached the threshold of 55 billion euros in 2026. On the export front of professional appliances, there was in the first quarter of 2022 a growth of 9% compared to the same period in 2021 and 13.6 compared to 2019. In absolute numbers look with optimism at the positive signs coming from the recent recovery in tourism, in which the catering sector is a backbone. Significant trend increases are highlighted above all by the sectors Cooking and heating (+ 21.3% compared to last year)Dishwashing (+ 24.4%) and Dishwashing and treatment (+ 20.1%).
Costs are skyrocketing
One topic of great attention will be how the sector will be able to transfer the significant cost increases experienced in the last year and a half downstream: an initial check on the sector’s profitability will come from the analysis of the 2021 accounts, as the association which every year sets out to develop. In early 2022, it should be noted that energy costs increased dramatically with effects on other industrial raw materials as well. Grows compared to the corresponding period in 2019 by 80% for stainless steel and for other raw materials (including energy) that are part of the sector’s production processes and 30% for electronic components.
Funding for investments in machinery
With the publication of the Budget Act, ie funds in support of Italian food and wine and pastries, also intended to finance investments in professional machinery. Efcem Italia is participating in the ministry’s work to develop criteria and methods for using the funds, which will be included in specific implementing decrees, which we hope will be published as soon as possible.