What is the value of trade between Italy and Canada? The answer comes from Hostmilano, which continues its international process to find lively fields of exchange between our country and the rest of the world.
Italy is an important partner in trade relations with Canada, so that for products related to the sectors represented by the HostMilano event, a transaction value of more than 113 million euros was recorded, which flows from Italy to Canada. Bakery and coffee machines are number one in terms of sales. This conclusion is confirmed by platform data Export planning Reported by HostMilan Who declares how this value will rise to 179 million euros in 2025, at a compound annual rate of change (CAGR) of +12.1%.
In particular, the most important sector in terms of Italian export value in the Canadian market Professional catering, almost 53 million euros realized last year and will be almost 97 million euros in 2025 (CAGR: +16.4%). Exports to Canada account for 1.3% of total Italian exports in the sector, while Italy’s market share is 1.9%, dominated by American competitors (37.5% of the market) and the Chinese (34.6%). Among the most interesting segments of Made in Italy exports, we find refrigeration equipment (11.8 million euros in 2021, +45.4% CAGR with strong growth to 2025); Sales in the electric cooker, hobs and ovens segment were also good (16.8 million euros in 2021).
Focus on good performance: from bread makers to coffee machines
From a privileged observatory HostMilan Canada can find segments of the hospitality world that contribute to making Italy a top business partner in providing high-performance products and after-sales assistance. Here are the best fields:
there Bakery-Pastry (23.9 million euro Italian exports in 2021, expected to reach 28.7 million in 2025, CAGR +4.7%), see Italy First place overall among business partners of the Canadian market with a 25.5% share in 2021, with a share expected to reach 24% by 2025, a record confirmed even in the forecast scenario. Bakery machinery is the most relevant segment with exports of 22.2 million euros in 2021 (expected to rise to almost 27 million euros in 2025). Canada instead covers 2.9% of Italian export destinations.
Dept Coffee Machines – Vending Machines Exports from Italy to Canada amounted to 18.3 million euros in 2021 and are expected to grow to nearly 29 million euros in 2025, at a CAGR of +12%. This corresponds to a market share of 12.2%, Ranked second among partner countries Behind the US, the first with a 63.4% share.
Most of the flows are represented by exports of coffee machines and other professional cooking equipment (15.5 million euros in 2021, increasing to more than 25 million in the 2025 scenario, corresponding to a +13.2% CAGR). At this level, the sector represents 1.4% of total Italian exports to Canada.
l’Table furniture (18 million euros in 2021 and growth projections to 24 million in 2025), with a share of 0.8% of the total imported from Canada, a sector that has to deal with competition from products from China (comprising 52% of the market) and the United States (24.5%). Home textiles and glassware and tableware (both expected to account for 10 million euro of Italian exports in 2025) are the most relevant product segments; Cutlery and Cutlery is expected to have the most favorable growth dynamics (CAGR +11.4%) in 2025.
HostMilan 2023 is already back on track for the next meeting at Fieramilano from 13 to 17 October. The 43rd edition will showcase all existing HORECA supply chains: professional catering, bakery, pizza, pasta, coffee, tea, bar, coffee machines, vending, ice cream confectionery, furniture, technology and tableware.
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