Just Released: 2014 Statistics From U.S. Publishing Industry’s Annual Survey Released Today, Includes Section on E-Book Subscription Services
A nice helping of new statistics today from the Association of American Publishers. Of special note are the sections on audiobooks and ebook subscription services.
From the AAP:
The U.S. book and journal publishing industry generated $27.98 billion in net revenue for 2014, representing 2.70 billion in units (volume), according to StatShot Annual, a yearly statistical survey of publishing’s estimated size and scope released today by the Association of American Publishers (AAP). This represents a slight revenue increase of 4.6% from 2013, which was $26.75 billion. The figures include trade (fiction/non-fiction), K-12 instructional materials, higher education course materials, university presses, and professional books.
2014 Overview: Net Revenue and Unit Growth
2012 2013 2014 Total net revenue $27,722,633,482 $26,749,773,222 $27,977,219,642 Total net units 2,726,057,573 2,606,975,062 2,700,245,640
The industry’s relative revenue growth was largely due to a 4.2% increase year-over-year within the Trade category (chart below). Trade revenues were $15.43 billion, compared to $14.81 billion in 2013. The largest area of growth within trade was the children & young adult books category.
Trade Category: Net Revenue and Unit Growth
2012 2013 2014 Trade net revenue $15,706,398,133 $14,808,303,286 $15,426,208,252 Trade net units 2,474,995,518 2,325,386,435 2,421,896,606
Children & Young Adult: Greatest Area of Growth in Trade
The area of largest growth for the trade category was children & young adult, which had double-digit growth in both revenue (20.9%) and units (13.5%). Children & young adult fiction surpassed the adult fiction market with 843 million units and 746 million units sold respectively.
Within the children’s fiction category, paperback and hardback were the most popular formats, selling about 438 million units and 240 million units respectively. Downloaded audio and eBooks added significant growth in 2014 as well.
eBooks, Hardbacks and Paperback Show Steady Market Growth
After slightly declining last year, eBooks experienced 3.8% revenue growth to an estimated $3.37 billion dollars. It’s worth noting that though the volume increased only slightly (.2%), over 510 million eBooks were sold in 2014. That’s nearly on-par with the number of hardbacks (568 million) sold in 2014. This number doesn’t account for eBooks consumed through subscription services.
Paperbacks, which remain the most popular format, also saw strong sales at $4.84 billion compared to $4.42 billion and units sold at 942 million compared to 882 million in 2013.
Downloaded Audio Grew Significantly 2014
Though this category is relatively small (48 million units) compared to downloaded eBooks (510 million units), downloaded audio continued its multiyear growth track. The category hit record growth in both units (27.0%) and revenue (26.8%) over 2013. While the category has been growing steadily and significantly, physical audio slightly declined.
Subscription Services Tracked
For the first time, audio and eBook subscription services were tracked by StatShot. Approximately 20 publishers who are currently in the business of providing their books via eBook subscription service provided data on this small, but growing, part of the market. Subscription audiobooks were more popular than eBooks here, with 3.88 million audiobooks and more than 2.47 million eBook units sold.
Retail Sales Up, but Online Still Top for Sales
After years of decline, physical retail stores saw an increase of 3.2% in revenue ($3.80 billion from $3.68 billion) and 4.1% in units (577 million from 554 million) in the trade category.
Online retail remained the top sales channel for customers in the trade category, selling 832 million units and providing $5.90 billion in revenue. The channel numbers reflect how publishers get books into the marketplace, not retailers’ revenue from consumers. While StatShot channel sales data can provide directional information about trends, the data is limited for trade books, as much of the business occurs through wholesale and distribution.
About Gary Price
Gary Price (firstname.lastname@example.org) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. Before launching INFOdocket, Price and Shirl Kennedy were the founders and senior editors at ResourceShelf and DocuTicker for 10 years. From 2006-2009 he was Director of Online Information Services at Ask.com, and is currently a contributing editor at Search Engine Land.