Figures released today by the Publishers Association shows that 2016 was a record breaking year for the publishing industry with sales of books and journals reaching £4.8bn [$6.16bn/USD], their highest ever level.
The increase in sales of 7% on the previous year is the largest growth in a decade, when in 2007 digital was first included.
Industry growth has been fuelled by success both home and abroad, with export sales rising by 6% to £2.6bn and now responsible for 54% of total revenues.
- Overall digital sales up 6% to £1.7bn despite a continuation of the drop in eBook sales down 3%
- Physical sales up by 8% to £3bn on last year rising to the highest level since 2012
- Europe remains the largest export market accounting for 35% of exports
- eBook sales were down by 3% to £538m continuing a trend seen for the first time last year. This was in large part down to a 17% drop in the total consumer eBook market to £204m
- Total consumer audio downloads continued to perform well up by a further 28% to £16m
- Total sales of academic/professional digital books were up by 6% to £277m
Overall academic and professional publishing was up by 10% to £2.4bn
- Publisher sales of academic and professional books rose 9% to £1.1bn
- Total income from journals rose 10% to £1.2bn
- Share of journal income from subscriptions fell to 79% while income from Open Access article processing charges increased by 46% to £81m
UK Publishing Has Record 2016, Sales Up 7% to £4.8bn (Ebook Sales Down 3%, Academic/Professional Publishing Up 10% )
Filed by April 26, 2017on