Market Report: Modest Growth in Italy’s Publishing Sector

In News by Porter Anderson

After losses of almost €556 million, Italy’s book publishing market grew in 2015 and 2016 for the first time since 2010.

From ‘Report on Publishing in Italy’ 2016

By Porter Anderson, Editor-in-Chief | @Porter_Anderson

A Market ‘Limited to Its Linguistic Area’
For the first year since 2010, Italian publishing—including books and digital publishing content, miscellaneous, and educational content—saw positive financial returns in 2015 and the first half of 2016. These latest numbers come from a new report released by the Italian Publishers Association (AIE).

Aldus, a network of European book fairs, provides a highlight in English of the report here.

These are key points from the report:

  • We’re not talking about a big jump, but it’s in the right direction: AIE is registering growth in 2015 of 0.5 percent for the overall market.
  • Including non-book products, second-hand books and remainders, the figure moves to 0.7 percent for physical and digital booksellers and for “large scale retailers.”
  • Children’s books, as in other markets, seem to be leading the way, with growth of 16.9 percent on titles and an increase of 7.9 percent market share.
  • An increase in ebooks of 21 percent is included.
  • Export rights of Italian content are reported to have risen at a rate of 11.7 percent.
  • Maybe most encouraging, the association is citing a 1.2 percent growth in readership—adding 283,000 people—and a jump of 1.5 percent in overall numbers of titles published.

That small percentage of readership growth is important because, as some of the discussion in a 16-page PDF in English, only some 42 percent of Italians—about 24 million people—are understood to be readers. This means that among some of the world’s biggest publishing markets, Italy has what the report terms “the weakest potential.”

And even though digital in Italy still is growing, that growth “continues to be slower than anticipated.” If ebooks and digital products comprise 11 percent of the market, in other words, the €279 million represented by that sector doesn’t yet offset losses in more traditional formats.

Still, this is an upbeat report.

From ‘Report on Publishing in Italy’ 2016

Drivers and Challenges

What seems to be driving these forward leaning dynamics?

The overview cites:

  • A stable number of active publishers, at 4,608 companies, each of which produces at least one title per year;
  • A print title count of 65,000 in 2015, with 63,000 ebook editions; and
  • A rise in titles for young readers.

In a candid introduction to the English summation of the report, we read this:

“The fact is that Italian publishing suffers from certain “genetic faults”. First among them is the fact of being the only publishing industry among major western nations which has a market limited to its own linguistic area and one, furthermore, with low levels of readership, given that 58 percent of the population say that they read no books.

“In addition, the level of general literacy is continually below the average for OECD countries. One thing is certain: if we are to talk about recovery, it’s taking place against a competitive background – both domestic and international – which is radically different from that of 2010: new assortments and literary genres; changes equally great in numbers of titles and print runs; commercial spaces and services profoundly re-imagined; customer communications aimed at a more fluid public.”

And no one in the AIE’s work on this report seems to want to overstate the newly reported modest if hopeful growth. “Growth continues in 2016, but remains weak,” some of the text says, with a nod to economic “recovery difficulties for consumers in all sectors.

Echoing the message heard at The FutureBook Conference earlier this month in London, the summary includes a note about digital and analog: “Paper and digital have become simply part of the environment in which the reader/customer exists,” in the Italian market, “not rivals but interchangeable depending on the occasion or needs of the moment.”

And in the end, perhaps as a cautionary message to other international book markets so beset today by competitive and enticing media outside of publishing, this line has resonance: “The low reading index” long observed in the Italian population “represents the main problem for growth in Italian publishing in that it means having a market which is potentially more restricted than that of other comparable European publishing industries.”

The 16-page English discussion of AIE’s report is here.

About the Author

Porter Anderson

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Porter Anderson has been named International Trade Press Journalist of the Year in London Book Fair's International Excellence Awards. He is Editor-in-Chief of Publishing Perspectives. He formerly was Associate Editor for The FutureBook at London's The Bookseller. Anderson was for more than a decade a senior producer and anchor with, CNN International, and CNN USA. As an arts critic (Fellow, National Critics Institute), he was with The Village Voice, the Dallas Times Herald, and the Tampa Tribune, now the Tampa Bay Times. He co-founded The Hot Sheet, a newsletter for authors, which now is owned and operated by Jane Friedman.