By Porter Anderson, Editor-in-Chief | @Porter_Anderson
Two Views of the MarketTwo sets of US book sales analysis have met up today (August 18) in the weekly observations of Kristen McLean at NPD Books and the monthly StatShot assessments released by the Association of American Publishers.
The StatShot report approved for publication today is for the month of June.
The NPD Group’s print sales report is for the week ending August 8, and thus is much closer to real time.
What will be interesting to see is whether StatShot’s next two monthly reports reflect, or don’t, the NPD team’s observations that the American publishing industry is not only recovering but gaining on its performance last year.
NPD Books: ‘A Barn-Burner of a Week’
McLean writes in her print sales report that she’s looking at “16 weeks of steady growth” in the American market, “taking year-to-date up to 5.2 percent on a unit basis and completely erasing the losses when store closures and COVID-19 lockdowns were in full effect.”
Here’s a line that encapsulates the remarkable strides the market is making: “The industry is now ahead of its previous high for the week ending January 25.” It’s worth stopping to take that in.
While many book markets in the world publishing industry are struggling to regain their footing after taking devastating hits during coronavirus COVID-19 pandemic spread-mitigation efforts, the United States’ market has recouped losses from its relatively short lockdown periods and is ahead of where it was before the crisis.
What has made the week ending August 8 such a “barn-burner,” she reports, is a jump of 1.4 million units week-over-week—more than one-third of them going to Stephanie Meyers’ Midnight Sun, released by Hachette’s Little, Brown and Company Books for Young Readers on August 4. Bella and Edward’s love story is told in this, Book 5 of the Twilight series, from the vampire’s point of view. Some series, it seems, may live even longer than the undead.
McLean is adding a trend line for YA fiction as that category’s growth surges, driven, as she says, by Meyers’ new entry and Suzanne Collins’ latest, The Ballad of Songbirds and Snakes, a May 19 release from Scholastic in the Hunger Games series, which also shows vampiric stamina.
The Top 10 bestsellers from NPD in the week ending August 8 showed Midnight Sun at No. 1 and The Ballad of Songbirds and Snakes at No. 10.
In her discussion, McLean writes, “All of our super-categories saw growth this week, including adult nonfiction, the largest super-category, which is finally back in positive territory.
“This growth is built on another strong week in politics books, as well as brisk trade in civil rights and discrimination titles.”
And in that regard, McLean points out, she sees the energy of early August continuing into the autumn as more politics books come into the channels, notably Michael Cohen’s lengthily subtitled Disloyal: The Inside Story of the Real President Trump, by His Former Attorney And Personal Advisor—The Man Who Helped Get Him Into the Oval Office set for a September 8 release and Bob Woodward’s new Rage, scheduled for a week later, both from Simon & Schuster.
StatShot: June 2020
Looking then, at the wider report from the Association of American Publishers, the StatShot data as usual reflects trade (consumer publications), K-12 instructional materials, higher education course materials, professional publishing, and university presses.
- Trade sales were up 24.4 percent year-over-year, coming in at $700.3 million.
- And year-to-date, January to June, trade sales were $3.6 billion, indicating an increase of 2.8 percent, over the same time frame in 2019.
Total revenues across all categories for June 2020 came to approximately US$1.4 billion, which is a decline of 4.1 percent as compared to the previous year, June 2019.
Year-to-date sales were $5.7 billion, a decline of 4.2 percent as compared to the same period last year.
In format-specific data for the trade:
- Hardcover revenues were up 35.2 percent in June, to $227.6 million
- Board books were up 41.7 percent, at $12.1 million in revenue
- Paperback sales were up 22.9 percent, at $248.0 in revenue
In the year-to-date comparison compared to the same time frame in 2019:
- Hardcover revenues were $1.2 billion, down 0.8 percent
- Paperbacks were $1.2 billion, up 1.6 percent
- Mass market revenues were $108.9 million, down 2.7 percent
It’s interesting that the AAP StatShot sees ebook and downloaded audio revenues strong again in June and on a year-to-date basis, adding another piece, perhaps, to a growing jigsaw puzzle about what some think, may be a pandemic-accelerated level of digital adoption by consumers.
- Ebook revenues rose 39.0 percent in June by comparison to the same month in 2019, to $110.3 million.
- Year to date, ebooks were up 12.7 percent, at $544.5 million for the first six months of 2020.
- Ebook revenues in children’s and YA were up 132.5 percent in June at $14.6 million.
- Year to date, ebook revenues in children’s and YA categories were up 62.4 percent, January to June, at $61.6 million.
The fondly regarded audiobook category, of course, was also seeing gains.
Downloaded audio revenues were up 6.2 percent over June of 2019, at $54.1 million.
Year to date, downloaded audio was up 14.1 percent, as compared to January to June of 201, for a total $316.6 million.
Since 2012, the AAP points out, downloaded audio has seen continuous monthly growth. As always, however, it’s interesting to note that the format in June accounted for 7.7 percent of the overall market, with ebooks at 15.7 percent.
In religious presses, the StatShot report sees revenues up 50.0 percent year-over-year in June, coming in at $51.8 million, but roughly flat on a year-to-date basis with a decline of 0.6 percent, with revenues of $311.4 million for the first six months of the year.
Education, of course, remains a heavily embattled sector in publishing, something exacerbated by the pandemic-driven upheaval in normal schoolyear activities and scheduling—something we can expect will come even more heavily into play in the autumn as schools, colleges, and universities struggle with demands to reopen and the realities of the contagion’s power.
- Year-to-date, education revenues were down 15.9 percent, coming in at $1.9 billion.
- Revenues from higher education course materials were down 9.7 percent for the month, as compared to June of 2019, coming in at $176.7 million.
- PreK-12 instructional material revenues were down 29.7 percent for June 2020, at $419.8 million.
- Revenues from higher education course materials were up 4.8 percent to $951.3 million on a year-to-date basis.
- PreK-12 instructional material revenues were $909.4 million on a year-to-date basis, a drop of 30.3 percent compared to the first six months of last year.
- Professional books–including business, medical, law, technical, and scientific titles, declined 12.4 percent during the month, coming in at $63.1 million. The category was down 5.8 percent for the first half of the year, with $257.3 million in revenue.
- University presses were up 29.4 percent as compared to June of 2019, bringing in $4.9 million in revenue. On a year-to-date basis, University Presses declined 3.5 percent, bringing in $21.7 million for the first six months of 2020.
At this writing, the 7:27 a.m. ET update (1127 GMT) of the Johns Hopkins Coronavirus Resource Center sees the United States’ caseload at 5,444,115 confirmed cases, the largest number, of course, in the world, on a population of 328 million. The fatalities count is 170,559.
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