By Porter Anderson, Editor-in-Chief | @Porter_Anderson
Print and Digital Sales Up 5 Percent RespectivelyReleased this morning (April 21) in London by the Publishers Association, the 2021 report on the United Kingdom’s industry shows a 5-percent gain in sales for publishers last year, reaching £6.7 billion (US$8.75 billion), a record for the industry. Those welcome figures include books, journals, rights, and co-edition sales.
In income terms, the jump came to 7 percent or £2.7 billion (US$3.5 billion), with the total export figures rising 2 percent to £3.8 billion (US$4.9 billion).
A quick-read “Publishing in 2021” infographic version of the report’s top-line points notes that the gains the UK industry is celebrating occurred not only during the second key year of the still-ongoing coronavirus COVID-19 pandemic, but also as the industry was being dogged by “widespread, ongoing challenges with the global supply chain.”
In reference to that success, Bonnier Books’ CEO Perminder Mann, who is the chair of the consumer publishers council, is quoted, saying, “This is testament to the enduring appeal of books: in times of uncertainty they offer comfort and escapism, as well as great value for money.
“While social media [have] long been described as a distraction to reading, the #BookTok phenomenon has shown these two forms of media needn’t compete, with TikTok’s organic community of book lovers continuing to drive sales across publishers’ front and backlists.”
Broken down into some specific categories of format and genre, the association is highlighting these figures. Note in the accompanying graphic the differences in home-market sales and exports.
- Total print up 5 percent to £3.5 billion (US$4.6 billion)
- Total digital up 5 percent to £3.2 billion (US$4.2 billion)
- Audio downloads up 14 percent to £151 million (US$197 million)
In content classifications:
- Consumer books up 4 percent to £2.2 billion (US$2.9 billion)
- Fiction up 7 percent to £733 million (US$957 million)
- Nonfiction up 1 percent to £1.1 billion (US$1.4 billion)
- Children’s books up 7 percent to £425 million (US$555 million)
Lotinga: ‘Properly Regulate the Tech Giants’
Publishers Association CEO Stephen Lotinga says, “2021 was another tremendous year for UK publishing.
“Our outstanding authors provided readers with the entertainment and comfort they so badly needed as the pandemic continued. It’s been particularly interesting to see TikTok communities driving new interest in books, particularly in fiction and YA titles.”
He adds, without naming Amazon.co.uk, “While the industry has done well during the pandemic, we’ve also seen further consolidation of sales on a single digital market platform.
“Such a lack of competition cannot benefit readers in the long term and that’s why it’s more important than ever that the government meet its commitment to bring forward new powers to properly regulate the tech giants in the forthcoming queen’s speech.”
Lotinga is alluding there to the government’s Competition and Marketing Authority, which a year ago published its intent for its new Digital Markets Unit, an office devised “to operationalize the future pro-competition regime for digital markets.”
Consumer, Education, Academic Publishing
In today’s media messaging, the association also breaks out some marquee numbers for the market’s 2021 performance in consumer, education, and academic publishing.
From those breakouts, you’ll notice a rare decline from today’s report, as digital publishing took a slight 1-percent step back in digital publishing in the first category, trade publishing.
Trade Commercial Consumer Publishing
- UK market up 2 percent to £1.5 billion (US$1.9 billion)
- Export market up 8 percent to £727 million (US$949 million)
- Print up 5 percent to £1.8 billion (US$2.3 billion)
- Digital down 1 percent to £416 million (US$543 million)
Here, we see that educational publishing sales remain below their £668 million level of 2019 (US$872 million), the only sector, according to the association, which has yet to return to pre-pandemic levels of performance.
- Total education publishing income up 5 percent to £552 million (US$720 million)
- UK market up 12 percent to £198 million (US$259 million)
- Export market up 1 percent to £354 million (US$461), and the association notes that this is “much lower than £482 million in 2019” (US$628 million)
- Print up 1 percent to £467 million (US$609 million), noted as “much lower than £606 million in 2019” (US$790 million)
- Digital up 28 percent to £85 million (US$111 million)
- Total academic publishing income up 4 percent to £3.5 billion (US$4.5 billion)
- UK market up 14 percent to £1 billion (US$1.3 billion)
- Export market £2.4 billion (US$3.1), no change
- Print £862 million (US$1.2 billion), no change
- Digital up 5 percent to £2.6 billion (US$3.4 billion)
- Books up 8 percent to £1.1 billion (US$1.4 billion)
- Journals up 2 percent to £2.3 billion (US$2.9)
More information from the Publishers Association is here.
More from us on the coronavirus COVID-19 pandemic and its impact on international book publishing is here.