UK Publishing has record year up 7% to £4.8bn

26 Apr 2017

26 April 2017

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, 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.

Highlights include:

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

Chief Executive of the Publishers Association, Stephen Lotinga, said:

“UK Publishing is a world leader and these figures confirm that the industry is flourishing due to the hard work and ingenuity of its superb publishing houses and workforce.

“All of us have at some point in our lives enjoyed the work of a great author, used a high quality textbook, or benefitted from the sharing of academic literature and that is only possible due to the continued success of the publishing industry.

“Whatever the makeup of the new government, they must ensure that any post-Brexit trade settlement it reaches with the EU and other countries reinforces this continued success.”

Members can access the full PA Publishing Yearbook 2016 using the following link.

ENDS

Notes to Editors

What has fuelled the increase in exports?

The strength of exports sales is particularly apparent within academic and research publishers.

Export figures for learned journals collected for the first time show 87% of revenues coming from exports.

However, many other areas of publishing have also seen substantial increases in their exports:

Exports of children’s books increased by 34% to £116m
Publishers of primary and secondary learning materials saw export sales rise by 11% to £144m, with digital exports increasing by 136%
Non-Fiction exports were up by 10% to £264m
Sales to East and South Asia were up 10% to £231m
Growth returned to North America with sales up 19% to £136m

What is happening with digital sales?

Digital sales also substantially increased in 2016 reflecting the significant investment publishers are making in new technology.

Overall digital sales increased by 6% to £1.7bn and account for 35% of total revenues.

The figures also show:

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

What’s the state of play with consumer publishing?

Overall consumer publishing performed well, rising by 5% to £1.8bn.

This was fuelled in large part by a return to growth for children’s books sales which increased by 16% to £365m
Non-fiction sales also rose by 9% to £884m
Fiction sales fell by 7% to £525m meaning the category has now dropped by 23% since 2012 signifying a continued shift in consumer spending.

What’s the state of play with educational publishing?

Overall educational publishing was up by 5% to £336m

While domestic sales saw a modest increase of 1%it was a strong rise in exports of 11% which drove overall growth
Exports were particularly strong to East and South Asia, up 27%, and South and Central America, rising 34%
Although digital remains a small proportion overall of educational publishing sales, it saw an increase of 25% in 2016

What’s the state of play with academic publishing?

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

The Publishers Association

The Publishers Association (the PA) represents book, journal, audio and electronic publishers in the UK, spanning fiction and non-fiction, academic and educational publishing. Our members include global companies such as Elsevier, Wiley, Pearson, Penguin Random House, Hachette and the University presses, as well as many independent publishing houses.