UK publishing industry reports record-breaking year in 2022

The Guardian reports

There were 669m physical books sold in the UK last year, according to new figures from the Publishers Association

The UK publishing industry had a “record-breaking year” in 2022, with a total income of £6.9bn.

A Year in Publishing, a look at the state of the book market by trade body the Publishers Association , found that sales were up 4% from 2021In 2022, 669m physical books were sold in the UK, the highest overall level ever recorded.

The export market saw an increase of 8% in 2022, with £4.1bn in total sales. The UK’s biggest export was Alice Oseman’s Heartstopper, which was adapted for a hit Netflix show. A fifth book in the series is due to the be released later this year, and Oseman this month announced that there will be a sixth and final instalment.

However, domestic sales were down slightly, by 1% to £2.7bn, with increases in print sales driven by the export market.

In consumer books, print sales were up 2%, to £1.8bn, while digital sales were also up 2% to £423m and audio downloads saw an 8% increase to £164m. Fiction was up by 9% to £797m of sales, and children’s books were up by 1%. Non-fiction saw a decrease of 2%, but still accounted for £1bn.

Rebecca Smart, chair of the Association’s consumer publishers council and co-CEO of DK Books, said that while it was “disappointing to see a modest decrease in overall sales at home, it is great to see fiction and audio doing particularly well as people continue to seek entertainment and discovery through books”.

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https://www.theguardian.com/books/2023/apr/17/uk-publishing-industry-reports-record-breaking-year-in-2022?utm_source=Sailthru&utm_medium=email&utm_campaign=Lit%20Hub%20Daily:%20April%2017%2C%202023&utm_term=lithub_master_list