The Association of American Publishers (AAP) today released the StatShot Annual report covering the calendar year 2022, estimating that the U.S. book publishing industry generated $28.10 billion industry-wide during the year, a decline of 2.6% as compared to 2021. In spite of the slight decline, total industry revenue remained 8.6% higher than the $25.87 billion total recorded for the year of 2019, just prior to the onset of the pandemic.
“During the year the publishing industry continued to show considerable resilience, with total revenues still above pre-pandemic levels,” commented Syreeta Swann, Chief Operating Officer, Association of American Publishers. “The fact that the five-year trend also shows consistent growth suggests that the industry is well positioned to weather a challenging economic environment and an evolving marketplace over the long haul.”
Estimated Industry Revenue for 2022 was $28.10 Billion
*Industry-wide revenue declined by 2.6% during the year, going from $28.85 billion in 2021 to $28.10 billion in 2022.
*During 2022 the industry’s largest category, Trade (consumer books), decreased by 6.6% to $17.36 billion in terms of estimated revenue.
*Higher Education revenue decreased 7.2% to $3.18 billion.
*PreK–12 Education increased 16.6% to $5.61 billion.
*Professional books decreased by 6.0% to $1.47 billion.
*Religious Presses, a subcategory of Trade, decreased 6.0% to $1.27 billion.
*University Presses, the smallest category reported, declined by 7.7% to $414 million.
2022 Revenues Still Above Pre-Pandemic Levels
*While the 2022 StatShot Annual report found a slight decline in overall revenue on a year-over-year basis, total industry revenue ($28.10 billion) was still well above pre-pandemic levels, with the 2022 figure coming in 8.6% higher than 2019 ($25.87 billion), and 8.7% higher than 2020 revenues ($25.86 billion).
much more at: https://publishers.org/news/aap-statshot-annual-report-publishing-revenues-totaled-28-10-billion-for-2022/