It might seem that most everyone reads e-books on their tablet these days, but surprisingly, sales of digital books are down. Current liabilities are generally paid out of current assets or through creation of other current liabilities. This percentage, also known as "return on total investment," is a relative measure of profitability and represents the rate of return earned on the investment of total assets by a business. This website uses cookies to improve your user experience while you navigate through the website. Figure 1: Short, medium and long-term impact of COVID-19 on books and e-books, prepared 2 November 2020, Increased appetite for reading books to limit impact of bookstore closures on print sales, Figure 2: UK publishers UK sales of consumer print books, (net invoiced value), 2015-25, Figure 3: UK publishers UK sales of consumer digital books (net invoiced value), 2015-25, Bookshop.org launches in UK to combat Amazon’s dominance, Bloomsbury paints a very positive picture as publisher reports best six months in years, Many book buyers have increased the number of books they have bought since the outbreak of COVID-19, Figure 4: Impact of COVID-19 on book purchasing, 16-26 July 2020, In July nearly half of people had been to a bookstore or expected to go to one soon, Figure 5: Bookstore visiting following COVID-19 outbreak, 16-26 July 2020, High levels of concern about the safety of bookstores, Figure 6: Concerns about COVID-19 and bookstores, 16-26 July 2020, 2020 sees slight growth in number of people buying books, Figure 7: Book buying habits, April 2018, May 2019 and 16-26 July 2020, More people read/listened to a book in 2020 than 2019, Figure 8: Devices used for e-books and audiobooks, April 2018, May 2019 and 16-26 July 2020, More audiobooks are being listened to via a subscription service, Figure 9: E-book paid-for subscriptions, April 2018, May 2019 and 16-26 July 2020, Figure 10: Audiobook paid-for subscriptions, April 2018, May 2019 and 16-26 July 2020, Some may not yet know if they enjoy listening to books, Figure 11: Barriers to purchasing books, 16-26 July 2020, Need for distraction is most common reason for reading books in the previous 12 months, Figure 12: Reasons for reading books, 16-26 July 2020, Book readers consider reading books to be more beneficial than watching content, Figure 13: Attitudes towards reading books, 16-26 July 2020, Taking on Amazon as the pandemic boosts the retailer’s dominance of the book market, Trust in people’s enduring appreciation of print books and bookstores, High digital sales limit impact of bookstore closures, Amazon’s dominance of book market boosted by outbreak, Print and digital book sales were strong in 2019 despite weakness in fiction sales, Impact of bookstore closures offset by strong digital sales, Figure 14: Short, medium and long-term impact of COVID-19 on books and e-books, prepared 2 November 2020, Figure 15: UK publishers UK sales of consumer print books, (net invoiced value), 2015-25, Figure 16: UK publishers UK sales of consumer print books, (net invoiced value), 2015-25, Figure 17: UK publishers UK sales of consumer digital books (net invoiced value), 2015-25, Figure 18: UK publishers UK sales of consumer digital books (net invoiced value), 2015-25, Figure 19: Key drivers affecting Mintel’s market forecast, 2015-24 (prepared on 20 October 2020), Figure 20: UK total consumer market for print books, 2005-10, Children’s print books see greatest growth in 2019, Figure 21: UK publishers UK sales of consumer print books, by category (net invoiced value), 2015-19, Sales of non-fiction digital books grow 15% in 2019, Figure 22: UK publishers UK sales of consumer digital books, by category (net invoiced value), 2015-19, Fiction to have a stronger showing in 2020, Figure 23: UK publishers sales of digital consumer books (UK and export), by format (net invoiced value), 2014-19, Timeline of COVID-19’s impact on the books market, Bookstore re-opening causes surge in demand and congested calendar, New lockdown creates uncertainty heading towards Christmas period, Figure 24: Impact of COVID-19 on time spent doing media activities, 2-14 July 2020, Figure 25: Impact of COVID-19 on amount spent on media content, 2-14 July 2020, Amazon will have grown print book market share since outbreak, Figure 26: Where people buy print books, April 2018, Independent bookshops hit hard by pandemic after years of growth, Emergency funding provided by major players, the government and consumers, UK government removes VAT on e-books early, Bookstores struggle due to lockdowns and reduced footfall, Major publishers report better than expected financial results, Utilising virtual events to keep connection with customers, Blackwell’s reports a third year of growth in 2019, Figure 27: Best sellers in books on Amazon.co.uk, 2019 and 2020, BLM movement encourages purchase of more anti-racist books, More new releases in Audible’s top-seller list, Figure 28: Top-20 audible.co.uk best sellers in 2020 (until 23 October 2020), Major publishers navigate COVID-19 challenge, Bloomsbury paints a positive picture with its best six months in years, Bloomsbury’s success is not representative of all publishers, Hachette UK revenue falls 3% in first half of 2020, HarperCollins global revenue declines 3% in Q2 2020, Simon & Schuster’s global revenue falls 8% in Q2 2020, Hachette introduces new development programme for BAME authors, Audible introduces new unlimited subscription option to US, Apple Book partners with Oprah for cross-service promotion, Providers offer free books at the beginning of lockdown, Associated Newspapers launches Mail Bookshop, Overall adspend on books set to go down in 2020, Figure 29: Above-the-line and online display advertising expenditure on books, 2019 and 2020 (up to 9 November), Figure 30: Top 10 advertisers in the books market, 2016-20, Shift in adpsend from outdoor to digital in 2020, Figure 31: Above-the-line and online display advertising expenditure on books, by media types. Accept all cookies. The higher the percentage, the better profitability is. Sales within the manufacture of motor vehicles, trailers and semi-trailers industry saw the largest decline, falling by £3.5 billion in 2019 to an overall total of £53.2 billion. (All Other Assets & Adjustments * 100) / Total Assets. 118.6 million domestic overnight trips were made in the UK in 2018, down 2% vs. 2017. The most up to date snapshot of the UK’s trade and investment position, summarising trade statistics produced by ONS, HMRC, DIT and others. Examples of such items are plant, equipment, patents, goodwill, etc. UK book sales fell for the first time in five years in 2018, despite the success of bestsellers such as Michelle Obama’s autobiography, Becoming. Bookstores, especially independent bookstores, have been dealt a harsh blow by the pandemic, which will continue to be very difficult to navigate. It excludes assets held for rental purposes. The lower the ratio, the more solvent the business is. Written by Rebecca McGrath, a leading analyst in the Media sector, her extensive knowledge delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers. Who is the consumer and what do they want? Dataset | Released on 20 November 2020 Detailed revisions analysis for three months, Great Britain; includes a 12-month comparison. Valuation of net fixed assets is the recorded net value of accumulated depreciation, amortization and depletion. Net fixed assets represent long-term investment, so this percentage indicates relative capital investment structure. Added link to Farming statistics - land use, livestock populations and agricultural workforce as at 1 June 2020, England. Keywords: RSI, internet sales, goods bought, buying, spending The UK publishing industry saw total print book sales of £2.9 billion in 2018. And although neither global radio revenues nor global concert ticket sales are increasing at the same r… This percentage represents tangible assets held for sale in the ordinary course of business, or goods in the process of production for such sale, or materials to be consumed in the production of goods and services for sale. Biggest companies in the Book Publishing industry in the UK, Collection Period for Accounts Receivable (Days), Revenue to Closing Inventory (Inventory Turnover), Administration & Business Support Services, Professional, Scientific & Technical Services, Specialist Engineering, Infrastructure & Constractors, Market Size Statistics for Book Publishing in the UK. This ratio is also known as "inventory turnover" and is often calculated using "cost of sales" rather than "total revenue." This is an efficiency ratio, which indicates the average liquidity of the inventory or whether a business has over or under stocked inventory. This statistic shows the number of VAT and/or PAYE based store enterprises specializing in the retail sale of books in the United Kingdom in 2020, by employment size band. Our tables of data are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts. The U.S. book industry generated over 25 billion U.S. dollars in 2019. This ratio is relevant for all industries. Statistics are released at 9:30am on the dates below. The larger the ratio, the more able a firm is to cover its interest obligations on debt. While most venues reopened during the summer of 2020, recovery efforts have been hampered by capacity restrictions, consumer wariness and new regional and national lockdowns. As of July 2020, 29% of print book buyers had bought more print books after the outbreak of COVID-19 than they would have if the outbreak had not occurred, while only 13% had bought fewer. With this IBISWorld Industry Research Report on , you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions. (Current Bank Loans * 100) / Total Assets. This highlights the resilience of the print market, even when facing the closure of bookstores. IBISWorld reports on thousands of industries around the world. This percentage represents all other assets not elsewhere recorded, such as long-term bonds. We'll assume you're ok with this, but you can opt-out if you wish. The main impact of COVID-19 on the UK books market has been the closure of bookstores pushing sales online, further boosting the role of Amazon. 2.9. However, companies within the same industry may have different terms offered to customers, which must be considered. (Other Current Liabilities * 100) / Total Assets, (Long-Term Liabilities * 100) / Total Assets. This figure expresses the average number of days that receivables are outstanding. 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