Australia books publishing market dominated by household purchases, accounting for 61% of sales in 2010
Publishing of Books in Australia: ISIC 2211 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-01 17:20:04
Despite the soaring popularity of e-books and audio books, the Australian market for publishing of books continued to see healthy average annual growth of 5% over 2000-2010 to reach more than A$6 billion by the end of the latter year. Demand in the reviewed market is divided between commercial and private consumers.
By the end of the review period 61% of demand was attributed to household purchases, while 35%was generated by commercial consumers. The remaining 4% of total sales was represented by purchases for investment purposes; however, this share saw declining importance over the review period.
Among the most important factors for the development of the market is authors´ rights protection. The position of domestic producers improved faster than the overall market. The turnover of local producers expanded at an average annual rate of 7% over the review period.
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