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RELEASED: December 2008
After researching the UK book publishing market development and taking into account various other factors the following conclusions can be drawn from MBD's report:
MARKET REVIEW 2004-2008:
In 2008, the UK market for books is projected to decline by a moderate 1% to £3437 million. Prior to this, growth was recorded in each year between 2004 and 2007, with annual growth levels peaking at 5% in the latter year. Stronger growth evident in 2007 is partly attributable to the substantial demand for the final book in JK Rowling’s Harry Potter series.
MARKET FORECAST 2009-2013:
The UK market for books is expected to demonstrate real term growth throughout the forecast period, albeit at moderate annual levels of between 1% and 3%. This moderate growth reflects the relative maturity of the book market along with the anticipated effects of the economic downturn on consumer spending. Nevertheless, overall demand in the book market is projected to reach £3796 million (at 2008 prices) in 2013, representing an increase of 3% in the year and of a cumulative 10% in real terms compared with 2013.
NOTE TO EDITORS:
MBD specialises in business to business market research. The range of reports and industries in which we operate in constantly expanding (our portfolio comprises of more that 140 titles). All our reports are written by in-house market consultants.
Click here for full details of the UK Book Publishing Market Research Report
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