U.S. Book Sales Fell 1.8% in 2009

The Association of American Publishers reports that U.S. book sales fell 1.8% in 2009.

Here's an excerpt from the press release:

The Association of American Publishers (AAP) has today released its annual estimate of total book sales in the United States. The report, which uses data from the Bureau of the Census as well as sales data from eighty-six publishers inclusive of all major book publishing media market holders, estimates that U.S. publishers had net sales of $23.9 billion in 2009, down from $24.3 billion in 2008, representing a 1.8% decrease. In the last seven years the industry had a compound annual growth rate (CAGR) of 1.1%.

Trade sales of adult and juvenile books were steady at $8.1 billion in 2009, CAGR fell to 1.8 percent. Adult Hardbound books showed healthy growth of 6.9%, $2.6 billion in 2009, however paperbound books for adult fell 5.2% to $2.2 billion. Hardbound books in the children and young adult category fell 5.0% to $1.7 billion while their paperbound equivalent grew 2.2% to $1.5 billion. . . .

Mass Market paperbacks decreased 4.0% and brought the category CAGR to -2.2%. Total sales were $1.0 billion in 2009. . . .

Educational sales in the Elementary and High School (El-Hi) category, those books produced for K-12 education, fell 13.8% to $5.2 billion in 2009, and CAGR for this category was -1.4%. The Higher Education category, which includes sales of college textbooks reached $4.3 billion this year up 12.9% on 2008. This brought the CAGR for college textbooks to 5.0%.