Frankfurt, 26 March 2019 – the eBook market in Spanish-language regions also recorded exceptionally high growth in the 2018 financial year: The “5th Bookwire.es Report 2019. Evolution of the digital market (eBooks and audiobooks) in Spain and Latin America” by Bookwire Spain, in collaboration with Dosdoce.com, documents growth in turnover of 57 % in total – which is also due to relevant growth in subscription offers.
To draw up the industry report, Bookwire Spain and Dosdoce.com analysed the annual sales of around 400 Spanish and Latin American publishers for whom Bookwire Spain handles international distribution and sometimes also marketing. The standard work, which is already in its fifth year of publication, is available for any interested reader to download for free (you will find the link to the English report below).
The key findings at a glance:
From 7 % to 17 % - huge growth in turnover for subscription offers
Although Amazon, Apple, Google, Kobo etc. are still the most important distribution channels (80 %) for Spanish and Latin American publishers, distribution via subscription channels is playing an increasingly significant role: In 2018, 17 % of publishers’ digital turnover was achieved through subscription offers such as Scribd, Nubico, 24Symbols and Storytel, compared with 7 % in 2017 and just 5 % in 2016.
Total turnover for eBooks: 57 % increase in turnover in 2018
Publishers who are looked after by Bookwire Spain have recorded growth in turnover from eBooks of more than 50 %, for the fifth year in a row. If turnover in 2017 increased by 52 % compared with the previous year, growth in 2018 increased even further: 57 % more in comparison with 2017.
As in previous years, almost 50 % of digital turnover was generated outside of Spain. (2018: 49 %, 2017: 47 %) – Mexico is the most important market (15 %). 20 % was attributed to the other Spanish-speaking countries in South America. The market in the USA grew by 10 %, and Europe contributed 5 % to turnover from digital exports.
Sales figures for eBook licences to libraries also continued to rise to 7 % of total turnover (2017: 5 %; 2016: 2 %). According to information from the Spanish Ministry of Culture, eBook lending in libraries doubled in 2018 – from fewer than 500,000 to a million digital loans.
Price increase in Latin America; lower prices in Spain
Prices for eBooks in Spain fell in 2018 – by 60 Euro cents to an average of € 7.12 (incl. VAT). By contrast, the average price for an eBook sold by a Latin America publisher rose to € 7.07, compared with € 6.92 in 2017.
Listening is the new reading on the Spanish-language market
Audiobooks are booming – turnover of more than five million euro has so far been generated in Spain alone. Back in 2017 experts were already forecasting that turnover on the audiobook market would be between one and three million. Most audiobook publishers currently estimate that final accounts for 2018 in Spain will reveal a total of between three and five million euro.
As on all international markets, everything is pointing to a further increase in turnover with audiobooks by 20 % to 30 % in 2019, which would mean up to seven million euro on the Spanish market.
Subscription portals such as Storytel, Audible and Kobo are still the most important among the business models for audiobooks, followed by individual sales channels like Google Play or iTunes, and streaming platforms like Spotify, Deezer and similar.
“5th Bookwire.es Report 2019. Evolution of the digital market (eBooks and audiobooks) in Spain and Latin America” by Bookwire Spain and Dosdoce.com, available to download: http://bit.ly/BookwireESreport2019