Explosive Growth In Audiobook Titles
Brings Estimated $1.3 Billion Sales In 2013
October 8, 2014
(VOXtra) - If you're narrating audiobooks, your job market keeps getting bigger and bigger.
The Audio Publishers Association (APA) today reports that twice as many audiobooks were published in 2013 than in 2012, "marking two years in a row that the industry has doubled the number of titles published."
Estimated audiobook retail sales in 2013 totaled $1.3 billion.
This comes from the APA's 2014 Annual Survey of Members, conducted last spring by Management Practice, an independent research firm.
Based on the data from reporting publishers, the report finds 35,713 titles were published in audiobook format in 2013 - more than double the number from the previous year’s 16,309.
The growth is explosive, considering that only 6,200 titles were released in 2010.
SALES & DIGITAL DOWNLOADS RISE
Also in the APA sales report:
Net sales in dollars are up 12% over the prior year’s revenues. Based on the net sales from the reporting publishers to the annual survey, the APA estimates industry retail sales at $1.3 billion.
Returns continued to decrease in 2013 - down to 7.5 %, which is one-third of the return rate a decade ago. This all-time low rate of return can be attributed in part to the rapid rise in sales of digital audiobooks.
The digital download continues to reign supreme with a full 70% of all audiobooks sold being in the digital format. Revenues from digital audiobooks are also on the rise. Downloads represented 62% of net sales in 2013 vs. 54% in 2012.
The unabridged format still dominates, with 91% of units sold being unabridged.
Fiction titles still far surpass non-fiction, with nearly 80% of all audiobook units sold being works of fiction.
"These patterns have held steady with virtually no change in statistics year over year," the APA notes.
The APA is a not-for-profit trade association that advocates the common, collective business interests of audio publishers. Members include audio publishing companies and allied business including voice actors.
For information about the APA, please visit www.audiopub.org.
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