Book Market Expected to Grow 19% in 2022

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In 2022, the growth of prices for paper books are expected to be the highest that they have been for the past five years. This will serve as a growth driver for the whole book market, which is expected to increase by 19% to 118 billion rubles by the end of the year, media outlet “Vedomosti” reported, citing Evgeny Kapiev’s, the director or Eksmo publishing house (a part of Eksmo-AST publishing group, predictions. 

At the same time, in terms of actual physical books, the market will decrease by 6% to 252 million copies. According to the Eksmo-AST group, the average price increase for books from January to August 2022 was about 25%. Among the key factors that led to the rise in prices of paper books was an increase in the cost of paper and printing services. Since the beginning of the year, the cost of printing services increased on average by 15-20% and paper — by 4-50%.

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