Market trends (2021)

The books market grew by 14.7% versus 2020 and by 18.5% versus 2019 – a year unaffected by the pandemic and free of the COVID-related distortions when comparing results – so consolidating the positive trend experienced throughout the year.

The Media relevant market performed as follows in 2021:

  • the advertising market posted an increase: for digital activities of 17.6% and for magazines of 3.6%;
  • the magazines circulation market declined by 7%;
  • the add-on sales market reported a negative 7% (-8.4% for add-ons bundled with magazines, -2.7% for those with newspapers).

Market's evolution

1Q22FY219M211H211Q21FY209M201H201Q20FY199M191H191Q19FY18
 Trade books -1.6% +14.7% +25.3% +36.8% +5.4% +3.6% +3.3% -3.8% -10.1% -9.6% +5.5% +4.6% +4.0% +0.8%
Media
  • Circulation**
-8.8%-7.7%-6.9%-6.9%-7.6%-11.8%-12.0%-11.3%-8.8%-12.4%-12.3%-12.3%-13.5%-8.6%
  • Advertising

Print

-2%-3.6%+4.2%+3.9%-32.2%+36.6%-40.3%-41.5%-12.2%-13.9%-15,2%-15.4%-13.1%-8.2%

Web

+3.5%+17.6%+24.0%+29.3%+6.4%+0.8%-7.1%-17.2%+4.8%+3.5%+2.1%+2.0%+3.0%+4.5%
  • Add-ons
-6.9%-4.7%-4.4%-5.7%-9.6%+17.5%-0.6%-3.7%-2.1%-11.9%-7.9%-6.9%-5.6%-18.2%

* As of May 2019, GfK expanded its coverage panel by increasing the survey of e-commerce operators; as a result, the overall market value and the relative yoy differences were re-profiled and the details by channel were revised by merging book chains and e-commerce.

* *Starting from 1H 2016, the % variations refer to the whole circulation market trends (newstands + subscriptions)

Sources
Trade book: GFK (mkt value, sell-out data)
Media: circulation (newstands + subscriptions), internal estimate (value) – advertising, Nielsen (value)