Fewer and fewer people reading books

in News · 18-09-2014 14:31:00 · 0 Comments

According to the Portuguese Association of Book Shop Owners, turnover in the Portuguese book market has been on the decline ever since peaking in 2008, and that while there is a growing number of e-books are being released, it is not enough to make up for the drop in sales of paper versions.

A study carried out by the association found that 2008 saw the highest ever book sales, generating €404 million that year, but over the next four years sales slid to €356 million in 2012, the latest year for which figures were available.
Sales at book shops alone hit their peak a year later in 2009, with €145 million in turnover, whilst 2012 saw a historic low of €126 million.
In terms of the number of book stores doing business in Portugal, the data stretches back to 2004 with the period seeing a total of 132 stores closing, leaving 562 open at the end of 2012.

The figures mean that Portugal has dropped below the European Union average in terms of book store numbers with the country experiencing a 9.1% contraction in the four years since 2008 whilst the continent as a whole saw a 15% rise in such outlets.
The association also added that while there had been a rise in the number of e-books coming onto the market that had not been enough to counterbalance the drop in their peers published on paper.
The study concluded with the warning that, with supermarkets and other retailers adopting discount cards and promotions, the long-term effects of the economic recession may prove very severe for independent retailers.



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