Forecast: Output of Publishing in Australia

The Australian publishing industry has shown significant fluctuations in output from 2013 to 2023. Notably, the value in 2023 stood at 15.42 billion AUD. The industry witnessed declining trends from 2013 to 2018, with the lowest point in 2017. From 2019 onwards, there has been a notable recovery marked by positive year-on-year variations, culminating in a 9.73% increase in 2023. The compound annual growth rate (CAGR) over the last five years (2019-2023) is approximately 12.39%.

Looking ahead, the forecasted data from 2024 to 2028 indicates a continued upward trend, with a forecasted 5-year CAGR of 5.64%, contributing to a total growth rate of 31.58% over this period. This suggests a stable and optimistic outlook for the Australian publishing industry.

Future trends to watch for in the publishing industry include:

• Continued digital transformation and growth of e-books and audiobooks.
• Increasing integration of artificial intelligence and machine learning in content creation and distribution.
• Expansion of cross-media collaborations and partnerships.
• Shifts in consumer behaviors and preferences, particularly among younger demographics.