Forecast: Output of Publishing in Canada

The output of the publishing sector in Canada showed notable variances over the past decade. In 2013, the output stood at 17.88 billion Canadian Dollars, experiencing marginal fluctuations until 2017 when a significant increase of 7.26% marked the beginning of a growth trend. The years leading up to 2023 witnessed consistent year-on-year increases, including a substantial 10.84% rise in 2019. By 2023, the value reached 26.74 billion Canadian Dollars. Over the last five years, the CAGR was 5.51%.

The forecast from 2024 to 2028 anticipates a continued upward growth with a 5-year CAGR of 2.92%, culminating in a total growth rate of 15.49% by 2028.

Future trends to monitor:

• Impact of digital transformation on traditional publishing models
• Shifts in consumer preferences towards e-books and audiobooks
• Economic conditions affecting disposable income and spending on publications
• Developments in self-publishing platforms and their market influence
• International market dependencies and potential export opportunities for Canadian publishers