The Frankfurt Book Fair New York Inc. was founded in 1998 as a non-profit organization and is one of four international Frankfurt Book Fair offices. The Frankfurt Book Fair New York Inc. (formerly German Book Office, GBO) is a liaison office for American editors, German rights directors, editors, and translators. With funding from the German Foreign Office, the New York office manages several projects such as the annual Editor’s trip, Festival Neue Literatur, translation workshops, Book of the Month Picks and promotes selected German titles from such lists as New Books in German , Children’s Books on Tour and Geisteswissenschaften International.
Selected cultural projects of the Frankfurt Book Fair New York Inc. are funded by
Trends in 2015/2016 included significant growth in downloaded audio sales and in adult books. The boom of eBooks, however, is declining. Adult non-fiction remains the largest print category. It is also the one with the largest gain over 2015 with a rise of 6.9%. Adult fiction declined slightly by 1.04%. The only category, which included books with more than one million sold copies, is juvenile fiction. Print sales in this category rose by 3.8%.
Looking at sales by format, trade paperbacks — the format that holds adult coloring books — had a 4.01% gain in unit sales over 2015, which is slightly less than 2015 (5%). The hardcover and board book formats also had sales gains in the year, but sales of mass market paperbacks and physical audiobooks both had declines in 2016. Total units sold topped 674 million in 2016 as reported by the Association of American Publishers.
U.S. Book market (updated March 2017)
Compared to the previous year, the German book trade in 2015 registered a 1.7 % decline in the popular market through various distribution channels, including stationary book trade, railway station book trade, e-commerce and warehouses. According to the Consumer Price Index Destatis, the average book price fell 0.9% in 2015. The percentage of eBook sales in the total market continues to rise at a moderate rate. In 2015, the share of sales in this section was by 4.5% (2014: 4.3 %). As the only organization in the world that unites all three trade sectors, publishing houses, bookstores and wholesale book trade under one roof, the Börsenverein currently has 5.200 members.